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 – […]

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 […]

Finovate hosted their spring event this week at the San Francisco Design Center, bringing together the latest and greatest innovators for payments and financial service technologies in a massive exhibition hall in the city by the bay. The San Francisco Bay Area has been a global leader in business model and technology innovation, giving birth […]

OK, I have to say that the news yesterday about ISIS did not come as a great surprise to me. We were pretty gloomy (even for us) on its prospects at the jump. This piece pretty much summed up our point of view on the joint venture and provided our initial take on the implications […]

Next to the content of bin Laden’s hard drive, what I’d most like to see today are the PowerPoint decks that led AT&T and Verizon to actually think they could start a mobile payments network. My guess is that between the two companies and their management consultants the following questions weren’t addressed or were glossed […]

Last week’s announcement of Visa’s strategic investment in Square set off a wave of news reports and blog posts about its implications for Visa, Square and the rest of the ecosystem. Most of the discussion was focused on the how much Visa invested (they say it was in the “single millions of dollars”) and speculation […]

On April 19 at the BayPay Forum on Mobile Payments in San Jose, the evening outside was calm, cool and quiet, with high clouds drifting across a full moon. But inside the Forum’s main hall, a quiet revolution was underway as clouds slowly drift across the face of NFC-enabled mobile commerce. Cloud-based payments and IP-enabled […]

Google has signaled that it will do two things no one else in the payments ecosystem has done or even talked about: make a business case for merchants and consumers around NFC and maybe even put some real money behind it. Google has obviously made a decision that NFC is an opening into something more interesting […]

Google and Apple made news last week when they announced their respective plans to help publishers monetize their content. Less than 24 hours after Cupid worked his magic on Valentine’s Day, Apple began a subscription payment service that lets customers pay for content that magazine publishers make available via the Apple app store. There are […]

Greetings to the PYMNTS. com crowd from the shores of the Great Salt Lake, where MPD is at the epicenter of the debate over the future of mobile payments and NFC (near-field communication) chip adoption in the US marketplace. The event is the Smart Card Alliance annual conference, the venue is the Marriott City Center, […]