Originally Posted by hmurchison
I'd be ok with a Twitter acquisition.
The only way I can see twitter making money is through advertising annoyance. May as well fetch a good payday from a larger company.
I see NFC starting to unravel. I"m glad Apple didn't jump into the fray to appear "hip". New competing flavors are coming and that new Target Walmart duopoly is significant.http://www.nfcnews.com/2012/03/05/ta...mobile-wallets
When you get big enough you can roll your own. Great thing about standards is...there are so many of them.
To my mind, to be successful here, a CC (or other automated payment) should be handled as follows:
-- Seller captures and retains all transaction/detail/customer/analytic info
-- Seller provides minimal info to payment provider (Card info, date time, receipt ID, $ amount)
-- Seller option to hold/combine several customer transactions to reduce fees ala iTunes Store
If true, the big opportunity is an agnostic POST that can handle all types of transactions and interface the retailers' systems and through them the payment providers' systems.
No way, I as a retailer want to have any 3rd-party (be it POST provider or payment provider) access my customer/transaction information or get between me and my customers.
As, a customer, I have the same feeling vis-a-vis the retailers I buy from.