Facebook wunderkind Mark Zuckerberg and his partners made it look easy. The social networking platform ignited almost immediately after it was introduced at Harvard College. It didn’t take many friends seeking friends and guys seeking girls and vice versa to create enough “fissionable material” as...
Remember the kid’s story “The Little Engine That Could.” That describes what goes on with a lot of startups in two-sided markets. The train is trying to get up the mountain, but it needs to accelerate to offset the force of gravity that’s pushing it...
Hard data are not available but based on my experience billions of dollars each year go poof in the payments industry from investments in products that crash and burn soon after launch. These products didn’t have a sound ignition strategy which should be the foundation...
June 30, 2011 Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications...
MasterCard’s new In-Control Card (the name speaks for itself but more details on their Product Profile)–illustrates the good side of behavioral economics. Behavioral economics is the new (within economist-time) field that studies how and why people act the way they do and tosses out old...
With almost 90% of payment transactions in India done in cash, there is little doubt that alternative payments have taken a back seat. Recently, banks have begun to promote electronic payment with efforts to tip the scale. Get the Full Story Complete the form to...
In this exclusive NEXTcast interview, David S. Evans is joined by Jing Yang, Director of Corporate Strategy at TSYS. Jing has had numerous roles since joining TSYS in 2001, most notable was her role in the establishment of CUP Data, TSYS’ joint venture with China...
Judging by the breathy press reports yesterday of the new, sort of, kind of, maybe joint venture between mobile behemoths AT&T and Verizon (with T-Mobile in the mix too) MasterCard and Visa are sitting around conference tables today white-knuckle-gripping their blackberries and iPhones. Bloomberg first...
In this exclusive NEXTcast interview economist, Philippe Bergevin joins David S. Evans to discuss what’s next in the Canada debit card market. Philippe weighs in on how the entrance of MasterCard and Visa and disrupted the debit card market in Canada and what’s next for...