Saturday, March 25, 2017

Frictionless means autotraded

Efma study:
“Frictionless” commerce occurs when a consumer purchase is automatically initiated without an explicit consumer purchase decision. Instead, purchase decisions are made on behalf of the consumer, with his or her advance consent, using real-time, integrated data from preferences, past behaviors, sensors, and other sources of contextual data. Any move to frictionless commerce requires seamless payments to keep pace. With orders being pre-filled and automatically or at least conveniently authorized such as fingerprints or facial recognition, this is a big step forward from what we could call the “traditional digital” offerings now widespread in both physical and digital channels.
Frictionless means the only unpriced uncertainty is bit error, as defined by me, the conserved round off error when containers are not optimally matched.  Frictionless relies on price compression and secure end points that can hold cash.

It means that, in the sandbox, a merchant need not call the master charge ledger service right away, it can hold the IOU, like a coin; in fact it is a coin, and protected from fraud while in the pit.  It means that friction losses do not fly away to empty space,they are conserved and recirculated.

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