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Sea Island, Ga

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Payments Financial inclusion

Philip Andreae

Principle at PA&A

Message Posts: 0 Comments: 47

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

Microsoft bids to overhaul ID verification

As a lay person with some knowledge of the questions, one wonders how we will develop a model where each of my claims (read attributes) can be trusted by a myriad of parties. My claims will include graduation from University, Birth, marriage(s), divorce(s), Vaccination(s), certificate(s) of complaince to a defined work capability, business permit(s), employment(s) and the list goes on. Without agreement on the schema associated with the multiple claims I wish to have trusted, how all of this will work is open to discussion. One then thinks about the work of ISO on 80013, 8583, 20022, 781z, and ... then add ICAO on the electronic passport, AAMVA on the Mobile drivers license and all sorts of relationship, membership andtransactions types like airline tickets, theater tickets, bus passes. What am I missing I am sure the list is enormous.

08 Apr 2021 Reply Read article

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