As of 1/1/30, customers will not make purchases by giving each merchant full access to a non-transaction-specific numeric string (i.e. credit cards as they are today): 70%
This seems like the kind of bold prediction which failed last time around. Maybe you can make it more specific and say what fraction of online transactions will be processed using something which looks unlike the current credit card setup?
And then have it immediately satisfied by cash transactions!
I think you’d have to either predict reductions in credit card usage specifically, or get into a little bit more detail about what sort of transaction setup we are talking about.
For example, I could see the spirit of (my interpretation of) this prediction being met by something like the new NFC payment mechanisms which generate one-time use credit card numbers for each transaction. Why pointlessly break compatibility with the legacy system?
This seems like the kind of bold prediction which failed last time around. Maybe you can make it more specific and say what fraction of online transactions will be processed using something which looks unlike the current credit card setup?
And then have it immediately satisfied by cash transactions!
I think you’d have to either predict reductions in credit card usage specifically, or get into a little bit more detail about what sort of transaction setup we are talking about.
For example, I could see the spirit of (my interpretation of) this prediction being met by something like the new NFC payment mechanisms which generate one-time use credit card numbers for each transaction. Why pointlessly break compatibility with the legacy system?
I guess Paypal, Amazon Pay, etc. could also qualify—they allow me to make purchases without giving a merchant access to my credit card number.