According to The World Economic Forum, 1.7 billion adults don’t have access to bank accounts. Since starting at MasterCard in 2001 and throughout my time at Citi and American Express, I’ve seen “the unbanked” on almost as many slides as “data”. Both, were supposedly huge, untapped opportunities. (And at ruthlessly pragmatic financial firms, they shared the […]
Do The Poor Need Bank Accounts…Or Something Else? Read More »
There has never been a more exciting time in payments. Let me re-phrase that. There has never been an exciting time in payments. But if you read tech blogs lately, you’d think we were moments away from revolution. Unless the oppressed proletariat can pay with iPhones, they’ll start pummeling Nobu waiters with pearl-encrusted Prada bags.
Deconstruction of Apple Pay and the many unexpected deals its success will unleash. My old colleagues at American Express and MasterCard might not be thrilled.
Part II – Deep Dive: Apple Pay and The Strange Bedfellows Analysis [Patreon-Only] Read More »
With rabid coverage on every major tech site, only Turkish prisoners and my parents could have missed the most important product launch in startup history. No, it wasn’t a cure for cancer or even irritable bowels . It was Coin. What is coin? As if you didn’t know… It’s an electronic payment card that stores
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
Why Walmart and Other Retailers Are Muscling in on Mobile Payments Read More »