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The talk is always of the benefits to the merchant in receiving instant payments at the point of sale. Until customers can be convinced that a good part of those benefits will be transferred to them (lower cost, more reward points etc...) why would they choose to stop using their convenient, tried and tested cards?  This is especially so, given the loss of protection rights they get through cards.

For international payments, these benefits should be more obvious. After all, generally there's a lot of cost in using a card abroad. Unfortunately, when the true cost includes an FX rate at an undetermined point in time, the cost is unlikely to be fully known.

As long as you pay before you fill.  I don't think coffee soaked terminals would be all that great!

@Ketharaman, Often in the UK, the estimated annual consumption is split evenly across the year to avoid monthly variances.  And yes - whilst customers should be written to if the monthly fee is increasing, that often gets lost amongst the numerous promotional emails! An alert from the Bank would be much more visible.

Hmmmmm.....This one actually sounds like a worthwhile innovation from a Challenger - a real value add in money management.

As long as each individual project needs fund its testing elements, you'll never achieve the long term holy grail of building a test infrastructure for the long term.

@Katharaman - Was that 'cash on delivery' of the ticket or 'cash on delivery' of the passenger? ;-)

Obviously huge benefits to the airlines.  However, the benefits to the travellers in terms of less complex payments....really?  Is plugging in your credit card details that complex?  Plus, as @Jan-Olaf Brunila has mentioned, credits cards give the traveller substantial protection.  I think the benefits to the traveller are a case of "lipstick + pig".....unless, of course, the savings that the airlines make result in lower cost travel.  We'll see.

150 companies?  I think it's more than that!

" immediately pay out money to their debit cards"?  Surely you mean "immediately pay out money to their accounts"?

And how many of those using digital-only banks have also completely terminated their relationships with high street banks?