Unedited by Larry Chiang
Tom Noyes (@noyesclt) | |
Bank of America hints at provisioning tokens to Paypal next year (autoloading consumer payment instruments). Wow!! In front of Zelle??
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📈 Dave Birch (@dgwbirch) | |
@noyesclt so they will provide “ACH tokens” to BofA accounts for both Zelle and PayPal but PayPal first?
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Tom Noyes (@noyesclt) | |
@dgwbirch no no.. not ACH tokens. Visa debit tokens provisioned to PP (now VDEP compliant). Debit funding allows banks to get $$ (vs ACH)
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📈 Dave Birch (@dgwbirch) | |
@noyesclt but surely ACH push will be cheaper than debit pull?
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