by Russ Jones on April 4, 2010
in Conferences & Meetings, ECommerce, Erin McCune, Facebook, Micropayments, NACHA, P2P, PayPal, Russ Jones, Social Media, Social Payments, Technology, Web 2.0 in Financial Services, Web/Tech
I’ve been thinking a lot lately about social payments, and have reached two conclusions. The first is that a payment facilitated by a social network is not a social payment—it’s just a normal customer-not-present payment. The second is that social payments are, by definition, social in nature and involve multiple parties. Hear me out on [...]
At Glenbrook we believe that social eCommerce and virtual currencies are the new frontier of payments. Person-to-person transfers, charity donations, and micropayments for virtual goods (e.g. games, music, e-books, etc.) are exploding within social networks and as the 800-pound-gorilla in the social networking space, all eyes are on Facebook. Estimates vary, but $300-500 million in [...]
Following up on our social media workshop last Thursday, we’ve just started a new group focusing on Social Media in Financial Services over on LinkedIn.
If you’re interested in exploring how social media is affecting consumer financial services, you might want to also tune in there.
