Saturday, February 3, 2018

The escrow router makes this a breeze

A payments post on market developments in alternative payment systems.  Mostly loyalty points (discount coins) and payment wrappers, allowing the Chinese mobilwallers to work in Europe by tunneling them through POS to a server, or working with th POS vendor. 

The post-holiday, mid-winter blahs can make people antsy to jet set off and travel to new locations. When they get to their destinations, payments platforms are prepped and ready to unlock traveler spending.  It turns out consumers aren’t the only ones on the move, though. Money, business and loyalty reward points are increasingly showing signs of roaming from one venue to another.

The escrow router simplifies all this.  Register your protocol, and verify stability.  Then every router can recognize the qualified customers using the new protocol, and the router automatically handles the service specified when it appears in  escrow instructions. 

Each new exchange protocol gets a kind of URL entry with sufficient parameters to be understood by the router.  Everything then resolves back to the user cash card. The  user constructs a valid escrow script and submits to the nearest router. All routers are ringed fence.

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