McDonald’s (MCD) has had a difficult two (plus) year period, and the CEO during that period (Don Thompson) will not be part of any potential recovery as he was replaced last night by the company’s Chief Brand Officer, Steve Easterbrook.
With its announcement of Snapcash on Monday, Snapchat (with a $10bn valuation in its last funding in August) enters the market for integration of social media and person-to-person (P2P) payments in competition with PayPal’s Venmo (which handled over $300mm in
Financially, the argument for splitting eBay and PayPal is stronger today than in the past because eBay now accounts for less than 30% of PayPal transactions (versus over 70% a decade ago) and because PayPal is so relatively large (accounting
Yesterday, WMT announced it will distribute GoBank, a mobile-only checking account offered by GDOT, which is exempt from the Durbin cap on debit interchange because of its size; with assets of less than $1bn, GDOT’s bank subsidiary, Bonneville Bank (a
Below, we address some investor questions that have arisen since Apple Pay was announced on September 9th: Apple Pay is a Catalyst for Mobile Advertising: The card swipe is broken because it does not provide easy authentication for m-commerce purchases
APPLE PAY, PASSBOOK, AND THE CONVERGENCE OF PAYMENTS AND MARKETING – CONFERENCE CALL, DATE TBD 1. Mobile wallets are as much about commerce and advertising as payments; a chip, unlike a mag-stripe, is a messaging device as well as a
Apple Pay is an EMV-compliant, NFC-enabled payments solution that will work: (i) at physical stores with EMV-compliant contactless terminals (currently activated at less than 5% of US retail stores but likely to reach 25% by end-2015); and (ii) through apps