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PYMNTS Voice
Commentary » PYMNTS Voice
Main St. vs. Wall St. - Which Does Online Innovation Hurt Most? (Answer May Surprise You!)
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0 comments | Read the full post Why Facebook is Ripe for CommerceI have always been up for a challenge. I read just last week a quote from someone from Forrester who basically said that anyone who believes Facebook is the commerce frontier is basically smoking something. (Well, what he said was that they had about as much credibility as the guy who bought billboards predicting the end of the world, so sort of the same difference.) And, since I was quoted earlier this year as saying that people who didn’t believe that Facebook was the commerce frontier were basically smoking something (what I said was that they’d be wishing for a Christmas miracle), I thought I’d better do something to redeem myself. Facebook Faces Payment Feud Down on the Farm(ville)There’s a feud taking place on Facebook. And, it’s about money. And, like most feuds over money, it’s about who pays whom and how much. And, just like the Hatfields and McCoys, the party that fired the first shot may have aimed at the wrong target and for all the wrong reasons. The New Age of Invisible Engines: How Software Platforms Will Drive Growth in the Next DecadeThe invisible engine model followed by Apple's iPhone has helped power the information technology industry for about three decades. Apple itself was one of the pioneers in encouraging developers to write applications for its desktop operating system. It invented the "software evangelist." Microsoft, though, was the maestro catalyst. Its Windows software platform attracted thousands of software developers and hundreds of millions of users. As a result it has been the durable center of a vast desktop-computer based ecosystem since at least the launch of Windows 3.0 in 1990. Invisible Engines tells the story of how software platforms have transformed industries including computers, video games, and handheld devices and then accelerated innovation. It then examines the forces behind the various business models that have been adopted in these industries. Many software platforms have decided not to charge developers while others have. Some have decided to vertically integrate into hardware while others have remained pure platforms. The Invisible Engines that Drive Innovation and Transform Industries
Search, Social and SwagLots of people have been talking about social sites cannibalizing search. I've addressed this in a prior post since it comes up a lot. eMarketer published a report today that has two interesting findings. First, Google, Bing and Yahoo have little to worry about. They still represent nearly all (like 97.8%) of the search traffic out there. No big surprise, but, here's the interesting part, those who "search" via social networks are often more loyal customers to the sites that are referred by them. PYMNTS.com launches at Lydian!What’s PYMNTS.com? It’s an online media channel that captures user-generated and expert-driven commentary, information, news and analysis on “what’s next” in the payments sector, worldwide. It provides a platform for industry professionals to share content related to their latest company and product developments, to tap into the collective commentary and analysis from experts, bloggers and industry pundits, and to interact with industry thought leaders and other influentials on topics of critical importance to the future of the sector. PYMNTS.com .delivers an important "first look" at what’s important to the sector, by those who are shaping its future. Why PYMNTS.com? We’re often asked to help our clients define ‘what’s next’ in the context of the new technologies, new entrants and new business models and observed an opportunity to aggregate user-generated and expert-opinion on those topics in an engaging medium. We believe that PYMNTS.com will play an important role in both stimulating and documenting the exciting developments that have and will enable commerce worldwide. We think it’s What’s Next in B2B communications … but don’t take our word, give it a try! Facebook Hits the PayvmentSo, here's a development: Paypal has opened up its payments platform to enable developers to easily integrate payment apps into their Facebook apps using PayPal as the enabling payments mechanism. This solution is designed to open up commerce on social networks and tap into the tens of millions of people who hang out there each month. The solution creates many, many winners, some unintended consequences, and one big loser. What Social Networking Means for Business and What the Future HoldsI was part of an interesting panel discussion on Saturday on what social networking means for business and what the future holds. This panel was part of the Harvard Business School’s African American Alumni Associations Annual Leadership Summit and included Kevin Colleran from Facebook, Laela Sturdy from YouTube/Google, Julitte Powell, entrepreneur and author of 33 Million People in the Room and myself as panelists. We covered a lot of territory in the 90 minutes we had to interact with each other and those who attended the session. Here are a few of the more interesting issues that we discussed. Flatlining or Finding Equilibrium?Interesting article yesterday on the notion that time spent on-line by adults in the US is flat, after years of rapid growth. The article cites a Forrester Survey that states web surfing now takes up about 12 hours of our week (double what it was in 2004) but did not see significant growth from last year’s survey. The interview by Ad Age of the analyst who authored the study ties the flat growth to users being more efficient with the web, so they don’t have to spend as much time figuring stuff out.
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