PayPal and VeriFone: Subtle Announcement, Sweeping Implications


Enjoy your holiday shopping this year; it could be the last time you reach for your wallet to pay for all of those gifts. A week ago, conventional wisdom would have dictated that Americans would need to wait at least five years before such a reality were even possible, never mind widely available. On October … Continue reading PayPal and VeriFone: Subtle Announcement, Sweeping Implications

Verizon vs. Visa: The Battle For Your Wallet


The market tests that are planned for Texas and Utah, and the test that is already underway in Sitges, Spain are on the front lines of the battle to define how mobile payments will work in the future. Today, your Smartphone can be used to buy things at some stores and restaurants. In the near … Continue reading Verizon vs. Visa: The Battle For Your Wallet

Can Visa, MasterCard and AMEX Become Extinct?


Absurd? Maybe not. Visa, MasterCard and AMEX and their peers are acknowledging a serious threat in the future: the Smartphone. All of these companies make their money by taking a very small percentage of every transaction that uses their services. But what if you could complete a transaction without their services? What if you could … Continue reading Can Visa, MasterCard and AMEX Become Extinct?

Bricks, Not Bits, Will Drive the Mobile Wallet


The most widespread misconception about potential of M-Commerce is that it will primarily be a way to shop online.  But, online retail accounts for only about 4% of all retail transactions today, and will probably grow to about 8% by 2014. While the growth rate is impressive, the fact remains that brick and mortar retailers … Continue reading Bricks, Not Bits, Will Drive the Mobile Wallet

Your Wallet and the Basel III Accord


The fundamental issue of the credit markets today involves availability. That single issue affects you, me, the respective companies we work for, and everyone we know. If financial institutions are willing to lend, and lend freely, and we benefit. If not, capital becomes more expensive, and the growth slowdown occurs. True? Not entirely. We’ve seen … Continue reading Your Wallet and the Basel III Accord

Migration from the Wallet to the Smartphone: Barcodes


Do you carry any barcodes with you in your wallet?  What about your keychain?  Take a look and count all of the loyalty cards, membership cards, coupons, and all of the other places were a barcode me here. I found four in mine, and I have thrown them all away in lieu of one of … Continue reading Migration from the Wallet to the Smartphone: Barcodes