innovation

Why Walmart and Other Retailers Are Muscling in on Mobile Payments

Having led innovation at Amex, MasterCard and Citi, I know where the bodies are buried. I also know that payment wars aren’t just about fees anymore. That’s so 1990’s.  Years ago, when Walmart threatened to enter payments and banking, incumbents nearly soiled their Hanes. After a little sword-fighting, providers slashed their margins so thin, big

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Michael Jordan and Blackberry: When a Reality Distortion Field Malfunctions

RIM’s stock is down 13% since yesterday, when the company promoted a company insider to  CEO. In a well-run company, that’s called “succession”. In a struggling company bleeding share, it’s called “delusion”.  To add to to the insanity, the co-CEO’s loom in highly visible roles including the ironic “Head of the Innovation Committee”. The market

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How Killing the Angry Bird Will Save American Entrepreneurship

Hyper-connected tech blogger Robert Scoble, recently wrote about treating startups more critically.  Robert found himself meeting with lots of crappy, over-funded, digital startups that desperately need more time in the oven, an intervention by Dr. Drew, or more likely, Dr. Kevorkian. (My words, not Robert’s.)  Not only am I seeing the same things, but I’d take it a step further. I

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