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80.0¢ splitit payments ltd

Split Payments contra to Rules?, page-8

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arundpr

306 Posts.

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20/03/19

16:42

Post #: 37827506
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Originally posted by hotmix87: ↑

NAB middle exec - not an ex CEO with a Paypal ex - no one from card schemes

The point is the acquiring bank has to "splitit" and the acquiring bank doesnt need a patent - its part of the network if you invoke 'installment payment'.

This whole thing is really amusing - they basically have a patent on ....nothing (which is why it was rejected in Australia - see https://hotcopper.com.au/threads/patents.4671610/?get_post=true )

As for knowing the rules - there they are in black and white, from the source, which you can read yourself. SPT is nothing more than a payment gateway - like PinPayments or https://www.ezypay.com - no idea why anyone thinks there is anything new or novel here.

As for Visa - it represents something like 60% of all card payments globally - so doubtful they wouldnt be using it. Prospectus refers to Visa in any case.

Im quoting sources and facts > but if holders prefer hype, then thats ok - but facts wont change.

GLTAH, DYOR

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Hotmix87 - good point raised.

On the IP filing with US patent office, they refer to a primary and secondary credit provider. And it states that "Secondary credit provider pays full transaction amount to merchant".

SPT.pdf

SPT Price at posting: $1.26 Sentiment: Buy Disclosure: Held
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