15min chapter

Acquired cover image

Visa

Acquired

CHAPTER

The Limitations of the Current Payment Ecosystem

In this chapter, they discuss the limitations of the current payment ecosystem and the lack of machine-readable receipts. They mention that while some participants, like banks, are okay with minimal information being shared, others desire a more robust protocol. The banks prefer maintaining control over customer information and only using Visa's network as a means to accomplish tasks for their customers.

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