note that the industry has somewhat addressed that with the stored value cards (that you find at video stores, coffee houses, department stores, book stores, grocery stores, drug stores, etc). The same POS terminals now process debit cards, credit cards, and stored value cards .
I have great respect for those accomplishments but note that they invariably, provide no capability for their owners to pay anything to anybody other than thru banks.
Where is there a stored value system that has a P2P interface, even if it relies on physical presence?
Where is there even a stored value system that allows a merchant to aggregate balances, without posting each one to transaction logs at the bank?
Perhaps they exist and I am ignorant,
Thanks Todd
