Banks should start extending their payment networks to not only move money but also transaction documents (receipts, tickets, digital goods, etc) and identity information.
-
Show this thread
-
Square already enables you to connect an email address to your card, so you can receive receipts through email. This makes it easier for your administration and saves paper. https://squareup.com/townsquare/what-does-your-square-receipt-look-like-to-your-customers …pic.twitter.com/Z6ZjKNwvnI
1 reply 2 retweets 1 likeShow this thread -
As a processor, Square connects merchants (stores) to their acquiring bank (Chase). Which means that you will only receive a digital receipt when the store uses the Square terminals.pic.twitter.com/fIvXfYHBwm
1 reply 1 retweet 0 likesShow this thread -
Now imagine if your bank (which issues your card) is also able to process this additional information. Every seller would be able to send along the transaction details (standardized and signed xml/json format + html/pdf attachments), giving you a single place to track them.
1 reply 0 retweets 2 likesShow this thread -
Curious why a certain amount was deducted? Just look at the receipt right there. Need to find those cinema tickets you bought online? Just open up your banking app. Want to see how many bottles of soda you bought last year? Let your bank tell you.
1 reply 0 retweets 3 likesShow this thread -
This is perhaps a little harder to picture if you are used to American banks (which tend to be… old school), but doesn’t seem too far off if you are used to European banks.
1 reply 0 retweets 1 likeShow this thread -
Now that my card provides a way to deliver transaction information, banks can extend it with a loyalty scheme platform. Buy something at a store, enroll in their loyalty scheme through your banking app, and automatically receive points/discounts the next time.
1 reply 0 retweets 1 likeShow this thread -
Automatically receive 5% off from the store if you pay somewhere a second time this month with your debit/credit card. Collect points to reach a membership level. Get the 10th coffee for free.
1 reply 0 retweets 2 likesShow this thread -
Banks are most people's store of funds and thus hold the keys to the kingdom. They are in the perfect centralized place to enable this. And it’s in their interest to increase their usefulness/competitive moat, before another platform (Alipay, WeChat, Paytm, Venmo) swoops in.
2 replies 0 retweets 2 likesShow this thread -
I’m impressed by Amex’s integration of the Square receipts. Hopefully it’s a pilot that will make it into the network specificationpic.twitter.com/JGYeFDWnmE
2 replies 0 retweets 2 likesShow this thread
Apple’s receipts also show up in the Amex app
via @ghodpic.twitter.com/5vME7aJGCd
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
at
retweets