Visa is selling the rulebook without the rail.
Visa’s UK account-to-account product is the card rulebook detached from the card rail. The public rails wrote rules for fraud but not for commerce, and the UK is now pricing three answers to who pays for the rest.
Recent analysis
All articles have been written and researched using primary and public data sources, including rulebooks, regulatory rulings, consultancy reports and press releases. All articles cite the sources used.
Visa is selling the rulebook without the rail. The question is, who will pay for it?
The public rails wrote rules for fraud, not for commerce, and the UK is pricing who pays for the rest.
11 SEP 2616 MIN · 93 SOURCES
Credit is coming to public A2A payment rails, but not in the way fintechs hoped for
The rail moves the money, a licensed lender holds the risk, and only the rail owner can write the rulebook.
09 SEP 2612 MIN · 54 SOURCES
LATAM’s wallet forecasts measure the button, not the rail
The 2030 wallet share measures who owns the checkout button, not which rail moves the money.LATAM
02 SEP 2612 MIN · 22 SOURCES
Europe’s biggest cross-border corridor, counted in purchases, doesn’t run between European countries
China tops every corridor page, and the volume runs on Europe’s own payment methods.
CROSS-BORDER
29 AUG 2611 MIN · 32 SOURCES
Money began as a ledger. It is becoming one again.
A 5,400-year history of how value moves, told in eight eras, with an argument that the card era, and not account-to-account, is the anomaly.
The architect behind the Trace
By day, I am the Lead Enterprise Architect for Digital Payment Methods, at Global Payments.
By night, I write to think more clearly about how the world pays, how money moves, and the multi-sided nature of payments and commerce.
What ends up on the page is not a reaction to the latest headlines. It is a considered architectural view of the implications beneath them, for digital payment methods, strategy and the evolution of payments.
If you’re curious, find out more about me here.
These are just some of the payment methods I have had the pleasure of working on.
Click any logo below to find out more.
