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News, views and my insight into (and opinion of) the growing Payments Industry
Browsing All posts tagged under »Google Wallet«
“Alternative Payment” Providers–Walmart, PayPal, Google and Facebook–are the new faces of money service businesses
The classification of a money service business (MSB) in the past has never generated positive connotations or excitement. Bankers audibly groaned when the those three words were mentioned. MSBs were often located in less than desirable locations and considered taking advantage of the poor due to the fees charged for payday lending and being havens […]
Just when you settled back with your popcorn and soda to watch the mobile payment and wallet competitors duke it out…
March 8, 2012
As reported by American Banker: “The (apple mobile payment) patent, which has been in the works for some time, covers a method to allow an embedded NFC chip to be used to execute mobile payments when an iPhone user pays at a point of sale terminal. The patented technology allows card companies to send information to […]
First to Market or Fast Follower? That is the Question.
February 16, 2012
Providers of electronic financial services have constantly debated the value and risks associated with being first to market. This is because the bar is set much higher for financial institutions and related companies to get it “right” the first time. Unlike some pretty famous software companies who have historically released software into the public for […]
So about van Schewick issues with Verizon blocking the Google Wallet.
December 21, 2011
Now here is an interesting twist on the story about the Stanford University professor who filed a letter with the Federal Communications Commission urging its investigation of Verizon Wireless’ blocking of Google Wallet on its newest smart phone (to Verizon’s reported refusal). Of course Verizon quickly countered with its own press release stating that it […]
For Bling Nation: Re-Thinking the business model is a good idea that will support their long-term success
June 8, 2011
A few months ago I wrote about how Bling Nation was a transitional mobile payment concept at best. As a matter of fact the concept never really took off because it required action both by the consumer and the merchant to use the sticker adhered to a cell phone! Now there is pending legislation geared […]
March 14, 2012
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