My Way News - Vietnam Internet users fear Facebook blackout
My Way News reports: "Vietnam's growing legions of Facebook users fear that the country's communist government might be blocking the popular social networking Web site, which has become difficult to access over the past few weeks."
2009/11/17
2009/11/16
At Checkout, More Ways to Avoid Handling Cash or Plastic - NYTimes.com
The New York Times reports: "Instead of leather wallets, consumers could, sooner than they think, carry virtual wallets, with their credit card and bank information stored on remote computers that are accessible everywhere and anytime. They could use them whenever they want to buy something, whether on the Web, on cellphones or at cash registers."
Comment: Here is an interesting report that looks at new ways of making payments, methods that exist now, and methods that may soon exist. It's a good report that takes stock of where we are on the way towards a cashless society.
The New York Times reports: "Instead of leather wallets, consumers could, sooner than they think, carry virtual wallets, with their credit card and bank information stored on remote computers that are accessible everywhere and anytime. They could use them whenever they want to buy something, whether on the Web, on cellphones or at cash registers."
Comment: Here is an interesting report that looks at new ways of making payments, methods that exist now, and methods that may soon exist. It's a good report that takes stock of where we are on the way towards a cashless society.
2009/11/04
My Way News - A growing PayPal could soon overshadow parent eBay
My Way News reports: "PayPal bills itself as a shopper's online wallet. Users set up accounts and link them to bank accounts and credit cards, making it easy to transfer cash into the account. Then users can make payments through PayPal using either their cash balances or the underlying credit card. PayPal users can also send cash to someone based on as little information as an e-mail address or cell phone number [...] this week PayPal opened its system to third-party developers, which will mean PayPal can be built in to all sorts of applications. For instance, an iPhone app could let consumers order a pizza and pay for it with PayPal."
Comment: I think that Google is going to be a much bigger competitor than they imagine, but let's see how this shakes out. The trend though is clear, we are moving toward a world of digital transactions. Swiping a credit card is 20th Century technology, paying online with the click of a mouse or using your cell phone is the save of the future. The farther we get from physical cash the more our financial system will be based on digital data and that means he who controls the data controls the money.
My Way News reports: "PayPal bills itself as a shopper's online wallet. Users set up accounts and link them to bank accounts and credit cards, making it easy to transfer cash into the account. Then users can make payments through PayPal using either their cash balances or the underlying credit card. PayPal users can also send cash to someone based on as little information as an e-mail address or cell phone number [...] this week PayPal opened its system to third-party developers, which will mean PayPal can be built in to all sorts of applications. For instance, an iPhone app could let consumers order a pizza and pay for it with PayPal."
Comment: I think that Google is going to be a much bigger competitor than they imagine, but let's see how this shakes out. The trend though is clear, we are moving toward a world of digital transactions. Swiping a credit card is 20th Century technology, paying online with the click of a mouse or using your cell phone is the save of the future. The farther we get from physical cash the more our financial system will be based on digital data and that means he who controls the data controls the money.
Subscribe to:
Posts (Atom)