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Description: Glenbrook’s commentary and opinion blog: written by members of the Glenbrook team.
Faster Payments - May 4, 2023
Welcome back to Payments Post. Last month’s edition was all about banks; this month’s is about “paying by bank”. Or to be a bit more semantically precise, account-to-account (A2A) payments. We were particularly interested in Visa’s Visa+ initiative , iDEAL’s apparent pan-European future , and Plaid’s upcoming payouts product . Regular contributor Justin Pituch digs in this week with colleague Andrew Liang, a Boston-based team member.
Justin Pituch Let’s start off by talking about Visa+. We’ve observed networks like Visa and Mastercard moving beyond their traditional card network business for some time now, not because the card system is declining somehow, but rather because these networks are now technology companies with an ever-expanding feature set. A natural avenue for the networks is to expand their capabilities by facilitating non-card transactions. Visa+ is an example of this strategy. Visa is responding to the growth of digital
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