Tag Archives: Payments

The diminishing aura and utility of Coin

Coin

Much has been written of late, about Coin and its peers. Coin, Loop and others are worthy emerging players who have focused on innovating on the edges of the current payments framework – and consider convenience a more lucrative goal vs disrupting it altogether. Despite bank’s aversion to having their brands wrapped by a 3rd party – Coin and its peers have much consumer support. I have little to say about the product as-is – I think it’s a sexy widget, but for me – I am too cheap to pay for a plastic replacement when I carry around one already. However I believe they are intentionally evasive when it comes to their respective roles in an EMV landscape. Much of that follows focuses on Coin, but really – applies to Loop and others as well. Continue reading

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Apple in Payments: Bluetooth Edition

bluetooth

This is the Part II of my Apple in Payments take – and it’s early because of the leak last week around Apple’s MFi program. In the first half of my take, I had touched upon Apple’s program for 3rd party hardware attachment market as being significant and likely to be a key aspect of its payments approach. So below, I will cover more on the approach, how Bluetooth will be the standard of choice – not NFC, and how Apple plans to secure Bluetooth enough to be able to handle payments. Continue reading

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Apple in Payments – A Disruptor’s dilemma

signatureThis post is an attempt to look beyond what the presence or absence of any specific radio in iPhone6 may mean to Apple’s intent in Payments and instead – provide some color around three things that are part of this debate: a) Bring 800M credit cards on file in perspective b) Address the question of radios on the device – a topic that has a disproportionate share of the debate and finally c) Consideration of steps made by Apple to secure both iOS and its devices as waypoints in its payments journey. Oh wait, that last one is not part of the Apple payments debate today. I believe it should be. Read on to see why. Continue reading

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Tokens and Traditionalists

Stop-Hating_1066824Two recent comments led to this post. One is by David Marcus of Paypal who long held fast to his belief that NFC based payments had high barriers to entry – cost, complexity while offering very little upside. Paypal’s position on NFC (Not For Commerce) had always been a bit zealous – understandable as in a world of Secure Elements – Paypal (and many others) could not meaningfully participate. But Marcus’s recent post is an attempt to view NFC/HCE as one of the three trends that could transform the retail payment experience – is a pragmatic view to a complex and heterogeneous retail environment. Marcus speaks on how Paypal has come to adopt a cautiously optimistic view of NFC/HCE, now that there are no gatekeepers extracting a toll and because HCE (thanks to SimplyTapp) finally offers a level playing field in the Android ecosystem. Continue reading

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MCX Part II – Waiting to Exhale

Solipsism of Payments

For an ecosystem that has been described as unfair and out of balance, creating a prevailing atmosphere of mistrust, the payments industry should really look to the MacWorld Expo of 1997 for lessons to its future.

“We have to let go of this notion that for Apple to win, Microsoft has to lose.”

What Steve Jobs meant was that for Apple, this was not a zero-sum game. Apple dominated in the years since, by creating new markets, and devices that captured both minds and marketshare. Continue reading

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Square Cash is a Head Fake

What follows is a collection of my thoughts, tweets, emails on the launch of Square Cash. I welcome your thoughts below.

First up, it’s not just Square Cash. The whole P2P space is a head fake. But let’s focus on Square. Continue reading

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Vinod Khosla on Retail & Emerging Payments

It was Vinod Khosla’s Cliff notes on “What makes entrepreneurs entrepreneurial” that turned me on to Dr. Saras Sarasvathy’s brilliant paper and other works on effectual reasoning vs causal reasoning. Likewise, he is prescient in his post on Techcrunch about the areas in mobile and internet today that are silent performers. And alongside the well known areas and ideas such as Big Data, Data Reduction, Internet of things, I found the following section(s) that I have reproduced below: Continue reading

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