There is a growing curiosity about India’s payments systems. These systems, and their role in the “India stack”, have been the subject of many articles speculating their importance in shaping India’s future. Despite this attention, there is still considerable confusion about what these initiatives are, and how they interact with each other. This led me […]
Photo: Scott Loftesness A few weeks ago I joined my client Raj Jain, CEO of RS Software, for my third visit to India. RS Software is headquartered in Kolkata which was our first stop for the annual general meeting of shareholders. After that, we visited Mumbai and Bangalore – along the way we met […]
As new forms of digital payments begin to take hold, the old assumptions no longer work. What does it mean to issue a card when there is no card? How can transactions be risk-managed when payments credentials are masked and scrambled by design? And what is the impact on the loyalty and reward programs that […]
Since the first promise to pay was made, knowing who you’re dealing with has been a requirement. Authenticating the identity of a trading partner – a customer, an accountholder, a business or even a computer – is a burden that falls on the one extending trust because the giver takes on the transaction risk. In online […]
You may have heard about the Reserve Bank of India’s decision to create a new category of “payments banks”. Recently, the Reserve Bank of India approved 11 applicant institutions (out of 41 who had applied) to start the process of becoming licensed. The group includes telcos, non-bank financial institutions, retailers, entrepreneurs and the Department of […]
Message delay from phone to watch – I can hear my phone signaling a message has arrived but it takes a while to show up on my watch You have to remember to turn both watch and iPhone back on after being in airplane mode, even if set to “mirror phone” Only black watch faces? […]
Recorded about a month ago by VC firm Matrix Partners, Glenbrook’s Scott Loftesness and Dana Stalder of Matrix Partners discuss the evolution of mobile payments, the business model failure of Softcard, and other topics including: The 8+ year journey to ApplePay Technologies here to stay: NFC, tokenization, and biometrics What it all means for the Networks […]
Apple Pay’s announcement has brought attention to biometrics and their role in payments security and to the broader, if amorphous, concept of online identity. Steve Wilson of Constellation Research and Glenbrook’s George Peabody discuss local and cloud-based biometrics, identity attributes, and the vexing challenges of privacy.