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8,265 Posts.
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01/09/05
15:03
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The only issue i see confronting people here is how will the cards work
That is....who will issue the cards.
My view is....the ONLY people who could do this and make this work are the banks themselves.
At the moment Mastercard,Visa etc make the most money and are NOT exposed to the fraud of credit cards.
Banks have the vested interest in eliminating fraud.
The release stated "National" platforms.......making up a Global Grid.
The market and shareholders want to see the detail of how the platform will be deployed.
Monoco are NOT the people deploying the platform.....they are the ones who designed and built it.
Tonight will reveal it all.