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Comment Re:who (Score 2) 272

Did you read the article? There are five links on the bottom to sources other than me. There are three or so links in the post itself leading to other stories I have written recently on the subject. Also, to note, my original head was "It's Time To Face The Reality For Mobile Wallets." It was changed by editorial team consensus so that more people would read it. I wouldn't call it a troll headline, but it does invoke some thought. Also, to note, The Platform is my opinion and analysis based column for ReadWrite. So yes, it is opinion, as stated in the header for the series on top of the article ("The Platform is a regular column by ReadWrite mobile editor Dan Rowinski and so forth). The column we are referencing was discussing a specific point of news (Square Wallet) and noting an empirical observation on the state of an industry segment that, really, has gone nowhere after years of hype. And yes, typing and spelling are quality attributes in a writer, I have always found. Also, I am not the one that submitted to Slashdot. I saw traffic coming in from our Chartbeat and decided to check it out. I lurk Slashdot like I lurk Hacker News, Reddit or Techmeme to see what people are saying and what is being read and discussed. I tend not to submit myself because I think that is a little self serving and the boards tend to frown on that practice. Doesn't mean I won't come in and say a good ole How Do You Do and respond to a commenter that is sure (in their own mind), that I will never see the attack on me.

Comment Re:who (Score 3, Informative) 272

I am the senior writer and mobile editor of ReadWrite and have been writing about mobile payments for years now. Thank you. And actually, I didn't add that link to the coffee shop, one of my editors must have put it in. What would you like to discuss, Mr. Mopps? I have discussed mobile payments solutions with just about every company that is in the game and many of the analysts firms that follow payments. The harsh reality of the mobile wallet is not something that I pulled out of thin air. My conclusion is based on evidence of consumer usage (both empirical and data driven), the performance of these apps, talking to merchants and other various field research and the actions of the companies for almost five years. Google Wallet? Isis? Square? LevelUp? All have issues affecting adoption ranging from merchant adoption to conflicting industry interests to consumer behavior, privacy and security. What do merchants want? Low interchange rates. What do consumers want? The ability to use a payment method wherever they go while deriving value from it. What do big tech and payment processors want? A slice of the pie and will cut the other company's hamstring to do it. Payments are hard ... for so many different reasons and every single hyped mobile wallet that has been released to the consumer market has, in one form or another, failed. Thank you.

Submission + - Let's Face Facts: Mobile Wallets Are Doomed (readwrite.com)

redletterdave writes: The other shoe has dropped for Square. The once-hyped mobile payments company is killing off its Wallet payments app and replacing it with a new app called Order, which will allow users to order food and beverages ahead of time at their favorite cafes and restaurants. For entrepreneurs, the concept of a mobile wallet seems so logical that the payments industry looks like it's ripe for disruption. If everybody is always carrying around a powerful computer in their pockets, it's natural to consider loading payment information onto that secure device as an alternative to cash or plastic cards. The problem comes when this logical entrepreneurial spirit merges with an industry segment that is classically illogical. The payments system in the United States is a mess of entrenched interests, fragmented business opportunities, old infrastructure (like point-of-sale systems), back room handshakes and cut throat competition. This behavior is not going to change any time soon, which means mobile wallets like Square are going to continue to struggle—at least until a more legitimate, easy-to-use and cost-effective solution comes along.

Submission + - What's Really At Stake In Google And Oracle's Copyright Case (readwrite.com)

redletterdave writes: Any artist that's ever dealt with copyright will tell you one basic fact: Copyright is the most confusing, convoluted and capricious aspect of intellectual property rights ever created. You thought patents were bad? Delve into the world of copyright and just wait for your head to explode. This is what makes the imbroglio between Oracle and Google over the use of copyright in Java such a hard case to understand. It could, however, set a dangerous legal precedent for software development for years to come.

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