Click here to download this article as a PDF. Introduction Over the past decade, mobile phones have emerged as one of the most ubiquitous technologies in human history. Today, billions of people in virtually every corner of the world have mobile phones. These devices...
Click here to download this article as a PDF. Introduction Every day, billions of payments transactions take place all over the world. In the United States, a typical consumer’s day comprises numerous exchanges of value as she buys her morning coffee, fuels her car...
Click here to download this article as a PDF. Editor’s Note Connections in the payment industry run deep. I met Tracey Kitzman the day that I reported to work in the chambers of a recently appointed judge to the United States Court of Appeals...
Click here to download this article as a PDF. Introduction The first decade has been an eventful and possibly watershed period in the Indian economy, with consistently high GDP growth, a mobile revolution resulting in over 700 million connections, rapid point-of-sale (POS), ATM and...
The Lydian Journal from PYMNTS.com publishes cutting-edge knowledge and commentary produced by the best thinkers from around the globe about one of the most important industries in the world. Each month, articles cover the topics that are top of mind for the industry’s most senior...
Click here to download this article as a PDF. Editor’s Note Nowadays, there is not a month without multiple announcements or rumors pertaining to new mobile payments or banking offerings. Excitement tends to run high when a major mobile platform player is said to...
Click here to download this article as a PDF. Editor’s Note A number of very large and significant platform industries are converging on a common opportunity – to create and grow consumer commerce. Payments capabilities certainly underpin this convergent trend. Yet increasingly, the power...
Click here to download this article as a PDF. Introduction Alternative currencies were initially considered to be anything other than locally accepted paper and coin tender. By the 1980s, credit cards became a standard payment mechanism and consumer credit a currency in and of...
Click here to download this article as a PDF. As Harvard academics like Cass Sunstein and Elizabeth Warren have joined the regulatory ranks of the Obama Administration, “behavioral” economics has come under increased attention. Behavioral economics – the idea that individual behavior departs from strictly...