Why did consumers willingly dump their feature phones and blackberries for the iPhone yet they still write checks and pay with cash? Charles Duhigg, in “The Power of Habit,” makes the following assertion: Habits are formed in response to different triggers – cues – that...
03 March 2014 We’re T-minus two weeks and a few days until the March 19 kick off of Innovation Project 2014. It’s been a real thrill over the last few months to get inside the heads of the innovators who will be speaking, participating in...
04 March 2014 Here’s our Startup Roundup: a (close-to-) comprehensive list of each of the startup companies in payments and/or e-commerce to receive at least $1 million in funding from equity investors in 2014. We’ll update this list regularly, with funding dates, amounts, and quick...
05 March 2014 RadioShack reportedly appears to be struggling to compete with the Big Box retailers, including Best Buy. The electronics-store chain announced March 4 that it plans to close up to 1,100 poorly performing stores, or about 20 percent of its stores, because of...
By Gloria Colgan, Managing Director, Market Platform Dynamics (@gkcolgan) Ah, the challenges of commercial prepaid. When JPMorgan Chase recently announced the potential sale of its government and commercial prepaid card business, it made big headlines. Chase has a massive portfolio from a prepaid perspective –...
By: Eileen Goode (@eileengoode) Legalized for medical consumption in 20 states and for recreational use in Colorado and Washington, marijuana is still federally classified as a Schedule 1 narcotic. And federal rules prohibit federal banks and credit card companies from processing pot-related transactions. As such,...
By: Eileen Goode (@eileengoode) When businesses are paying each other, checks remain the dominant vehicle, representing on average nearly half of all B2B payments. Their primacy, however, is slipping. In 2004, 81 percent of payments were made by check, but by 2013 the rate had...
U.S. consumers who conducted holiday shopping at Amazon or L.L. Bean were the most likely to be satisfied with their experience this past holiday season, ForeSee’s newly published E-Retail Satisfaction Index indicates. Released on Jan. 7, the 61-page report drew from more than 67,000 customer...
China further solidified its position as a market that could greatly impact payments in 2013. Those who require proof need only look at how China’s love affair with bitcoin drove the price to more than $1,200, only to send it back down amid escalating regulations...
