I just paid for 12 months worth of Skype subscription which I have used for just 2 calls back in January. I want ALL my subscriptions to go through Apple Pay and App store. Once I subscribed to New York times. The newspaper that was advertised to me for years in all Hollywood movies as a place where honesty and freedom are of highest priority. I had to spend an hour on a phone with their representatives to cancel it…
I tried to stick to PayPal to manage subscriptions for a few years since it was centralized and I could change payments or cancel. Patreon seems to have taken over a lot of this--but it's even more niche.
> Big hope that fin tech will blow it up, but unfortunately start ups didn't deliver.
I just can't imagine the ROI needed to satisfy VC funding...especially without it becoming shady or predatory itself. Or, like you said, the regulations involved for a self-funded startup. I think the other aspect is that big companies aren't motivated to play ball. Yodlee is probably the biggest player and has had spottier integration as companies have added 2fa and other security measures. Very few have gone as far as adding tokens to support 3rd parties like Yodlee.
> Each bank got their app and added some obvious features there
I suspect if something does happen (I'm not particularly confident) it will be a spinoff from a bank like how Allstate and Discover Card were spinoffs of Sears or Kingsford Charcoal from Ford Motor. Do companies do this anymore?