If Apple’s mobile wallet Apple Pay is successful banks will be the big losers.pdf
Discusses Apple Pay’s prospects and impact on players across the payments value chain and contends to the extent Apple Pay is successful it will capture additional economics from bank issuers and diminish their payments customer relationships.
President Trump tags the credit card industry as a villain
America’s credit card industry is the most competitive in the world and delivers enormous value for consumers and merchants ranging from mom and pops to Goliaths like Walmart and Amazon. There are four national general purpose credit networks Visa, Mastercard, American Express, and Discover. Roughly 3,700 financial institutions issue credit cards. Consumers enjoy a surfeit […]
Read more...Europe’s largest payment processor Worldline faces a reckoning
The storied European payments consolidator Worldline’s stock is down a mind-bogglingly 96% from its April 2021 high. The market is worried about its lack of growth and sources of revenue. It cries out for an intervention. Worldline’s new CEO Pierre-Antoine Vacheron has a short window of opportunity to change its trajectory. If he doesn’t, private […]
Read more...Why do Europeans use more cash than Americans?
Cash use by country varies enormously. While its use has been falling on both sides of the Atlantic, Europeans use considerably more cash than Americans. Higher taxes and greater tax avoidance, culture, and lower consumer incentives to use electronic payment systems, contribute. The ECB’s “Study on the payments in the euro area 2022” reported that 59% […]
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