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PYMNTS Voice

NFC? Not Again! More on the Card Industry's "Betamax"

Posted by Karen Webster on 25 April 2012 | 11 Comments

Okay, Nick Holland – I’ve taken the bait. Your NFC media advisory today refuting the notion that NFC isn’t to cards what Betamax was to video was simply too good to pass by. You actually selected the perfect analogy. Here is my argument as to why it could end up just like it.

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Is Facebook a Massive Payments Company?

Posted by David Evans on 24 April 2012 | 0 Comments

You’d think so given its amended S-1.  It is on track to earn almost $1 billion from payments in 2012.  In the first quarter of 2012 it earned $186 million in payments and other fees. That was almost double what it earned in the first quarter of 2011.  If Facebook’s payments revenues continue to grow at this rate the company would have payments revenue of $978 million for 2012 and exceed $1 billion in 2013. And even if growth stopped dead in its tracks, and payments revenues just continued at the $186 million a quarter clip of the first quarter of 2012, Facebook would have payments revenue of $744 million at the end of this year. 

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Fed's Mobile Use Numbers—That Was Then, This is Now

Posted by Karen Webster on 9 April 2012 | 0 Comments

I participated on two panels in the 4th annual Mobile Contactless Forum held in San Fran last week (April 3-4). The agenda, speakers and turnout was really great. I thought I’d share some of my takeaways wrapped around some of my own remarks at the conference.

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Breaking the Groupon Habit, or, Making Merchants Money

Posted by Karen Webster on 6 April 2012 | 3 Comments

I was doing some work today on the social commerce application that we’ve been incubating and piloting here at MPD. The application is a SaaS-based toolkit that allow local merchants to capitalize on the online/offline commerce shift that we’ve been talking about for a long time, using mobile and social channels to enable that new commerce opportunity. More on that innovation in a later post, but a couple of things struck me like a thunderbolt as I reviewed our latest pilot results.

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Leave Us Alone, We're Innovating!

Posted by David S. Evans on 2 April 2012 | 1 Comments

Last week I was asked to give my thoughts on what the market obstacles are to payments innovation and what if anything the government should do about this.  The occasion was an excellent conference put on by the Kansas City Federal Reserve Bank.

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