MasterCard launched a new site with card payment service Plastiq yesterday to help Chinese students in the U.S. pay their tuition, even if their schools do not accept credit cards for payments. “For the first time, [Chinese] students will be able to pay in their local currency,” said Plastiq co-founder and HeadRead More
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Brock’s got a lot on his plate, and, well, his patience for vendors is waning.
It’s time to begin thinking about the implications of bill payment and make plans where we can.
With a dearth of standards and 120 hungry vendors for each good idea, the payments world is a freaking mess right now.
Open up your minds and put on your safety goggles. It’s time for the third infusion of Croal Dude’s words of wisdom and hope for the confused and the weary.
Time for us to toast the mighty, recognize the innovators, skewer those who have rambled off the path of righteousness, and poke a little fun at all of the above.
Unlike the airline industry that really has become a “take it or leave it” environment, vendor contracts still need to be mutually agreed to by both parties. We have hope.
Our informal Gonzo estimate: 85% of vendors typically tout “cloud,” but an astonishing 0% tout cloud when Internet access is shaky.
We need to do everything we can to prevent the decoupling of the payment account relationship.
The credit card industry is ripe for community and regional issuers to get back into the game.