@_mike_chambers_ 1. Does Bacs see VRP as a real threat.
2. Is there any possibility of reducing the payment cycle to 1 day to allow it to compete with FPS
@mikulaja@sytaylor A lot of predecessors in Europe ran the same way. There is always a number of customers to do this in house as well to manage cost and other risk profiles alongside card fraud. So unsure where the technical debt sits, Block or Marqeta. Feels unlikely to be the latter
@jenny_colgate I think Europe their very relevant still. IFR and interchange caps mitigate some of the value exchange that you may see in the US. Scheme collateral in EEA is a big inhibitor to innovation for young issuing fintechs imo. Regulatory landscape is tough in APAC due to segmentation