As I read about mobile payments, it always entertains me when relatively green journalists make references to using mobile phones rather than payment cards to make purchases. Typically, they are confusing the instrument (the phone, the plastic) and the system: after all, most mobile payments are made using card systems. I think there is an […]
Curious about what payments professionals were reading last year? Here are the top books ranked by sales made through our Payments News Book Store on Amazon.com: Payments Systems in the U.S. – A Guide for the Payments Professional Written by Carol Coye Benson and Scott Loftesness of Glenbrook Partners, this book provides a comprehensive description […]
The Glenbrook team is devouring advance copies of “Priceless: The Case that Brought Down the Visa/MasterCard Bank Cartel” by Lloyd Constantine. All I can say is “wow”! This is juicy reading that I’m sure all payments professionals will want to add to their book bag! From the advance material on the book: Priceless offers readers […]
Loading up your Kindle or travel bag with summer reading? Business Week features a list of summer reading recommended by business professors. As you would expect, business books dominate – but there are a wide range of topics – and even a few novels. I can personally recommend these titles from the list: The Ascent […]
The always brilliant Michael Lewis and David Einhorn are guest op-ed contributors in today's NYTimes. Their (very long and convincing) argument is that misaligned interests throughout the financial eco-system contribute to a systemic problem: short-term gain vs. long-term interests, a complete lack of meaningful checks and balances (via credit rating agencies), and incompetence and political […]
Do not miss this front-page article in today's Washington Post on AIG: The Beautiful MachineBy Robert O'Harrow Jr. and Brady DennisWashington Post Staff WritersMonday, December 29, 2008; Page A01 This is the first of three articles in the Washington Post detailing the history of AIG's Financial Products division and how it brought down the venerable […]
After the election night excitement,we have no time to rest on our laurels, there is much work to be done to restore the economy. This article by biz strategy giant Michael Porter in Business Week is sobering, non-partisan, and highly recommended.
[via Alan Rappeport at CFO.com] Those seeking historical context for today's credit crisis and hoping to learn from John Kenneth Galbraith's The Great Crash of 1929 will have to wait. It's on back order at Amazon (until Nov 13) and apparently sold out of New York area bookstores. In his updated introduction penned in 1997, […]