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Sea Island, Ga

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2018

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Payments Financial inclusion

Philip Andreae

Principle at PA&A

Message Posts: 0 Comments: 46

Bio Advisory and consultant capable of providing support to those working with electronic payments. digital identity, cryptography, cryptocurrencies, Career History Https;//www.andreae.com/about

Philip is Commenting on

Covid-19: M-Pesa waives fees to discourage cash usage

Maybe the payment schemes should encourage merchants to accept cotnactless payment by lowering Interchange fees for Cotnactless payment credential presentment.

18 Mar 2020 Reply Read article

Cash is here to stay - cards are the true dinosaurs

This question of the extinction of the payment card is misleading. What is a payment card? It is the carrier of a set of credentials, A means of Identification offering financial Attributes capable of being authenticated by a party seeking to sell something to the individual or entity presenting the credential as a mechanism to assure payment. ... https://andreae.com/2020/01/24/the-card-was-and-is-only-a-credential-carrier/

24 Jan 2020 Reply Read article

Mastercard trials digital identity tech

If the MasterCard approach is to facilitate the design of a solution Financial Institutions can implement and therefore act as a trusted identity provider, then, why not. If the goal is for MasterCard to become the trusted party in an identity solution, then I am uncomfortable. As an example of a responable approach. If the Chip used to secure a debit account's credentials (debit card or mobile device with debit credentials inside) was to include certain Identity Attributes, proofed by the consumer's bank, this would be a very good source of a trusted digital identity.

12 Dec 2019 Reply Read article

Ex-Barclays Antony Jenkins predicts demise of traditional banking

" he sees banking moving to a "golden age" with a customer-first approach and streamlined services" Yes this move back to a stakehodler culture is what the capitalistic market requires. This means companies, in this case bankd, focus on what their customers need. If Branches are not necessary so be it. If sexy user itnerfaces are required build them. Blockchain while intriguing is all about removing the intermediary. THis idea that "Uber has negated the need for the intermediary of a taxi company or licensed body" makes no sense. Uber simply inserted themselves into the system as the new intermediary. What is changing is not the nature of the function it is the actors who perform the functions. We still need regulation, central banks and other mechanisms society inserted to protect the citizen.

02 Dec 2019 Reply Read article