Tag: debit

Payments

German and French banks push ahead with new debit card scheme | Finextra

Colin Henderson

Not often we see a plausible alternative in the payments space from banks, but here is one in the works. German and French banks push ahead with new debit card scheme | finextra Bundesbank board member Hans Georg Fabritius told the conference that a Visa and MasterCard duopoly is “an unsatisfying vision” for political and economic reasons. However, he warned that while the French and German project, called Monnet, is “promising” it is only a concept and he would want other countries to join in. Continue reading German and French banks push ahead with new debit card scheme | Finextra

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Tempo – decoupled debit card

Colin Henderson

I came across Tempo on Netbanker – they will be presenting at the upcoming Finovate.  Tempo are focussed on a space I have high hopes for – general disaggregation of banking services.  In the case of Tempo they are in the de-coupled debit card market, something Capital One dabbled in 18 months ago. Not much detail, but their value proposition is one of customer loyalty points attached to the card.  While that is the obvious play, I remain convinced the power in this model will extend further.  I say this because loyalty points have a limited appeal to a certain … Continue reading Tempo – decoupled debit card