Sunday, December 25, 2016

Pure cash transaction

NFC World: Mastercard and Visa have signed a tokenization agreement that will allow Mastercard to request tokenized Visa credentials from Visa for provisioning into Masterpass and Visa to request tokenized Mastercard payment credentials from Mastercard for provisioning into Visa Checkout. The agreement will “accelerate the adoption of tokens” across both digital payment platforms, says Mastercard’s James Anderson.

Both parties trusted, secret  keys deliver exchange.  Thus, both proof of concept and a standard for the hard wallet crowd.

Within the Sandbox, a virtual credit card is assumed to be  virtual coin backed by the standard S&L. Though using dollars, the bit error function has an equivalent float, but when it is backed by equity there is the probability of negative float is suppressed. risk transferred to eqity, but covered by cycle fees and yields..

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