Based on Apple’s press conference on September 12, their strategy can be described as: change customer behavior now, encourage an upgrade later. The Apple wallet going to be called, imaginatively, “Apple Wallet.” It works without an NFC chip, relying instead on geolocation to determine if an iPhone user is in the proximity of a compatible … Continue reading Five Reasons iPhone-5 Excludes NFC
PayPal Introduces ‘Bypass’ Model to Retail Payments
Twenty-five years ago, telecommunications was facing their biggest threat since deregulation, and most executives did not take the threat seriously. Ten years later, it had decimated international telecom revenue models and profitability. Today, it is the reason that most phone calls cost close to nothing. It’s called “Bypass,” and it has just appeared in the … Continue reading PayPal Introduces ‘Bypass’ Model to Retail Payments
Contactless EMV – What is the Value to Retailers?
Retailers often ask, “What new POS equipment should I buy?” My answer has been the same for almost 4 years: “Nothing, yet.” My logic is this: The upcoming liability shift occurs in October 2015 for merchants that have not deployed EMV. So, any retailer that wants to accept Visa, MasterCard and/or Discover after October 2015 … Continue reading Contactless EMV – What is the Value to Retailers?
Whitepaper: Google Wallet and the New Payments Ecosystem
Mobile payments is starting over. When the Google Wallet launched on September 20, 2011, the first test of a remarkable new financial ecosystem began. But despite the apparent success of traditional mobile payments products like M-PESA in Kenya and South Africa, Google and rival Isis have decided to rewrite the business model – and for … Continue reading Whitepaper: Google Wallet and the New Payments Ecosystem
Tribute to Steve Jobs 1955-2011
Update to previous post:Steve Jobs passed away Wednesday October 5, 2011. Farewell, and thank you. Here is the original post from August 24: Steve Jobs, legendary of Apple Incorporated, resigned today as CEO. The Board of Directors of Apple named him chairman, then named Tim Cook as the new CEO according to an article that … Continue reading Tribute to Steve Jobs 1955-2011
New Mobile Commerce Industry Outlook Presented at PrePaid Press Expo in Las Vegas
A detailed forecast and quantitative analysis of the emerging Mobile Commerce industry was presented and discussed at the Pre Paid Press Expo in the Paris Hotel in Las Vegas, and the results were remarkable. Mobile payments and mobile commerce have become different products, applicable to different markets. One of the key differences is the use … Continue reading New Mobile Commerce Industry Outlook Presented at PrePaid Press Expo in Las Vegas
DIY CyberGuy with David W. Schropfer 