Tuesday, June 30, 2020

“We don’t think that they will go back to their old habits, because they’ve now gotten familiar to a different way of paying. We expect an enormous wave of growth in digital payments as economies return to normalcy.”
– Jorn Lambert, Mastercard’s EVP of digital solutions –

Tokens. Cryptographic merchant linkage. Contactless payment. These technologies sound like dispatches from the future but they’re actually part of the evolving framework for digital payments infrastructure. This is changing the world of credit cards faster than you might imagine and, to gain an insider’s view of what’s happening, Click here for the article The pandemic is doing to credit cards what iTunes did to CDs. Yet no matter how the credit system evolves, remember the admonition that “Too many people spend money they haven’t earned, to buy things they don’t want, to impress people that they don’t like.”

Stay safe. Stay healthy. Be strong. Lead well.