Post Tagged with: "mobile wallet"

The Mobile Wallet Hierarchy of Needs

The Mobile Wallet Hierarchy of Needs

by October 15, 2016 at 4:55 pm 1 comment

At the BAI Beacon conference earlier this month, I had the opportunity to hear Ron Shevlin talk about Maslow’s Hierarchy of Needs. He was talking about it in the context of “platformification,” but it got me to thinking about how we might leverage a similar analogy in discussing mobile wallets.Read More

The humble prepaid card is the bridge to digital payments

The humble prepaid card is the bridge to digital payments

by September 12, 2016 at 1:00 am 1 comment

Image source Q. What is a mobile wallet?  A. It’s a prepaid card without the plastic.  The future needs a bridge. That bridge is a plastic prepaid card. Consumers get used to the action of paying with electronic cash; the delivery innovation comes later. Think of Netflix starting with DVDsRead More

MasterCard CEO Doesn’t Understand ‘Exclusivity’ of PayPal-Visa Deal

MasterCard CEO Doesn’t Understand ‘Exclusivity’ of PayPal-Visa Deal

by July 29, 2016 at 12:02 pm 1 comment

PayPal and Visa jointly announced a deal last week giving PayPal access to Visa payment rails at the point of sale, and giving Visa cards preferential treatment within the PayPal environment. The deal is exclusive for 12 months, Visa CEO Charlie Scharf noted. The world found out yesterday what that exclusivity means for MasterCard:Read More

PayPal’s Future Will Be Built on Partnerships

PayPal’s Future Will Be Built on Partnerships

by July 22, 2016 at 10:58 am 2 comments

PayPal‘s partnership with Visa is only the beginning, according to CEO Dan Schulman. The payments industry was awash in rumors of a PayPal-Visa partnership this week, and yesterday, when both companies reporting their Q2 earnings, the rumor was shown to be true. Exact terms of the deal were not disclosed.Read More

Wells Fargo Wallet Goes Live on Android (Sorry, iPhone Users!)

Wells Fargo Wallet Goes Live on Android (Sorry, iPhone Users!)

by July 19, 2016 at 4:45 pm 2 comments

Another bank is live with a digital wallet. Wells Fargo & Co. joins JPMorgan Chase and Capital One in launching a bank-branded mobile payment platform, or digital wallet. These instruments for making transactions via mobile phone are meant to compete with PayPal, which has been abuzz lately with rumors of a possibleRead More

Visa Has Built Private-Label Wallet Apps for More Than 40 Banks

Visa Has Built Private-Label Wallet Apps for More Than 40 Banks

by June 8, 2016 at 3:54 pm 0 comments

Payments network Visa announced a private label digital commerce app yesterday, noting that more than 40 banks have already implemented it, or are soon to. Visa has said it will go to war with PayPal in ways “you’ve never seen before” — and it turns out one of those ways mayRead More

What will be the killer app for mobile wallets?

What will be the killer app for mobile wallets?

by May 31, 2016 at 2:30 pm 4 comments

If you are introducing a new platform, you need a “killer app.” These are applications so useful that people need the platform so they can have access to the app. VisiCalc and Lotus 1-2-3 were some of the first killer apps. All of a sudden, managers needed PCs so theyRead More

LG to Jump into Mobile Payments with All-in-One Card

LG to Jump into Mobile Payments with All-in-One Card

by May 23, 2016 at 12:09 pm 0 comments

LG Pay – the promised new entrant into the mobile payments space – has had the industry on hold for almost a year. LG would join gSamsung and Apple as handset manufacturers getting into phone-based payments. With a new banking partner in Korea, and a reported launch date in September, is LG PayRead More

Mobile Wallet Interoperability

Mobile Wallet Interoperability

by March 29, 2016 at 2:00 am 2 comments

Mobile wallets could finally break the dominance of Visa and Mastercard by evolving from P2P to C2M (Consumer to Merchant) and evolving from small transactions to larger transactions. That’s the good news. The bad news is that if network effects rule – and they usually do – we might missRead More

Can Apple Pay Beat PayPal?

Can Apple Pay Beat PayPal?

by March 24, 2016 at 1:09 pm 0 comments

Is the expansion of Apple Pay’s functionality to include website functionality enough to enable the tech company’s payments venture to top PayPal, the reigning king of mobile payments? Apple Pay will purportedly soon be available to shoppers using Safari browser on models of iPhones and iPads with Apple’s TouchID fingerprint technology. ThisRead More