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 – Fed Memo on Debit Regulations – Fed’s Full-Length Report on Debit Regulations Whew, at least it’s over! Two months after they were due under the Dodd-Frank Act and about three weeks before they were supposed to go into effect, the Federal...
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. PYMNTS.com asked David S. Evans to speak with...
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...
If Senators needed any further reason not to vote for the misguided Dodd-Frank bill two stories over the last week should have pushed them into the NO column. The first was the jobs report. Unemployment remains high at 9.5 percent and job growth is anemic....