Thord D. Hedengren

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Tag: payment

  • It's not about the payment, it's about the shopping

    Jason Snell replying to Tim O’Reilly’s essay on payment providers, and O’Reilly’s notion that Uber’s model is truly disruptive while Apple Pay is basically the same old wallet opening action:

    To summon an Uber, O’Reilly needs to take his phone out of his pocket, launch the Uber app, and tap a few times. If those steps sound familiar, it’s because they’re not that different from how one would buy some groceries at Whole Foods using Apple Pay. The phone comes out at the start of the process, rather than the end, but it still comes out.

    I agree with Jason. While the Uber experience feels new and like something from the future, it really is no different than beeping something at the teller by the exit. O’Reilly’s mixing up the payment experience with the shopping experience.

  • Kevin Rose demos Square, a sign of things to come

    It’s about time anyone can charge a credit card, and while I’m not so sure if this albeit cool little iPhone accessory is the solution, it is surely a sign of things to come. After all, cash isn’t kind anymore, it is dirty and full of diseases, as well as a way to bypass taxes and do work outside of the prying eyes of the government. The only real concern really is that this will also work for muggers, which means that I don’t even have to be tricked to an ATM machine to extract the cash they want, they can just make me pay by credit card…! Then again, that leaves a trail easily followed, so it should be manageable.

    Check out Kevin Rose’s demo of Square in the video below.

    Really cool, as I said, but I think stand-alone devices doing this will be a bigger player in the personal charge by credit card field.