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Latest News
- Cold Stone Creamery Goes Back in Time with Retro Ice Cream Promotion
- Wells Fargo Advantage Closed-End Funds Declare Monthly and Quarterly Dividends; Wells Fargo Advantage Income Opportunities Fund Reduces Dividend Rate
- Bite Communications Strengthens North America Leadership with Appointment of Danon and Willis to SVP
- Ascena Retail Group, Inc. Announces Participation in Citi’s 2012 Global Consumer Conference
- P&G to Webcast Presentation from Citi 2012 Global Consumer Conference
The Question
What is likely to be the greatest driver of commerce convergence growth in the near future? Payments or mobility networks (like Visa and Verizon) adding value and features, or value- and feature-rich consumer networks (like Google and Facebook) adding mobility and payment?
Your Answers
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Past Questions
- Resignation of Green Dot President
- Was Verizon’s now kiboshed $2.00 fee for paying online:
- Payments Innovation and Charitable Giving
- NFC and mobile payments … TRICK OR TREAT?
- If You Ran the CFPB, Where Would You Crack the Regulatory Whip?
- Google's Acquisition of Motorola
- What are your predictions for consumer habits as far as credit card payments and spending?
- Will there be one dominant digital wallet, several, or many?
- What payments instrument will you be "declaring your independence from" this year?
- How will Monnet impact European markets?
- What do you see as the single greatest threat to online payment security today?
- What is the key to building a successful loyalty program?
- Will Google Wallet ignite mobile payments?
- Who Is Driving Innovation in “Green” Payment Methods?
- What changes are you planning for 2011 in regards to your collections efforts?
- How open is “open” development?
- Consumer Activities Surrounding Core Payment Transactions
- Igniting External Development
- Commerce Convergence in the Future
- “Killer App” to Tie Mobility to Payment and Information
- Drivers of Commerce Convergence
- Transaction Data for Marketing Purposes
- Most Important Result in the Application of Risk Management Services
- Biggest Innovation in Payments System Information Management
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Comments
Visa and MasterCard understand networks in the sense that they have been operating rapidly growing networks since the advent of the dial terminal in the 1980s. But do they, with their relatively simple transaction sets and functions, understand networks the way Google does?
Google understands payments to the extent that it is able to tally advertising obligations over a vast array of users and submit payment transactions to Visa and MasterCard each month. But does Google, with it's lightening fast innovation cycle understand the unwieldy process of innovation in the global payment systems, which can't tolerate glitches?
Fast and smart may successfully compete for intermediary processes if they can do it without introducing a monumental morass of service problems due to small randomly occuring system glitches.
Posted by Scott Harrison, 06/01/2011 9:18am (1 year ago)
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