Hi Alan, >Also, if you are a Bank that issues *and* acquires, it might be a difficult >sell as you would be allowing customers to become merchants. However I >think this could probably be overcome with appropriate controls and T&Cs.
Not being associated with a bank, I have some problems of understanding the above. Is that a "political" issue maybe? :-) The idea was not when I originally described this, that Customers would become merchants, it is rather their bank that techically (sort of) acts as a merchant on their behalf in an entirely bank-controlled process with respect to the merchants-activtities. Regarding controls I am unclear of what kind of controls that you can do with respect to the payee except validating that the account is correct. Could you enlighten me on that? What is T&C if I may ask? regards Anders
