Innovation, Security And The Pope: The Week That Was In Payments Tweets
Here are our top five tweets from the week that was. Keep tweeting, and we may feature you next Friday.
This insight comes from Innovation Project 2013 participant OneID, who comments on this report we ran showing digital wallet adoption to be lower than you might think. OneID raises a good point here, especially considering that only 29 percent of those surveyed said they had no concerns over using a digital wallet to make a purchase. It will be interesting to watch how digital wallet companies attempt to prove to consumers that they’re secure in the coming months.
One of our favorite stories of the past week came courtesy of TSYS, who outlined their ongoing project to bring more financial inclusion to the enormous unbanked population in India. As Kristian notes, the biometric program TSYS is using in conjunction with Visa shows majors promise, and the Indian government predicts it could lead to financial service for 600 million Indians by 2014. If you missed the story when it first ran, be sure to check it out here.
We asked for feedback to a story about the city of Oakland’s plan to combination municipal ID/prepaid cards, and Andrew provided the best. His point that the fee structure – which you can read about here – seems a bit exorbitant is a valid one, and it’s nice to get some reaction from those who would be directly impacted by the program. It’s still an interesting concept though, and if you’d support a program like this in your city, let us know.
@csledge: No credit cards accepted in Vatican City, and now no pope. They should start selling gold from St. Peter’s Basilica to that pirate on TV.
Terribly timing here from Colby, as one day after he sent out this tweet, the Vatican announced they were back in business to accept credit card payments, having served out their six-week sentence ban by the Bank of Italy. The Vatican has switched to Swiss card payment service Aduno for it’s processing now in order to avoid penalties in the future. Anytime you can link the Pope and payments, you know it’s been a good week.
We thank John for his framing of our Innovation Project, which now lies just a month in the future. You may have seen the #IP2013 hashtag pop up on our Twitter feed now and again, and we encourage you to engage in the conversation. Whether you’ll be at the conference or just want to learn what the leaders of the payments industry are thinking, IP will provide plenty of content for your reading pleasure.
Have a good weekend, and keep tweeting!