If You Comment, They Will Tweet
Here are our top five tweets from the week that was. Keep tweeting, and we may feature you next Friday.
This is the first post-Innovation Project edition of Top 5 Tweets, so we’d like to lead off in this space by offering one final congrats to Pangea, Waspit and Leaf, the respective first, second and third-place winners of our “Best In Show” award. These three had to compete with 37 other extraordinarily innovative companies at our Innovator Expo, so coming away with these titles (and the prize money) is a pretty awesome achievement. You have plenty of reason to be proud, Keith, and we can’t wait to see what you and all the other companies come up with for IP2014.
If you missed Karen Webster’s latest piece on Google’s reorganization and what it means for Google Wallet … well … where have you been? This is one of the most popular pieces we’ve had on PYMNTS.com in recent weeks, with experts and average Joes from all corners of payments weighing in on Twitter. Here we see the Chief Ninja of LevelUp calling attention to Karen’s piece, and appreciate the mention from one innovator to another.
Aside from Al Gore’s opening, I’m not sure any panel at IP2013 received more attention than did this one, where Eric Ries, Mark Lavelle and others debated whether Ries’ Lean Startup strategy was applicable to an industry as complex as payments. Not all of the panelists agreed, and quite frankly this led to a better panel. If you missed out you should check out quotes from the likes of Ries, Lavelle, ROAM’s Ken Paull, ShopRunner’s Scott Thompson and others. It offers an interesting perspective into leadership in payments innovation.
This thought-provoking tweet comes to us via Margaret Weichert, managing director at Market Platform Dynamics, who gives us her take on how physical currency will continue to be important, event amidst constant innovation. Margaret also made some great points about IP2013’s final panel, “Innovating The Cash Economy And Serving The Underserved,” and it’s well worth scrolling back through her timeline a bit to see what she had to say. Yes, card payments are more popular and it may be true that mobile payments are the way of the future, but for billions around the world cash still reigns as king.
Finally, Starbucks led off the week with an eye-catching announcement, revealing that it now does $3 million per week in mobile transactions. There were no shortage of Tweeps out there who were impressed by that figure, and as Jim here points out, it shows the power of mobile payments when a company does them right. Of course, a massive deal with an mPOS leader like Square helps, too.
Have a good weekend, and happy tweeting!