@BrianRoemmele @digitalretail @bryanmishkin @cherian_abraham I thinking about for a while. Apple already has direct contracts w 500+ banks
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Replying to @collegeitdept
@BrianRoemmele@digitalretail@bryanmishkin@cherian_abraham why couldn't they facilitate direct P2P money transfers directly between banks?2 replies 0 retweets 1 like -
Replying to @collegeitdept
@collegeitdept@digitalretail@bryanmishkin@cherian_abraham Shhhh! Letting the 'cat out of the bag'. I will have much to say about p2p

2 replies 0 retweets 1 like -
Replying to @BrianRoemmele
@BrianRoemmele@collegeitdept@digitalretail@cherian_abraham trouble is biz model. P2P isn't profitable without passing cost to consumer1 reply 0 retweets 0 likes -
Replying to @bryanmishkin
@bryanmishkin@collegeitdept@digitalretail@cherian_abraham agreed. But if banks form the Apple Pay p2p there is near 0 wholesale cost.1 reply 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@collegeitdept@digitalretail@cherian_abraham true but the debit card rail which apple pay uses still has interchange attchd1 reply 0 retweets 0 likes -
Replying to @bryanmishkin
@bryanmishkin@collegeitdept@digitalretail@cherian_abraham the Apple Pay p2p will not use debit networks. It will be bank networks.2 replies 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@collegeitdept@digitalretail@cherian_abraham what like ACH? Or private proprietary? ACH is too slow. Proprietary too ltd4 replies 0 retweets 0 likes -
Replying to @bryanmishkin
@bryanmishkin@BrianRoemmele@digitalretail@cherian_abraham what about setting up a new clearing house. A digital one 4 Apple Pay direct?1 reply 0 retweets 1 like -
Replying to @collegeitdept
@collegeitdept@BrianRoemmele@digitalretail@cherian_abraham maybe but current contract with FIs doesn't cover anything like that2 replies 0 retweets 0 likes
@bryanmishkin @collegeitdept @digitalretail @cherian_abraham Apple has proven to marshal different thinking at Banks.
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