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Google – Real Time P2P – Rumor
Summary
UPDATE – I no longer beleive P2P is focus, but rather Request for Payment and merchant integration. Blog forthcoming today.
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I have no idea what this looks like, so congrats to Google for keeping this locked down. The following is my best “guess” on a pilot, based upon:
- What Google has launched internationally (Tez) and GPay through India’s UPI (highly recommended read here)
- Changes/Focus Bill Ready put in place before his departure as new CEO of Pinterest. Remember Bill was CEO of Braintree (the most significant acquisition PayPal ever made). Braintree enabled payment APIs for online and mobile merchants (among other things).
- Prior to Bill, Google’s support and advice for FedNow (see article)
- Understanding of what Banks want to accomplish (ex TCH tokens in mobile phones).
- My short time in Google during the creation and launch of Google Wallet. Particularly the exec team’s desire for a global P2P service.
Retail Banking’s “Blockbuster” Moment?
Last week, in his annual shareholder letter (page 28), Jamie Dimon stated “Banks have enormous competitive threats — from virtually every angle,” he said. “Fintech and Big Tech are here… big time!”
Chase Net 2017
Its tough to find time to Blog as a CEO…. Most of you my blogs are sometimes snarky and tactless (making NOT offending someone a new consideration).
I was taking a look at JPMC’s latest investor presentation and noticed that ChaseNet is gone.. Why? I’ve written on JPMC and ChaseNet a number of times over last 6 yrs. Today I’ll cover my views on the latest developments and my views on JPMC’s ChaseNet strategy. Lets recap first:
Data Leakage
10May 2016
Great article in the New York Times this weekend: Jamie Dimon Wants to Protect You From Innovative Start-Ups. Believe it or not I agree with Jamie.. consumers have NO IDEA of what they are giving up. There must be a chain of control on regulated data..