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Men More Likely to Be Digital Shoppers​

Men More Likely to Be Digital Shoppers​ | Payment Technologies | Scoop.it
There is a gender divide when it comes to online shopping…and men currently claim the majority.
According to Bronto Software’s 2015 “Consumers Tell All” survey, 30 percent of males shop online once per week, compared to only 18 percent of females.
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A Brief History of Silicon Valley, the Region That Revolutionizes How We Do Everything | Chris Haroun | LinkedIn

If you live in Silicon Valley, chances are that you are reading this article from your iPhone, while riding in an Uber car to the company you work at that holds the next world-changing technology.

But it goes beyond the technology we see and hold in our hands and includes all the industries the Valley has helped flourish, providing growth for technology that shapes our lives in ways many of us not only don’t understand, but don’t even know. The minds and innovation that live and thrive here hold the keys to future technology innovation. The San Francisco the Bay Area receives more than 50 percent of the country’s VC funding.

Silicon Valley offers unparalleled access to high-quality engineers, a risk-taking culture, venture capitalists and superb universities. But the reason this particular spot ended up at the heart of the technology industry might surprise you. It all starts with Sputnik.

Americans were brokenhearted when Russia beat the United States in the space race with the launch of Sputnik 1. NASA was created, and NASA needed high-powered components to be developed in order to put the first person on the moon. Fulfilling that need was Fairchild Semiconductor, which was founded in the Bay Area in the midst of Cold War competition.

The seminal event was the spark that ignited Silicon Valley’s innovative, risk-taking culture five decades ago and it has truly shaped the way our lives have been, and will continue to be, enhanced by technology. If not for Sputnik we would not have witnessed the massive technology innovations that spawned from Fairchild Semiconductor and “Fairchildren” companies like Intel, AMD and NVIDIA. This was just the beginning. A flourishing hardware industry emerged. As a result, the software and Internet industries also flourished.

Bay Area innovation is changing the way we do everything – from Uber disrupting the taxi industry, to Twitter disrupting the media industry and Facebook disrupting the communications industry. One can even argue that Barack Obama is president partially as a result of embracing social media technologies and Salesforce’s cloud-based software for campaign management – talk about a political disruption! In truth, you can look at any industry that has yet to be optimized by tech and bet that in the not so distant future it will experience a revolution in part due to innovations from Silicon Valley.

Think about the transportation sector, an industry that hasn’t changed much in the last half century, but is on the precipice of complete technological disruption. Automated, self-driving cars are something we already see sharing our Bay Area roads, but in as little as five years these cars will likely be broadly available, instituting a massive disruption in the way we commute. Longer-term, this disruption will also offer a sizable boost to economic growth, with the number of accidents falling because of this sensor-based self-driving technology.

The opportunity for mobile commerce and communication are also limitless. While these are areas that receive a lot of air time, it’s breathtaking to think that each of us with a smartphone holds more power in the palm of our hand than every computer we used to put a person on the moon (take that, Sputnik!), or that a child in Africa has more and faster access to information than Bill Clinton did in the 1990s. These revolutionary communications tools have worked to keep rogue governments in check, spurred political revolutions and enabled countries without sophisticated, tech-enabled banking systems to able to flourish, thanks to smartphone computing and the advent of Bitcoin. In short, the disruptive power of technology can, and will, rock every industry as we know it on a global scale.

Still more industry-disrupting companies will be born in the Bay Area over the next decade, leveraging technologies via the Internet of Things (IoT) movement or, in true Valley style, creating an entirely new movement altogether.

As an investor, the best investments are platform solutions because they own the ecosystem and are technologies that have the ability to scale and grow. Facebook, LinkedIn, eBay and even YouTube (as a media platform) are great examples of platform-based approaches that have scaled, with skyrocketing numbers of users, but also content or applications that run on top of them. It starts as one platform and morphs into something much bigger. The healthcare industry is beginning to see the platform tectonic shift that will change the way we all give and receive medical services. Once we address cloud-based security issues, enterprise public cloud computing will also flourish.

Other regions have tried to emulate what the Bay Area has done with little success. The region’s technological prowess isn’t just due to great minds and high-quality schools like Stanford and UC Berkeley. If this were the case, then Oxford and Cambridge would make London a dominant tech center. Silicon Valley is a fertile technology crescent 50 years in the making. It is the product of Sputnik-induced competition, a 1960s induced cultural renaissance and an open-minded, risk-taking approach where failure is accepted. Silicon Valley cannot be replicated anywhere else, but the effects of its innovation will continue to be shared around the world.


Via Linda Holroyd, Paulo Gervasio
Adeniyi Adeyemi's insight:

Interesting!!!!

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Linda Holroyd's curator insight, December 11, 2014 6:15 PM

technology disruptions and transformations will reach every industry imaginable - go Silicon Valley and its open-minded, tech-embracing, risk-tolerant culture

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Online Payment Solutions - Google Checkout vs PayPal vs Amazon Payments

Online Payment Solutions - Google Checkout vs PayPal vs Amazon Payments | Payment Technologies | Scoop.it
Want to accept online payments? Consider going with Google Checkout, Paypal or Amazon Payments. Compare and contrast to see which option is best.
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Banks Left Behind As Payments Go Mobile? - Forbes

Banks Left Behind As Payments Go Mobile? - Forbes | Payment Technologies | Scoop.it
Banks Left Behind As Payments Go Mobile?
Forbes
Banks face flat-line growth in online banking unless they can persuade customers to do more on their bank sites rather than going to billers, according to a recent Javelin report.
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Tap to watch: How near field communication could transform the pay TV business

Tap to watch: How near field communication could transform the pay TV business | Payment Technologies | Scoop.it
When NFC emerged a decade ago, it was seen as a replacement for credit cards.
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5 Mobile Payments Data Points That Will Blow Your Mind - Business Insider

5 Mobile Payments Data Points That Will Blow Your Mind - Business Insider | Payment Technologies | Scoop.it
5 Mobile Payments Data Points That Will Blow Your Mind Business Insider Consumers gravitate to convenience. That's as true with payment technologies as it is with anything else.
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NFC mobile payments disappoint while money transfers boom - CNET

NFC mobile payments disappoint while money transfers boom - CNET | Payment Technologies | Scoop.it
Apple Insider
NFC mobile payments disappoint while money transfers boom
CNET
Adoption of tap-and-pay technology on smartphones has been a disappointment and has slowed growth of the overall mobile-payments market.
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BII REPORT: Why Mobile Payments Are Set To Explode - Business Insider

BII REPORT: Why Mobile Payments Are Set To Explode - Business Insider | Payment Technologies | Scoop.it
Business Insider Australia BII REPORT: Why Mobile Payments Are Set To Explode Business Insider Consumers gravitate to convenience. That's as true with payment technologies as it is with anything else.
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Google Enables Payments Through Gmail to Garner Google Wallet Adoption

Google Enables Payments Through Gmail to Garner Google Wallet Adoption | Payment Technologies | Scoop.it
With Google Wallet under-performing in the last couple years, Google is now integrating its wallet into Gmail to allow users to send money through the popular email service.
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MasterPass makes quick payments at quick service an m-payment priority

MasterPass makes quick payments at quick service an m-payment priority | Payment Technologies | Scoop.it
Burger King's BK Delivers begins accepting MasterCard's MasterPass digital wallet.
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Microsoft establishes Microsoft Payments Inc., entry into mobile payments seems imminent

Microsoft establishes Microsoft Payments Inc., entry into mobile payments seems imminent | Payment Technologies | Scoop.it
Several of the top technology firms are pouring a wealth of resources into mobile payments.
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Mobile money is transforming the business of agriculture in Kenya

Mobile money is transforming the business of agriculture in Kenya | Payment Technologies | Scoop.it
Farmers in Kenya are using mobile money to reach customers, register their businesses and access finance.
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Amazon Debuts 'Login and Pay' Service to Compete With eBay

Amazon Debuts 'Login and Pay' Service to Compete With eBay | Payment Technologies | Scoop.it
For the 215 million Amazon users worldwide, there's no question that this capability will make it significantly easier to purchase products on sites that feature the new service from Amazon Payments.
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The Six Things That Will Change the Future of Payments

The Six Things That Will Change the Future of Payments | Payment Technologies | Scoop.it
According to MPD CEO Karen Webster, the interactions among PYMNTS Summer School Faculty and students last week cemented her view that this isn’t payments as usual anymore and even payments the way everyone thought it would be even two or three...
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Connecting With Customers: The Future Of Mobile Payments

Connecting With Customers: The Future Of Mobile Payments | Payment Technologies | Scoop.it
The following guest post is by Carin van Vuuren, Chief Marketing Officer, Usablenet, which develops mobile sites and apps, as well as infrastructure.
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Mobile payments growing, no thanks to NFC or Google Wallet - Apple Insider

Mobile payments growing, no thanks to NFC or Google Wallet - Apple Insider | Payment Technologies | Scoop.it
Apple Insider Mobile payments growing, no thanks to NFC or Google Wallet Apple Insider Gartner on Tuesday published its latest forecast on worldwide mobile payment transaction values, calling for this year to see a 44 percent increase from the...
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Paragon Application Systems - Online Classes

Paragon Application Systems - Online Classes | Payment Technologies | Scoop.it
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Understanding EMV. Interesting, informative and the best part... it's free

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Mobile banking : Absa and MTN tackle SIM-swap fraud

Mobile banking : Absa and MTN  tackle SIM-swap fraud | Payment Technologies | Scoop.it
South African bank Absa and mobile operator MTN have formed a task-force to tackle 'SIM-swap fraud' after a spate of cases saw customer accounts emptied.
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Tech trends report

Tech trends report | Payment Technologies | Scoop.it
The second edition of our Tech Trends report - 'the future of technology and payments' looks at seven key areas which are influencing the way individuals and businesses operate and the likely impact on payments.
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EMVCo welcomes China UnionPay as its latest member - PaymentEye

EMVCo welcomes China UnionPay as its latest member - PaymentEye | Payment Technologies | Scoop.it
EMVCo, the EMV standards body jointly owned by American Express, JCB, MasterCard and Visa, today announced China UnionPay as its latest member.
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