Episode Two: Issuing Credentials: The Foundation of Payment Networks

2025-03-19

In Episode Two of "The Payment Parallel," Proof CEO Pat Kinsel sits down with author David Stearns to discuss the foundation of a payment network: the credential. From the Diner’s Club card in the 1950s to today's Tap to Pay, David explores the history of the payments industry and how it solved the multi-sided market dilemma between merchants and cardholders. Together, he and Pat draw parallels between today’s identity verification industry and the similar challenges it faces when issuing cre...

In Episode Two of "The Payment Parallel," Proof CEO Pat Kinsel sits down with author David Stearns to discuss the foundation of a payment network: the credential.

From the Diner’s Club card in the 1950s to today's Tap to Pay, David explores the history of the payments industry and how it solved the multi-sided market dilemma between merchants and cardholders. Together, he and Pat draw parallels between today’s identity verification industry and the similar challenges it faces when issuing credentials.

Could the same strategies used in payments to bootstrap adoption offer a blueprint for the identity industry? Check out Episode 2 of The Payment Parallel Podcast!

Download the full Payment Parallel eBook for free at proof.com/the-payment-parallel.

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