Tag Archives: Isis

Return of NFC: Curse of the Secure Element

Return of NFCThis post is in response to the recent Bankinter story of NFC payments at the point-of-sale without requiring SE – and the lack of any real detail around how it plans to achieve that goal. I am not privy to Bankinter’s plan to dis-intermediate the SE, but as I know a wee bit about how NFC works, I thought a post would help in clearing up any ambiguity as to how Card emulation and Host Card emulation differs, upsides, challenges – the whole lot. Continue reading

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MCX – MerChants reduX

mcx-logo-leadMCX – MerChants reduX: Recently, I spent an hour chatting with friends of mine who launched a small business about what worked and what didn’t. When the topic veered off to card acceptance costs, the reaction was visceral – one of absolute loathe and the struggle to understand the myriad ‘Do’s and Don’ts’ of what cards to accept, and how to accept them. In the end, they had swore off Amex cards because the acceptance cost was above their product margins. I told them about Square and how it could allow them to continue taking Amex and pay a lower rate. But that had me thinking about MCX and what it could mean for small businesses. The post that follows is a collection of thoughts around MCX, why it deserves respect, and yet how it is indeed mortal and bleeds like all others. Continue reading

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Let’s talk about Fraud

I am in Vegas and I am fascinated by my room key. This is not the usual “insert in to the slot, wait for it turn green or hear it chime” key cards, these are “tap and hold to a door scanner till the door opens” RFID key card. It is befitting the event I am about to attend – Money2020 – the largest of its kind bringing together over 2000 mobile money afficionados, strategists and technologists from world over for a couple of days to talk about how payment modalities are shifting and the impact of these shifts to existing and emerging players. Away from all the excitement of product launches, I hope some will be talking about one of the major barriers for consumer adoption towards alternate payment modalities such as mobile – security and fraud. Continue reading

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Isis, It’s not you…It’s your business model.

It’s good to be back. Quick update, in case you missed it in three different places: I am now focusing on Mobile Payments and Banking as part of Experian’s Global Consulting Practice, which offers me myriad opportunities to see up close why banking and payments in particular remain spectacularly oblivious of the creeping threats of disruption. But today, I couldn’t have found a more better topic to wet my parched throat than the story of the comeback kid – Google Wallet. Continue reading

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Moving Beyond Lip Service – Mobile Wallets & Under/Unbanked –

Everyone and their uncle are tripping over themselves in a race to launch a mobile wallet or at least talk about an intent to produce one in time. Judging by the number of initiatives out there (or soon to be), it would seem that unbeknownst to me, there is a direct correlation between kickstarting adoption and the number of choices available to a consumer (higher the number of choices, quicker the adoption). If there is, then do point it out to me. Continue reading

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Wake up, Google!

The last few weeks/months, we have all seen a glut of news and opinion pieces mourning the decline of Google, as if it were already dead and buried. I offer a slightly different viewpoint below, and a more focused one, around its mobile commerce strategy. There, I believe Google is now at an inflection point, where the choices it make shall determine if it could successfully transition from online to mobile, or whether it will resemble Microsoft in its glory days, failing to understand or monetize on the opportunities that lay before it in the early days of internet. Continue reading

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Carriers: We are here to help!

MWC being in full swing, has brought a truck load of new product launches and partnerships(too many that they start blending with each other to form one amorphous blob). But what caught my eye was an announcement from Jason Donovan, an AT&T executive on how it is considering a way to let app developers pay the cost of the data traffic associated with its usage instead of passing on the burden to subscribers. AT&T believes that it will roll out this service sometime in 2013, and that there is already rising interest from companies that hope to rely on this the feature to incentivize customer adoption. I believe AT&T is right in that there are firms who believe this to be a good thing. And one among them would be Isis. Let me explain why, before delving in to why overall this has the potential to be a really crummy idea. Continue reading

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Did Google Wallet land it’s Second US Carrier – AT&T?

After the brouhaha over Verizon Galaxy Nexus and Google Wallet a few weeks back, it seemed that none of the Isis Carriers will allow Google Wallet on their networks. Sprint, absent from the Isis partnership has, and is a Google Wallet partner. But this past week, news emerged that Google Wallet can be installed and works on the Galaxy Nexus in the AT&T network. Is this evidence of AT&T warming up to Google Wallet and signal the coming of Google Wallet on other AT&T NFC equipped phones?

Sorry to break your bubble, but the short answer is NO. Continue reading

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Google Wallet, Meet me at Camera 3

I really didn’t intend this to be my next post on the DROP Labs blog. I was not planning to write about Google Wallet – again. I have an unhealthy obsession towards it, evidence of which can be found here, here, and here. After the last one, which chronicled my On the road experiences, I pretty much decided not to write about it for a while. There were other things I wanted to write about – Issuer strategy on mobile wallets, Ongoing turf battles between Platform providers/Manufacturers vs Carriers, and then it happened again. Continue reading

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On the road with Google Wallet


I rode about 900 miles in the last four days, cutting across Virginia, Maryland, Pennsylvania and New Jersey to be together with my family for Christmas. I figured this would be a good time to put my new Galaxy Nexus and the Google Wallet app through its paces. Following are my impressions from it, which as a whole was very cool and satisfying. But (and there is always a but..) it also brought to surface some serious handicaps, which though not Google’s fault, could bring its wallet initiative down like a lead balloon. Continue reading

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