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Why Bigger Is No Longer Better

Why Bigger Is No Longer Better | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Scale isn’t what it used to be and the old days of empire building are over
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Excellent article on innovation and how being a big firm is not necessarily a competitive advantage, in fact could be the opposite

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Sony looks to crowdfund its new smart lock project

Sony looks to crowdfund its new smart lock project | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
While certainly not the first of its kind, it looks as though Sony might be putting a new smart lock on the market. The massive electronics company will be looking to crowd-fund its new Qrio Smart Lock project on Makuake. 
Richard Platt's insight:

While it may seem odd to some for such a large company to use crowd funding, most believe this is just a way for Sony to get feedback on the new Qrio, not necessarily a way to fund it. You might remember when the company did something similar with its e-paper watch project.

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Democratization of Philanthropy Through Crowdfunding

Democratization of Philanthropy Through Crowdfunding | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Nonprofits that are used to relying on super donors writing hefty checks need to learn to embrace a better way: The idea of crowd-funding, where numerous smaller donations add up, powered by social media marketing....
Richard Platt's insight:

Sure, the traditional techniques above are still used, but the dawn of social fundraising has democratized fundraising so that deep pockets are no longer required. Anyone with five dollars and a smartphone can be a philanthropist. Welcome, to the age of social media -- the great equalizer. - Nonprofits that are used to relying on super donors writing hefty checks need to learn to embrace a better way: The idea of crowd-funding, where numerous smaller donations add up, powered by social media marketing.

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Data Mining: Take a 3-D Tour of Patent Analysis

Data Mining: Take a 3-D Tour of Patent Analysis | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
In my last post Data Mining: 4 Ways to Use Patent Analysis for Any Size Business, I described some benefits of patent analytics using 2-D data, but let’s look into the data rich information that can be derived from adding dimensions. (Don’t forget, patent analytics isn’t intended to be used in isolation from other resources.) …
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Subway Eschews Exclusivity, Supports Multiple Mobile Wallets | NFC Times – Near Field Communication and all contactless technology.

Subway Eschews Exclusivity, Supports Multiple Mobile Wallets | NFC Times – Near Field Communication and all contactless technology. | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
By:  Dan Balaban and Kiona Smith-Strickland NFC Times Exclusive: LAS VEGAS, Nev. – While a number of...

Via Kenneth Carnesi
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Battle of The Mobile Wallets - QR Code or NFC?

Battle of The Mobile Wallets - QR Code or NFC? | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
With mobile payments set to go mainstream, the battle is no longer just between smartphone manufacturers. Big retail has now stepped in and is positioning

Via Kenneth Carnesi
Richard Platt's insight:

Mobile payments solutions have had a hard time gaining acceptance in the Android dominated smart phone market. Apple, with nearly 1 billion credit card users on its iTunes and other payment platforms, may have provided the jolt required to get the market going by launching Apple Pay.  -  But instead, over the last week, Best Buy, Walmart and other retailers have decided to disable near field communication (NFC) on their checkout machines, which has caused Apple Pay along with other payment methods supporting NFC to not work. Including Google Wallet. - Bands of Android and Apple users have come together in a strange comradery, and focused their efforts on the consortium behind the latest revolt — Merchant Customer Exchange (MCX), the makers of the CurrentC app.

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Mobile Payments Still Facing the Same Big Obstacles - Street Fight

Mobile Payments Still Facing the Same Big Obstacles - Street Fight | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
This year has been a turning point in mobile payments, as Square, Paypal, along with Apple and others like SoftCard (formerly ISIS) have all made strides in

Via Kenneth Carnesi
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CurrentC System Attacked Soon After Some Merchants Block Apple Pay

CurrentC System Attacked Soon After Some Merchants Block Apple Pay | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
NEWS ANALYSIS: It didn't take long for someone to launch a cyber-attack on CurrentC, a merchant-backed payment system that's touted for its security defenses for consumers.
Richard Platt's insight:

CurrentC has drawn a great deal of criticism recently because of the fact that it includes contractual requirements that prevent member companies from accepting any other form of mobile payment. These contract terms prompted merchants that initially accepted Apple Pay to suddenly reverse course and block that service as well as Google Wallet. To accomplish this, two major drugstore chains, CVS and Rite Aid, turned off their Near Field Communications terminals and in the process prevent customers from using contactless credit cards to pay for their purchases.  Someone is clearly taking this personal.

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2 Drug Chains Disable Apple Pay, as a Rival Makes Plans

2 Drug Chains Disable Apple Pay, as a Rival Makes Plans | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
A consortium of merchants plans to introduce a payment system next year that will supplant the use of credit and debit cards.
Richard Platt's insight:

Analysts said disabling acceptance of Apple Pay was a way to favor a rival system that is not yet available but is being developed by a consortium of merchants known as Merchant Customer Exchange, or MCX. Rite Aid and CVS are part of that consortium, not part of the group of retailers that had teamed up with Apple on its payment system. Nonetheless, over the week, Apple Pay technology was working in Rite Aid and CVS stores. 

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CEOs Speak Out On The Future Of Mobile Payments

CEOs Speak Out On The Future Of Mobile Payments | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
'Tis the season for making our lists and checking them twice, to determine which ledgers have been naughty and nice. Earnings’ seasons is here again and

Via Kenneth Carnesi
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Customers & Merchants Face Zero Liability With Apple Pay

Customers & Merchants Face Zero Liability With Apple Pay | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Even with the recent compromises at Target (which affected 40 million credit and debit cards), Home Depot and UPS, banks and financial institutions are pretty enthusiastic about Apple Pay, the latest service to enter the payment ecosystem.

Via Kenneth Carnesi
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Crowdfunding Phenom: Kickstarter CEO Yancey Strickler on Success, Copycats, and 'Broken Promises'

Crowdfunding Phenom:  Kickstarter CEO Yancey Strickler on Success, Copycats, and 'Broken Promises' | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it

The crowdfunding model is now a mini-cottage industry, thanks to Kickstarter, and yes, he's been spoofed by 'South Park.'

Excerpts:

...When did the concept of crowdfunding first click for you?

In 2005. I had these artist and musician friends with day jobs that they hated, but they couldn’t afford to just do art or music. There’s a widespread assumption that creative things just magically happen, and they don’t. Creation requires funding.

    

....(order changed)  Today, millions of people use the site each day, adding up to a daily average of $1 million in pledges (some 70,000 campaigns have launched on the site). 

      

...Are there plans to grow the staff?

Actually, no. I think we’ll get to 100 people, but not much beyond that in the near future. Being a small company [means we are] light on costs, and I like the scrappiness of trying to accomplish a lot with a little. There’s far more shared ownership with a small team.
     
...Are you threatened by ...copycat competitors?

I’ve always known others would copy our idea, but to be honest, we’ve always been the strongest product. ....and for most of our measurements -- dollars pledged, site visitors, project supporters -- there’s a huge gulf between us and the rest of the field.

 


Via Deb Nystrom, REVELN
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Deb Nystrom, REVELN's curator insight, October 16, 1:55 PM

FOR THE WIN:  Spot on great ideas, carried to full implementation and sustained in good faith, with some bumps in the road. Overall good ideas, good will and smart business practices will win the day, says I.   As an consultant, there's a lot to like about Kickstarter, including my favorite value in the work world, "choice."  We have a lot that is industrial age about our still new, burgeoning information age.  Fortunately, Kickstarter the concept, and the reality, is not one of them.

I've also included crowdfunding and crowdsourcing as a community building, ownership trend that field of Organization Development (OD), among others, is ignoring in a digital chapter on its way to publication for Wiley for Practicing OD, 2015 edition.

 

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Indiego Project - Smarty Pans

Indiego Project - Smarty Pans | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it

Click here to edit the title

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SmartyPans is a smart cooking pan that monitors weight of ingredients, temperature and humidity and transfers it to a smartphone app in real time. The app uses this information to give a  tailored step-by-step cooking instructions based on your cooking environment.  The motivation behind SmartyPans was to reduce guesswork from cooking and make recipe apps more intuitive. They put 3 sensors on the pan that act as user input for the recipe apps, helping the cook make decisions!

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Google Launches Cloud Platform For Startups

Google Launches Cloud Platform For Startups | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Google Inc. (NASDAQ: GOOG) Cloud Platform for Startups will offer $100,000 in credit to startups that qualify for the new program. BidnessEtc explores how the company is looking to make a mark in a market dominated by Amazon.com Inc. (NASDAQ: AMZN).
Richard Platt's insight:

Google is offering startups $100,000 in Cloud Platform credit, including support from Google’s experts providing technical assistance as the startup grows. In order for startups to be eligible for the project, they must be less than 5 years old, have less than $5 million in funding and have annual revenues below $500,000.

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How Gamification and Loyalty Can Drive Mobile Payments

At the BRITE '13 conference, Michael Hagan, COO & Chief Rockstar of LevelUp, takes a deep dive into the future of mobile payments, and how game-like elements...

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Square will soon accept Apple Pay

Square will soon accept Apple Pay | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
The mobile payments company Square is planning to accept Apple Pay.

Via Kenneth Carnesi
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Why Mobile Payments Will Never Replace Cash - Nasdaq

Why Mobile Payments Will Never Replace Cash - Nasdaq | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Photo credit: Joe Ross . Are Americans entering into a love affair with mobile payments ? Even though the technology is still rather new, Forrester.

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Powa Raises $80 Million to Launch Its Mobile, E-Commerce Payments in U.S.

Powa Raises $80 Million to Launch Its Mobile, E-Commerce Payments in U.S. | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
In another large late-stage play from a public-markets investor, Wellington Management has put $80 million into Powa Technologies.

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Southeast Asian Mobile Payments Company Soft Space Acquires Fasspay - TechCrunch (blog)

Southeast Asian Mobile Payments Company Soft Space Acquires Fasspay - TechCrunch (blog) | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Soft Space, a Southeast Asian white-label mobile point-of-sale platform maker, announced today that it has acquired Fasspay, a payment service provider based..

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Poynt is an Android-based Payment Terminal for the Future

Poynt is an Android-based Payment Terminal for the Future | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Designed to bring consumer-facing businesses up-to-date with today’s technology and help them stay future-proof, Poynt is a smart payment terminal that supports multiple payment methods, encrypted transactions and allows for extended functionality...

Via TechinBiz
Richard Platt's insight:

The Poynt terminal features a 7-inch merchant-facing screen, a second 4.3-inch customer-facing screen, a barcode scanner and a built-in printer in a compact device. It connects to the internet via Wi-Fi or 3G, can accept payments via cards, Apple Pay and other NFC/Bluetooth mobile apps, and can be moved around — away from the cash register to customers’ tables, to delivery destinations and even to the curb for take-away customers.

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Apple Pay 'no-data-collection' isn't a feature. It's a problem

Apple Pay 'no-data-collection' isn't a feature. It's a problem | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Google Wallet’s cofounder and product lead weigh in on how Apple Pay will fare given its promise not to collect any user data.
Richard Platt's insight:

Excellent read on digital wallets, who benefits and why and the real value to retailers as well as consumers from a security and privacy standpoint. 

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Verizon invests in Flint Mobile, a Square competitor that uses no hardware

Verizon invests in Flint Mobile, a Square competitor that uses no hardware | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Flint uses the phone camera to scan in card details, which it processes like any other credit transaction. Mobile carriers like Verizon and Digicel have taken a lot of interest in its app.
Richard Platt's insight:

Flint offers a payments service similar to Square Reader, using the smartphone as a portable POS terminal that can take process any credit card transaction. The difference is Flint doesn’t use a hardware reader to read the magnetic stripe on a card. Instead it uses the smartphone’s camera to scan the card, after which Flint verifies the card and processes the transaction in the cloud.

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Mobile payments - The Economist

Mobile payments - The Economist | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.

Via Pekka Puhakka
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Why Amazon And Google Terrify Bankers

Why Amazon And Google Terrify Bankers | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
Recently released research indicates that large tech firms such as Google, Apple and Amazon are looking less like partners and more like emerging competitors to banks.

Via Kenneth Carnesi
Richard Platt's insight:

A survey of banking professionals by banking software provider Temenos indicated that almost 25%  of respondents believe their most difficult competition exists outside of the traditionally understood banking sector. A year ago that figure was under 20%, and just over 10% in 2012.  - “Clearly, rapid digitization, in conjunction with other factors – such as diminishing customer loyalty and transformative technology changes – is opening the industry to these technology vendors, many of whose business models are built on an ability to turn vast quantities of data into meaningful customer insights,”

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Apple Pay: How does it work and why is it different from Google Wallet and other NFC-based m-wallets/mobile payment systems? - Mobinex

Apple Pay: How does it work and why is it different from Google Wallet and other NFC-based m-wallets/mobile payment systems? - Mobinex | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
As with other Apple products, the community embraced Apple Pay with a hype. So what does Apple Pay offer that other established players like PayPal or Google Wallet cannot offer?

Via Kenneth Carnesi
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10 Crowdfunding Sites To Fuel Your Project

10 Crowdfunding Sites To Fuel Your Project | Crowd Funding, Micro-funding, New Approach for Investors - Alternatives to Wall Street | Scoop.it
10 Crowdfunding Sites To Fuel Your Project. Image Source: Ivan Pols Crowdfunding has taken the world by storm and people are finding that this innovative w
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