Interesting how we all wish to forget history. If someone can propose a solution that the world will embrace and will not cost the globe another fortune I am all for it. Please make sure it is a technology that can be implemented quickly and work everywhere. Hopefully it will be offered license free, achieve the success that EMV has already achieved and deliver the results EMV has already delivered. Yes innovation is moving rapidally. At the same time we still depend on numerous systems that are centuries old and still fit for purpose. HCE and NFC are based on EMV. The ID1 card still seems to be the form factor of preference. I believe in innovation. Please quickly propose the optimum global solution, acquire global commitment, and let's go for it. Otherwise respect global realities and focus on deploying EMV cards and terminals. I then strongly advise that we simultaneously focus on working together to address the real issue Card Not Present fraud to support the ever increasing world of Internet enabled shopping. If we are seeking a real solution then lets figure out how to enable my phone to replace my leather wallet. Please make sure the initial not future requirement is that it is able to absorb my drivers license, health care cards, passport, loyalty cards, membership cards, paper money, receipts and yes my payment cards too.