Right now, my blog is (mostly) about protecting interchange fees by making payment cards more useful and valuable to merchants.
Up until recently, payment schemes have focused little on merchants. That is changing, thanks to pressure from merchants and regulators as well as increased competition between Visa, MasterCard, American Express and other brands around the world.
Payment schemes are putting more effort into creating new products and services which benefit merchants, so that pressure on interchange fees is reduced, and, in consequence, attracting banks becomes easier.
Who is this guy?
Aneace Haddad
Aneace is founder and chairman of payment software company Welcome Real-time (email me here). An American from Boulder, Colorado, Aneace has spent most of his life living and working outside the US. He has learned to speak four languages and is now working on a fifth (but is discovering that the process seems to be getting harder with age). Aneace founded Welcome in 1996 in Aix-en-Provence in the south of France, and now lives in Singapore. He is a 20-year veteran of the point-of-sale and smart card software industry, starting his career as a programmer in Denver in the early 1980's (but nobody lets him touch code anymore). He is the author of two payment card strategy books, “Using Smart Cards to Gain Market Share” (Gower Publishing, 2000) and “A New Way to Pay” (Gower Publishing, 2005). He regularly meets with banks and financial institutions around the world to share “New Way to Pay” experiences which other bank executives have learned in other countries.
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