Truly disruptive services don’t just digitize the familiar. They do away with it.
The Apple-Pay web page gushes: “Gone are the days of searching for your wallet. The wasted moments finding the right card. The swiping and waiting. Now payments happen with a single touch.”
What’s wrong with this picture?
It’s describing the digital facsimile of a process that is already on its way to becoming obsolete. But truly disruptive new services don’t just digitize the familiar. They do away with it.
I never search for my wallet when I take an Uber. I never search for my wallet when I walk out of a restaurant that accepts Cover. I never search for my wallet when I buy something from Amazon. I don’t even search for my wallet when buying a song from iTunes — or, for that matter, an iPhone from an Apple Store.
In each of these cases, my payment information is simply a stored credential that is already associated with my identity. And that identity is increasingly recognized by means other than an explicit payment process. Read more…
Retailers accept mobile's in-store presence, Android developers are keen on Kindle Fire, and Square rewards loyalty.
Brick-and-mortar retailers adopt the "if you can't beat 'em …" attitude toward mobile devices. Elsewhere, Android developers are intrigued by the Kindle Fire, and Square wants to put loyalty program punch cards out to pasture. (Commerce Weekly is produced as part of a partnership between O'Reilly and PayPal.)
Three commerce startups from TechCrunch Disrupt. Also, daily deals and the feature phone endure.
Three commerce startups from TechCrunch Disrupt feature alternative forms of payment for digital goods. Also, daily deals and the feature phone endure.
Mobile payment companies have an adoption issue, and a new batch of iPhone 5 payment rumors.
Consumer Reports says only 5% use mobile payments, and they better be darned careful about how they do. Also, an infographic shows the uptake in mobile banking, and we've got new reports from the rumor mill about Apple tapping PayPal for iPhone 5.
Health monitoring rises, Facebook Credits gets unwanted attention, Square lands big funding
In the latest ePayments Week: A report from IBM predicts a swell in consumer interest in monitoring health via smart phone, a consumer group asks the FTC to check out Facebook Credits, and Square records its biggest transaction yet.
Magento fills out eBay's platform ambitions and a report predicts $50 billion via NFC by 2014.
eBay's latest acquisition, open-source commerce platform provider Magento, clarifies its ambitions to become a partner for retailers of all sizes. Also, Juniper Research predicts $50 billion in NFC mobile payments by 2014.
How Wallet could fit in with other Google tools, correlate your own data, removing content from search.
In the latest Search Notes: Thoughts on how Wallet could connect to other Google services; a new tool to correlate your own data with search results; international search share; an easy way to remove your content from Google's view.
The data differences between PC software and mobile apps, "human density data," and lessons from the Victorian age.
This week on Radar: A deep look at how PC-based software and mobile apps handle data acquisition; why "human density data" could be a game changer; interesting data lessons from the Victorian age; friction at the eG8 forum; and a look at Google's new Wallet.
Shoppers choose virtual currency, AmEx gets geolocation, and Isis plans for an NFC future.
IFeelGoods finds some shoppers choose virtual currency over the real stuff. Also, American Express teams with Foursquare for geolocated offers, Isis plans a tap-and-pay test in Utah, and Boku steps out of the gaming world to pay for real goods.
Apple has 200 million accounts, Hearst challenges the Post Office, and credit cards have life.
In his iPad 2 presentation, Steve Jobs says Apple has more credit card accounts than anywhere else on the Internet. Also, Hearst Media has a plan to bring advertising into personal financial management, and some say the days of credit cards are drawing to a close (credit card companies beg to differ).