Eric Grover is principal at Intrepid Ventures, a corporate development and strategy consultancy advising payment issuers, networks and processors and other payments companies.
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CEO Frank Bisignano trumpets a resurgent First Data as the company reportedly preps an IPO, according The Wall Street Journal. How much progress has the company made?
June 26
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Mobile payments are hot. Industry insiders both hope and fear new technology will upend reigning retail payment systems such as Visa, MasterCard and American Express.
June 22 -
The celebration that accompanied China's loosening card regulations is premature. It's wishful thinking that Visa and MasterCard easily be able to capture a percentage of the humongous China market.
May 11 -
The Federal Reserve is encouraging the industry to explore faster payments, and that is all well and good. But effectively directing it to do so is beyond its authority and would be a mistake.
February 25 -
Google fired the latest salvo in the interchange wars in late December by filing an antitrust suit against MasterCard and Visa in Texas federal court.
January 7 -
The recent court ruling on debit interchange fees should remind the payments industry how harmful the Durbin amendment is.
September 6 -
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November 19 -
- PSO content
Bank control fettered where and how MasterCard could pursue growth. Now, having resolved to cross the governance Rubicon through an initial public offering, the payment network will have freedom and an imperative to grow. It should boldly cultivate nonbank customers and expand and deepen its processing business overseas.
February 1 - PSO content
Credit and debit payment networks provide services to consumers and merchants, often through financial institutions. They compete through network reach, brand, rules, processing, bundled enhancements and price.
June 1
