More things are unclear. Is this a merchant or consumer/payer centered system? In other words, who initiates the payment transaction, who controls the transaction data? Does the consumer identify himself to the merchant and the merchant executes the transaction, or vice versa? via which networks? How will the non-card payments be processed? Via the traditional 4-party system with some interchange cost, or independently from it? What is the merchant address space (merchant id space)? what is the consumer address space? Is the system also available for on-line shopping? or in unattended retail segment (e.g. kiosks, vending machines)? Since the consumer now has access to his electronic accounts from the mobile, can a consumer do a p2p transaction to a peer consumer also on the network? Will HCE be supported? Will the private bank account access be supported as source of transaction funding in a true meaning of the word... i.e. without the IX/EFT networks costs? What are the means of exchanging data between consumer (and his device) and the merchant (and his device)? We heard about QR... will NFC be supported? BLE? manual entry of data on the phone/POS? Will there be any functionality available on feature phones or phones without data plans (still 50% of the market)? Will data analytics be provided in support of intelligent targeting? Will marketing campaigns be supported? And yes, what is the business model for MXC as a company?