The Netherlands has followed London’s example with the launch of an open-loop transport system. Unlike their closed-loop equivalent, open-loop payment systems don’t require an additional card or pass to ride, and city travelers can easily hop on and off metros, trams and buses using their...
While the cost of processing credit cards has dropped dramatically over the years, some of the interchange levels have remained relatively high. This has led to an economic model evolving within the travel industry where some of the benefits are being passed to the buyer....
Disruption is an ongoing theme of the post-pandemic business world as traditional cards and rails are challenged by imaginative tech that’s redistributing the power of payments. For some, the dream is a closed loop payments system a la the Starbucks card and Starbucks Stars rewards...
November 22, 2022
While the cost of processing credit cards has dropped dramatically over the years, some of the interchange levels have remained relatively high. This has led to an economic model evolving within the travel industry where some of the benefits are being passed to the buyer. But merchants, on the other hand, often feel as though […]
September 29, 2022
Disruption is an ongoing theme of the post-pandemic business world as traditional cards and rails are challenged by imaginative tech that’s redistributing the power of payments. For some, the dream...
