Visa Chief Executive spoke at the Barclay’s Emerging Payments Forum: “I think it is totally appropriate to do that. Some of the people we compete with started out as one thing and they morph into another thing, and doing things online is very different than doing things at point of sale,” Scharf added. “We are always thinking about those relationships and they have changed.”
“And if they changed enough that we think it warrants us to change something with us, we will do that,” said Scharf. “Allowing data to be passed through to our issuers and then not allowing data to be passed through to our issuers makes us re-think about our pricing and our rules.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.