#DAILY2CNTS – Week of 6/27

Friday, July 1, 2016:

“Play by the rules,” we are told as kids (and adults). “Break the rules” innovators often say when pursuing new ideas. But what they should really be thinking, instead, is how to apply technology to reinvent the status quo – while playing by the rules. If you need convincing, just look at the fallout that happens when that isn’t the case – Theranos, Lending Club, and Ethereum.


Thursday, June 30, 2016:

Uncertainty creates huge frictions in payments. It’s why Apple Pay struggles to get traction, why plastic still rules at the POS and why London Fintech is in an uproar right now. Innovators need to consider the degree to which their “next big thing” introduces uncertainty and their plan for getting consumers and businesses over the uncertainty hump and onto something different and even potentially more valuable.


Wednesday, June 29, 2016:

What’s the key to getting mobile payments traction? Don’t make it about payments.

Tuesday, June 28, 2016:

Technology can do lots of cool things, but it can’t change the fundamentals of a business. Lending is about risk, pricing that risk properly and managing that risk effectively. If true, the latest Lending Club allegations (this time from the company itself) make it seem more like a technology-enabled good old-fashioned consumer finance play gone very, very bad.


Monday, June 27, 2016:

Uber’s move to make pricing transparent says that consumers really like it when making a payment is invisible, but they don’t like it when how much they’re spending is invisible. Innovators need to strike the right balance.


Latest Insights: 

The Payments 2022 Study: Building A High-Performance Payments Team For Fraud Detection, a PYMNTS collaboration with Stripe, examines how digital platforms of all sectors and sizes plan to develop their anti-fraud teams as part of their their broader growth and development strategies. Drawing from an extensive survey from approximately 250 payments heads at digital platforms in the U.S. and abroad, our study analyzes how poor anti-fraud capabilities can harm platforms’ long-term growth strategies, and how they can build high-performing teams to tackle these challenges.

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