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Competitive Edge
Creating your Unique Value Proposition to gain your Competitive Edge.
Curated by Marc Kneepkens
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Emerging Payment Technologies Will Create New Winners And Losers In The Giant Credit Card Industry

Emerging Payment Technologies Will Create New Winners And Losers In The Giant Credit Card Industry | Competitive Edge |

The credit card companies themselves aren't going anywhere for now. Visa and MasterCard in particular will remain an indispensable part of the chain because they don't actually process payments. They simply provide the rails that the credit card system runs on. Credit card processors like First Data that actually do the work of processing merchants' credit card transactions on the back-end are also in a strong position.Two pieces in the chain are particularly vulnerable to disruption: the makers of the actual hardware — basically card readers and registers — that are used to physically accept card payments at stores, and the hundreds of vendors known as merchant service providers, or MSPs, which set businesses up to accept credit cards.Manufacturers of register systems are vulnerable: Point-of-sale hardware faces an immediate threat from mobile devices. These devices are cheap and easy to implement, they do not require consumers to adopt new behaviors, and they free up retailer space previously devoted to bulky hardware.In addition, the new payments companies — including PayPal, Leaf, Revel Systems, Square, and others — could shove traditional MSPs aside as they bridge the offline and online worlds. They pair their mobile registers with consumer-side smartphone apps, and often also provide additional merchant services, like software for loyalty programs or for parsing online consumer data. These new companies want to replace the old players that focused mainly on logistics, i.e., helping merchants take credit card payments.But it's not all doom and gloom yet for legacy MSPs: they have existing relationships with the majority of merchants who accept credit cards and with banks. They also have established marketing channels and large sales forces. Large MSPs will move to acquire new payments technologies to squelch the disruption threat.

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Via Philippe J DEWOST, Jose Galvez
Marc Kneepkens's insight:

 A lot of innovation is going on in the payment realm. Innovation, disruption, positioning, strategies...

What happens to all the small percentages?

Philippe J DEWOST's curator insight, May 21, 2014 8:48 AM

In Tel-Aviv, I paid a taxi with my and his smartphone and a square like dongle. Since, I'm getting more and more interested in #Fintech disruption...

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PayPal Loves The Small Business Owner

PayPal Loves The Small Business Owner | Competitive Edge |

When PayPal first emerged to the world wide web nearly 15 years ago, it was created as a means of sending money back and forth, and making secure purchases with auction-based site eBay.

Over the last 15 years, PayPal has become more than just a means of buying and selling. They have allowed small businesses to soar with their products, services, and tools to help every small business reach the stars.

As a small business owner myself, I’ve found PayPal to be vital to every avenue of my business. From purchases for my business, to invoicing clients, to keeping track of my finances and even banking needs.

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Marc Kneepkens's insight:

Easy to use, multiplies your means of receiving funds from clients all over the world. It has made live easier for me.

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