21 March 2018
Ward Hagenaar

Ward Hagenaar 2015

Ward Hagenaar - Connective Payments

8Posts 50,246Views 11Comments
A post relating to this item from Finextra:

Bank social media experts to convene in New York

21 April 2011  |  12471 views  |  0
Finextra has assembled an all-star cast of digital banking executives for the second in our international series of social media events, which takes place in New York on 18 May.

Will Facebook restrict itself to high revenue vouchers?

29 April 2011  |  4059 views  |  0

As Facebook is now entering the Point of Sale arena in the US with its Daily Deals Offering the question arrises what would be the business model for true payments. Facebook credits are now converted to vouchers and excepted as a partial payment in combination with regular payment methods.

Facebook could be regarded as a closed scheme like American Express or PayPal. Facebook is both the issuer and acquirer for this scheme. If the scheme has a strong brand, functionality and following this tends to be more profitable than the MasterCard, Visa open model with tens of thousands of issuers and acquirers and organized competition. Beeing less of a utility the new Facebook scheme could capitalize on its true value, establishing preferences for certain products or merchants through its powerfull social media platform. So why would Facebook bother to manage the low marging utility payments if it could benefit largely from bringing consumer preference to the retail store and take a large profit from this?  

Would be interested in youre insights so responses are welcomed.

TagsMobile & onlineRetail banking

Comments: (1)

Ward Hagenaar
Ward Hagenaar - Connective Payments - Hilversum | 14 June, 2011, 06:53

It is now evident that Google will restrict itself to its Offers service and allow others to manage the payments. You can check out at http://www.nearfieldcommunicationsworld.com/2011/06/13/37997/google-wallet-is-one-of-the-biggest-investments-weve-made-at-google-for-a-very-long-time/

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Latest posts from Ward

The True Value of Mobile Transactions

05 November 2012  |  5199 views  |  0 comments | recomends Recommends 0 TagsCardsPaymentsGroupInnovation in Financial Services

Instore remote mobile payments reduce cash effectively!

10 January 2012  |  6455 views  |  0 comments | recomends Recommends 0 TagsCardsMobile & onlineGroupInnovation in Financial Services

Be my wallet

09 November 2011  |  6766 views  |  0 comments | recomends Recommends 0 TagsCardsMobile & onlineGroupInnovation in Financial Services

Who will be the payments processor of the future?

09 September 2011  |  8993 views  |  0 comments | recomends Recommends 0 TagsCardsPost-trade & opsGroupInnovation in Financial Services

Ward's profile

job title Business consultant and partner
location Hilversum
member since 2011
Summary profile See full profile »
Payments and cards expert with experience on all perspectives (financial institution, processing, vendor). Big network in the Benelux, available to support startups in the payments and loyalty scene....

Ward's expertise

Member since 2006
8 posts11 comments
What Ward reads
Connective Payments
Ward's blog archive
2015 (1)2012 (2)2011 (5)

Who's commenting on Ward's posts