As mobile begins to overtake traditional PCs, we anticipate a profound and widespread effect on the payments business. But what shape will it take? And where will it take hold? According a recent report from OnDevice Research, 38 percent of Chinese mobile web users only access the Internet via their mobile device. This is an
Read More
Let’s face it, the payment processing business is one of scale. In order to function profitably, a processor must charge a very little amount on a lot of transactions – a loaf of many crumbs. For that negligible amount the consumer, issuer and acquirer all get peace of mind that the transaction will be safe
Read More
The story in this morning’s Wall Street Journal (subscription required) that some very high-powered retailers are looking to ride the mobile payment wave is just the latest in a series. Every prospective player in mobile wants to stake out a claim. The story, however, raises more questions than it answers. Here’s the money quote: “The
Read More
