There’s a lot of uncertainty, worry, and fear about regulation in the payments business. That was one of my takeaways from the 2-day conference on payments innovation MPD held at Harvard on November 4 and 5. People had been so focused on the Durbin devastation...
Walmart serves customers and members more than 200 million times per week at more than 8,650 retail units under 55 different banners in 15 countries. The company achieved fiscal year 2010 sales of $405 billion. However, Daniel Eckert (Vice President, Financial Services, Walmart) stressed at...
More highlights from the “How Understanding Consumer Behavior Can Help Indentify and Ignite Innovation” panel: Liza Landsman (former EVP and GM of North America Consumer Channels, Citi) shared her view that payments trends mirror the following law of physics – objects in motion tend to...
The Federal Reserve is set to release its 2009 Survey of Consumer Payment Choice (SCPC) next month. Scott Schuh (Boston Fed Economist and Consumer Payments Center Director) gave Institute Fellows a preview during the “How Understanding Consumer Behavior Can Help Indentify and Ignite Innovation” panel:...
They’re not hoping to win a record deal, but they are seeking legions of adoring fans and to be the next great payments business. CashStar (David Stone, CEO) Website: http://www.cashstar.com/ Highlights Industry’s first digital gifting and incentives platform that enables customers to email personalized gift...
“As payments people, we sometimes forget the relationship between the retailers and the consumers and software used to foster that,” said Chip Kahn (IP Commerce Founder & CEO). Exploring innovations at the point of sale (POS), Kahn suggested ideas for solving issues of consumer adoption...
“It’s a phenomenal opportunity and tremendous place where commerce is going to happen, certainly not in the next quarter, but… it’s going to be game-changing over the next few years,” said Karen Webster (CEO, Market Platform Dynamics). Webster’s presentation focused on innovation on and around...
Welcome back! Day 2 of The [Payments] Innovation Institute opened with a panel on three hot button issues for the payments sector: mobile, POS, and social networking. Andrei Hagiu (Senior Expert, Market Platform Dynamics) took Institute Fellows around the world to explore Japan’s complex eMoney...
To wrap up Day 1, the “New Payment Platforms for Innovation” panelists shared their ideas on the next great payments app that has yet to be created: David S. Evans (Founder, Market Platform Dynamics): An online competitor to PayPal for merchants who can’t or don’t...