Get all the best news and insights in payments everyday in your inbox.
/commentary
- Mintz Levin Ranks in Top Five Underwriter’s Counsel in Q1 2012, According to The Bond Buyer
- S&P Capital IQ Initiates Coverage on Xplore Technologies Corp. in Standard & Poor’s Factual Stock Reports
- A.M. Best Affirms Ratings of Sammons Financial Group, Inc. and Its Subsidiaries
- A.M. Best Affirms Ratings of Sooner Insurance Company
- Paul Lazar Named Managing Director Wells Fargo Insurance in Alabama and Tennessee
PYMNTS Voice
Commentary » PYMNTS Voice
PayPal "Squared" Yields Triangle - And It's Blue!
So much for first-mover advantage. PayPal Here was unveiled today as not the first, not the second, and by many counts not even the third or even fourth small business solution designed to turn phones into POS terminals. And, based on what I’ve seen and heard so far, it was smart for them to wait. PayPal Here is a mash up of all of the “good” features of existing dongle-based solutions, and turbocharged with PayPal’s unique set of assets.
Karen Webster Sizes Up the Rapidly Changing World of Mobile Payments
Let’s play a little game after you’ve read all of these recent announcements.
Mobile Movers, Shakers and Shockers
I don’t know about you, but 2012 so far has left me a little breathless given the fast pace at which the payments industry has been moving since we all emerged from the New Year’s break. Maybe it’s the mild winter. No matter, the catalyst, not surprisingly, is mobile and the IP-enablement of just about everything that touches or influences commerce. This last week was particularly interesting given a few announcements from very different corners of the payments ecosystem about their payments strategy, not surprisingly, keyed to what they will pursue (or won’t) along the mobile lines. Here’s my take on last week’s mobile movers, shakers, and shockers.
B2B Payments Innovation: Back in the Spotlight?
There was a time not that long ago, when B2B payments innovation was perceived by many to be “out of vogue.” Back in the late 90s and early 2000s, B2B payments innovation was synonymous with an exuberant group of innovative B2B payment exchanges, marketplaces and hubs that failed spectacularly. Moreover, even the secular trends in payments over the last decade have made little impact in the dominance of paper-based payments, which still account for more than 80% of all payment transactions and over 70% of total payments volume in the B2B space. It is perhaps understandable that many entrepreneurs and innovators looked elsewhere for innovation opportunities during the last decade. In fact, with the exception of Remote Deposit Capture solutions, very little B2B payments innovation gained traction in the 2000s.
1 Million Acts of Payments Innovation: Capgemini on the Intersection of Developed and Developing Markets
The mobile phone is the first ubiquitous communication device in human history, paving the way for the most revolutionary event in the history of finance. As a consequence, mobile payments are an unprecedented opportunity to address four billion people in emerging markets.
P2P Odyssey Gets Bumpy
As you know, I've tried a couple different P2P applications, Venmo, ZashPay and PayPal. And I'm always on the lookout for the P2P mechanism which will win the P2P race. Recently, my P2P journey got bumpy.
Dangers of Assuming Invincibility - Could Your Firm Go the Way of the Typewriter Makers?
There was a lot of great stuff that came out of the Payments Innovation Institute at Harvard last week but two anecdotes that have absolutely nothing to do with payments specifically, I think, provide some of the more thought provoking insights around the pitfalls and promise of innovation. See if you agree.
"Googling" mPayments Ignition? Why Google's Wallet May Be the Top Search Result
- Ask the Industry: Will Google Wallet ignite mobile payments? Share your thoughts here.
Analysis: BoA, Chase and Wells Fargo Launch P2P Joint Venture
Despite the challenges faced by previous payments consortia (think Spectrum, Pariter and ISIS), many continue to believe that partnership and “co-opetition” are the best ways to compete in emerging payments markets, like online and mobile payments. On Wednesday, May 25, 2011, another formidable group – Bank of America, JPMorgan Chase and Wells Fargo – announced the launch of the joint venture clearXchange, which will enable their customers to move money using a mobile number or e-mail address. This announcement came a day before Google’s unveiling of their latest payment partnership with MasterCard and Citigroup, focused on mobile point-of-sale payments.
Analysis: Did Durbin Doom ISIS? Exec Reveals Reason for Strategy Shift
Hooray for the ISIS team for making the point that if Durbin is implemented as proposed, or close to it, innovation as we know it in payments will be decimated. John Stankey, AT&T's head of business solutions, said that Durbin’s impact was the reason for ISIS’ business model about-face and created the chain of events that lead to their strategy course correction. (Related article: CrISIS at ISIS?)
Most Popular
- Mintz Levin Ranks in Top Five Underwriter’s Counsel in Q1 2012, According to The Bond Buyer 45 mins ago
- S&P Capital IQ Initiates Coverage on Xplore Technologies Corp. in Standard & Poor’s Factual Stock Reports 48 mins ago
- A.M. Best Affirms Ratings of Sammons Financial Group, Inc. and Its Subsidiaries 58 mins ago
- A.M. Best Affirms Ratings of Sooner Insurance Company 1 hour ago
- Bloomberg Hosts State & Municipal Finance Conference in Chicago 1 hour ago
- Paul Lazar Named Managing Director Wells Fargo Insurance in Alabama and Tennessee 1 hour ago
- GfK Boosts Marketing Science Expertise, Innovation with Senior-Level Appointments 2 hours ago
- ADDING MULTIMEDIA GlobalCollect and Newzoo Join Forces to Provide Unique Insights into Video Game Monetization 2 hours ago
- A.M. Best Downgrades Issuer Credit Rating and Affirms Financial Strength Rating of West Bend Mutual Insurance Company 2 hours ago
- The Treasury Forecast: Cloudy With A Chance of Visibility 3 hours ago
- USC Keston Institute Hosts California Bond Forum under Halo of State Legislature’s Historic Action on Water Issues Nov 05, 2009
- 1-800-FLOWERS.COM Announces That It Will Not Renew Its Contract for Third-Party Administration of Its Membership Program and Will Eliminate Data-Passing of Credit Card Information Dec 23, 2009
- Hyatt Place® and Hyatt Summerfield Suites™ Reward Guests with $20 Prepaid MasterCard® Gift Cards Sep 29, 2009
- Heartland Payment Systems Announces New Time for Conference Call to Discuss Third Quarter 2009 Results Oct 30, 2009
- Consumers Entering Holiday Season More Joyful Than Gloomy with Plans to Give; Gift Cards Top the List Nov 16, 2009
- Clinverse Completes $2.2 Million Series A Private Equity Financing Oct 19, 2009
- Fitch: Phibro Acquisition May Create Additional Risk for OXY's Credit Quality Oct 09, 2009
- Experts Available to Discuss Preventing Identity Theft During the Holiday Season Nov 09, 2009
- Transcript: Warren Buffett on What's Next in the Payments Industry Oct 20, 2009
- ICBC, UMPay and American Express Launch China’s First Dual-currency, Mobile Payment Credit Card Nov 11, 2009
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
for pymnts
- @eBay @GSICommerce Inks Deal for #Commerce In #China http://t.co/XHXoETYv 11 mins ago
- @Target Brings @shopkick to Stores Nationwide http://t.co/G0zk4Q3M 40 mins ago
- Has The #NFC #Wallet War Already Been Decided? http://t.co/T9H79VyG 1 hour ago
- Former @Visa President and Innovator Awards Judge Hans #Morris Talks #Payments Success http://t.co/w8zWDrjZ 2 hours ago
- @CFPB Proposes Expanding #Regulation of #Prepaid #Cards http://t.co/0smPQtha 2 hours ago
2012 ach acquisition ad-supported advertising africa akerlof alternative payment alternative payments amazon amazon fps american express amex android api apis apple application applications at&t atm authentication automated clearing house b2b b2bsynergy banking bank of america barclays behavioral economics big bank excuse billmelater bing blackberry bling nation bloomberg bob dole braintree brian burnseed business business week business wire c$ cmoney capgemini capital markets summit card act cardholders card issuer card issuers card issuing card network card networks card reform cards carte blanche cartes & identification 2010 cash cass sunstein catalyst code catalysts cfpa cfpa act chase check card checks chicken-and-egg china china union pay cisco cloud computing code commerce compliance congress consolidation consumer consumer financial protection agency consumer financial protection board consumer loyalty consumer payments research center consumers contactless contactless cards contactless payments corduro credit credit card credit card networks credit cards ctia cup cybersource dan ariely daniel read data center david evans david s. evans debit debit card debit cards decoupled developer developers development device fidelity dick schmalensee digital media diners club discover disruptive disruptive technology dodd droid durbin durbin amendment e-commerce e-payment e-wallets ebay ebillme ecommerce economics economists economy eft electronic commerce electronic payments element payment services elizabeth warren encryption epayment epayments evans facebok facebook facebook commerce farmville federal reserve fees financial financial reform finovate firefox foreign networks frank frank parry futures g-cash gaming gao general accountability office gift google google checkout google wallet gopayment greatest developments groupon guest payments hagiu healthcare holiday hyperbolic discounting ibm icbc ignition ignition series ignition strategy innovation interchange international telecommunications union internet internet-based intuit invisible engines ipcommerce ip commerce iphone iphones ipo isis issuer jack dorsey jason diaz jcb international jibun bank john donohue joshua wright journal jp morgan justin fox karen webster kathy miller kenya law lending linkedin loyalty m-commerce m-pesa magnetic strip mag stripe magtek making credit safer manhattan mara airolki margaret weichert market platform dynamics mastercard mcommerce merchant merchants merger meters microsoft mit mobile mobile apps mobile banking mobile money mobile payments mobile wallet money transfer more than money mpayments mtn myspace national payment card near field communications network networks new businesses new business models newspaper publishing newspapers new york city new york times nfc nilson non-cash obama obopay oliver williamson online banking open platforms other p2p paas patrick gauthier payment payment card payment cards payment engine payment networks payments payments innovation paypal paypal here paypalx paypal x payroll paysimple payvment payware pci pci ssc peter guidi philippines pin platform platforms policy pos prepaid processing psychology pts publishing pymnts quattro reform regulation related publications retail revolution money richard thaler roam data ronald coase saas safaricom schiller schmalensee screening rules sdk search security senator durbin serve shane frederick shopping small business smart-phones smartphone smartphones social social commerce social network social networks software square standards start-up startup startup strategy strategy survey of consumer payment choice swipe fee target taxi taxipass taztag techcrunch technology the payments authority tim attinger traffic transaction costs transactions tsys twitter two-sided market two-sided platforms u.s. bank u.s. chamber of commerce user behavior validation verifone verizon virtual currency visa vivotech vodafone wall street wamu warren buffett washinton web 2.0 wells fargo western union windows wright wsj yahoo yes bank youtube zoompass zynga
