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San Francisco

Member since

2008

Vineet Anand

Director Business Dev at Company

Message Posts: 0 Comments: 9

Bio Payment Industry GM. Passionate about Product Strategy, Product Management, Emerging Payments & FinTech Innovation. A global work experience with proven success in driving product development, product launches, P&L, business dev & relationship management.

Vineet is Commenting on

UBS: Fingerprint cards will generate $5bn in bank revenues by 2026

It will be interesting to see some fraud detterent metrics from these commercial pilots: What is the fraud rate of current chip card transactions or NFC cards? And what is the fraud rate for fingerprint cards? Why use fingerprint cards when chip / NFC cards can do the same transaction in a secure manner? Is the sales pitch around giving card user the comfort that transaction is more secure using fingerprint? Also since the pandemic, the users prefer to have less physical contact in tranactions.

19 Feb 2021 Reply Read article

Walmartpay: A user review

This "me too" kind of approach towards mobile payments without a comprehensive customer journey and customer experience will not drive usage. We have seen this happen over and over again, with most of us repeatedly outling the very need for a rewards, coupon, loyalty based mechanism to draw in usage, upsell products, and build deeper relationships with brand. ChasePay will be allowed for use at Walmart - will they have a more comprehensive story to drive usage other than reward points i.e. coupons and recommendations!

21 Aug 2016 Reply Read article

ANZ chief predicts mobile will kill off cards in less than a decade

In less than a decade death of the plastic! Well that will bode well in Australia and few other markets in Europe, the same cannot hold good for even other developed markets in Europe and US. Contactless usage, consumer subscription, and acceptance in individual markets will triangulate that growth and replacement timeline. There is credence in what ANZ cheif is saying specific to Australia. We are seeing that tremendous growth to contactless across Australia, Poland, Sweden, Netherlands, UK.. those are markets that will see consumers transition to mobile phones for payments while snapchatting away!

17 Jul 2016 Reply Read article

Dutch banks team up on digital identity service pilot

@Bo - this seems to be a leap forward of PSD2 directive which will have banks create API's for AISP's and PISP's. Digital identity will be an extension similar to Paypal and Barclays accounts as credentials in UK for govt. websites?

03 Nov 2015 Reply Read article