As my good friend Andrew Curry (@nextwavefutures) says, Apple Pay is a sheepdog, not a wolf. It’s not disrupting or displacing anyone in the payments value chain. But that doesn’t mean that it couldn’t.
Banks could be sheepdogs (like Apple)
Tag: payments
The new PSR’s priorities
The UK’s new Payment Systems Regulator is now open for business. I imagine that their highest priority work stream will be around access to payment systems, because this is what “challenger” banks need in order to create the more competitive environment that the UK Treasury wants.
For the Chancellor’s cheque-list today
Why are people who use debit cards, PingIt and other modern contrivances required to pay for people who want to mess around posting pieces of paper to each other? It’s time to either draw a line under cheques or shift to full cost recovery pricing on cheque books.
Payments back up
Businesses should surely have some sort of back-up plan to move to if their card payments go down. It’s really not that complicated and there are plenty of ways to take electronic payments.
What is the right innovation paradigm around banking?
What’s the big picture around banking, payments and innovation? Maybe the new paradigm will be the bank as facilitator of innovation rather than innovator. Maybe we want banks to be boring and efficient.
Taxi drivers, cash-replacement and laundry
Taxis are a such an interesting case study when it comes to exploring the future of mass-market retail payments that I can’t help but be fascinated by them and their use of new technology.
The value in payments (isn’t payments)
If it is true that transaction fees for payments are going to continue to fall, then what transaction fees will merchants pay instead?
Bitcoin is the start of disruption
Here’s another way of looking at things. Bitcoins aren’t really money, they are a way of keeping score.
In payments, the US is an emerging market
There are people trapped in the cash economy all over the developing world, but there are people trapped in the cash economy in the developed world too.
Speed is just a question of money (except when it comes to payments)
People spend a lot of money to send financial data faster and faster.
