Google Creating Platform for a New Mobile ECONOMY
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THE most bank friendly partner offering that will enable any bank to compete at parity with the NeoBanks. Continue reading
I’m more passionate about this topic than anything I’ve ever written about. As an eternal optimist I don’t see a world dominated by Google, Amazon, Chase and Walmart…. But rather a new economy where millions of small businesses thrive. Where … Continue reading
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For eCommerce/mCommerce merchants this may be the biggest “no brainer” since Cybersource offered to offload card processing/fraud risk management. This is a V.me killer… from both cost, and advertising perspective. Continue reading
The economic model in payment is the key to success. This is the V/MA innovation. Parties that own risk must be compensated for it. Successful payment networks revolve around a shared and enforceable definition of roles, standards, counterparties, trust and risk. These attributes and the operating model drive scale and participant investment. Regulatory-driven initiatives like SEPA, and PSD2 (open banking) have failed because of this dynamic. Continue reading
Bank and network earnings, FedNow launch, stablizing inflation, Fed and ECB rates increases, …etc. There are several excellent analysts for all the details. My takeaways: Continue reading
Federated identity has the potential to power payments, web3, DeFi and a be a significant new force in reshaping the large hubs which dominate today (ie Google, FB, Amazon, …etc), Continue reading
CBDCs in digital wallets reside on the central bank ledger and are not available to the commercial banks to lend. All else held constant, the decline in bank deposits and the corresponding decline in commercial bank reserves reduces available bank credit to the economy Continue reading
This is the last of my 5 part blog series that started over 6 months ago. Continue reading