From Diners Club to Digital Wallets: The Future of Payments ft. Paymentology | 11:FS Explores

Описание: Maybe it's because we're nerds, but we think the journey of payments over the past 70 years is absolutely incredible.

From the 1950s with Frank McNamara, the founder of Diners Club, completing the first credit card transaction, all the way into today’s era of tokenised digital wallets.

What began as a simple solution to the problem of forgotten cash has grown into a global phenomenon, where convenience, control, and confidence define the payment user experience.

From click-clack machines to contactless taps and now invisible, embedded finance solutions, innovation continues to revolutionise how we pay. Tokenisation, virtual cards, and mobile wallets have made payments more secure and seamless than ever.

As we move further into a cashless world, the focus shifts to prioritising the banking customer experience - combining speed, simplicity, and personalisation while combating fraud with advanced technologies.

Stephen Bowe, Chief Product Officer at Paymentology, gives us the lowdown on the past, present, and future of payments.

Find out more about Paymentology: https://www.paymentology.com/

Timestamps:
00:01 - Intro
01:01 - How payments are evolving
01:41 - Three pillars driving transformation in card payments UX
01:49 - Pillar one: Convenience
03:38 - Pillar two: Confidence
05:06 - Pillar three: Control
05:48 - Why should a card be limited to a single account?
06:16 - How banks have approached control
06:29 - The benefits of tokenisation and what does the future look like?

#fintech #payments #banking
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