Beiträge

The Future of Payments: Which Game Changing Technologies Will Affect the Retail Industry

payments journalWhile our industry – like any other – is facing massive disruption (or re-invention rather in most cases), some changes could lead to a dramatic shift in how things are being done. From a Consumer perspective mostly. The Payments Journal has written a summary and analysis of what is coming up, or better may be coming up, and identifies autonomous cars, augmented reality and AI so mention some. The underlying technologies being available, some being the same as for mobile payments – just that it does not happen on a phone. I find this a piece much worth reading. Find the whole article here. 

„Digital Marketplaces Unleashed“ – a book worth reading.

dmu-coverIt´s been my pleasure to contribute a chapter to the new book „Digital Marketplaces Unleashed“, which is published by Springer on October 13th, with my dear co-author Björn Matthies.

This collection of different views on how digitalization is influencing various industrial sectors addresses essential topics like big data and analytics, fintech and insuretech, cloud and mobility technologies, disruption and entrepreneurship.

The technological advances of the 21st century have been massively impacted by the digital upheaval: there is no future without digitalization. The sale of products and services has left the classical point of sale and now takes place on a variety of channels. Whether in the automotive industry, travel and traffic, in cities, or the financial industry – newly designed ecosystems are being created everywhere; data is being generated and analyzed in real time; and companies are competing for mobile access channels to customers in order to gain knowledge about their individual contexts and preferences. In turn, customers can now publicly share their opinions, experiences and knowledge as User Generated Content, allowing them to impact the market and empowering them to build or destroy trust.

 

State of BlockChain: Nice read, Pymnts.com!

Pymnts.com is a good source for those interested in Blockchain and Payments – adding to this history is an interview they have done with John Callahan, CEO of the biometric authentication company Veridium. It does not change that Blockchain from my POV is still in a very experimental stage – yet interesting. You can read the full piece here.

Will Blockchain change everything? Or not?

finextraI have so far not made a secret out of the fact that I find Blockchain interesting – but not too convincing and that I do not believe an open-source sort of approach to ledgers is the right way nor that single ledger tech will solve any real world issues. I also know that I am not alone, yet Blockchain IS interesting and in case the fundamental shortcomings are solved it could become something big. If not, it will die and we will talk about the next big thing.

Discussions like this are very fruitful; therefore I would like to share this piece from Finextra, titled „Blockchain will change everything, but only if we find the right talent„. I like this thought because it implies that we need the brightest of the brightest to find solutions to the many short-comings Blockchain technologies bear today.

Worth keeping that discussion going.

Payment innovation requires merchant providers to be a Jack of all trades

Michael Doron, Managing Director of North America at Payworks, wrote a great piece on why merchant providers need to gear up for the increasingly clustered payments industry. Great read at Paymentsource.com, which you find here.