MasterCard Gets Closer to “Replacing the Fat Wallet”
Here are our top five tweets from the week that was. Keep tweeting, and we may feature you next Friday.
@MasterCardNews: #MobilePayments”¬ are replacing the fat wallet with help from @DeutscheTelekom http://bit.ly/LqNxkY
This was an easy choice: MasterCard had arguably the week’s biggest payments news, and we can almost feel our backs hurting from sitting on too big a wallet like in that Seinfeld episode. On a more serious note, we did manage to talk to MasterCard’s Mung Ki Woo about this partnership for more information, should you be interested.
@AlternetSystems: Bodes well for ”ª#mobilewallets”¬ RT @pymnts: ”ª#Prepaid”¬ ”ª#Spending”¬ Could Rise to $247.5 Billion in 2012, Study Says http://ow.ly/c1ZZ9
This is interesting: Alternet sees gains in prepaid as a boost for mobile, where conversations about stored value cards are usually more about consumer type (underbanked) than form factor. Do you agree with this assessment?
@ControlScan: 86% of plastic card fraud happens online in U.K. http://bit.ly/O0256k (via @pymnts). < A growing problem that operates independently of EMV.
Indeed, no matter how secure the payment card gets, online payments fraud seems to be on track to continue growing.
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@tristan: Solving real problems isn’t always achieved by building a product. Sometimes the right thing to do is to remove, not add.
Minimalist business strategy from an unsurprising place: that Twitter account belongs to Tristan O’Tierney, a co-founder at Square. He sounds just like his colleague, Jack Dorsey, who in a conversation with Charlie Rose said that some of the best innovations are the invisible ones.
@Mint just helped me catch a significant bank error. Bank recorded withdrawal to our savings acct instead of other person. Teller typo.
With so many electronic payments issues occurring across the globe, it’s good to see one piece of payments technology helping consumers keep their ducks in a row.
Happy tweeting, loyal readers.