Profile

Location

London

Member since

2015

Andrei Charniauski

Director of Market Intelligence at Finastra

Message Posts: 0 Comments: 10

Bio Andrei Charniauski runs the Finastra Market Intelligence team. Career History Prior to joining Finastra, Charniauski spent 11 years at research and consulting firms RBR and IDC as a technology analyst covering the financial services industy.

Andrei is Commenting on

BRC calls for abolition of interchange fees as more consumers pay with plastic

The article is somewhat confusing. Rertailers do not pay interchange - they pay merchant service charges (MSCs). Does BRC want to abolish MSCs? Did they explain who is going to cover the costs of merchant acquiring if MSCs are abolished? Surely, there will be no service if there is no profit.

22 Sep 2021 Reply Read article

Nets and Worldline take stakes in bank-backed rival to Visa and Mastercard

@Vernon, you're absolutely right - that's why I said "create a scheme" with all the rules, fees, protocols, chargebacks, merchant management, etc. There still needs to be a scheme - just no need to invent another card-based scheme which is not going to break through.

27 Nov 2020 Reply Read article

Nets and Worldline take stakes in bank-backed rival to Visa and Mastercard

Another pan-european card scheme... all the previous ones have failed without even starting. Guys, you don't need to try with a card anymore - all you need is an account-based pan-european scheme which settles over SEPA Inst. Launch it at all ecommerce gateways and force banks and customers into using it with lower costs of transaction. Mobile phone is your programmable interface for wallet, p2p and even physical POS payments.

26 Nov 2020 Reply Read article

Most banks will be made irrelevant by 2030 - Gartner

Or not! :)

30 Oct 2018 Reply Read article