Both Amex (AXP) and PayPal (PYPL) are disadvantaged by legacy systems. This is not news to anyone who has worked with Amex or PayPal as a service provider. Management of each company is likely to continue to sweep the problem under the rug out of fear of disappointing Wall Street in the near-term (it is … Continue reading Legacy Technology Is Dragging On Amex & PayPal
A digital currency world is coming. The 2022 Beijing Olympics will operate via a digital RMB for local attendees and may include digital cross-border payments as well. Our Federal Reserve is experimenting with digital currency. Both Fed Chair Powell and Treasury Secretary Yellen have talked down Bitcoin and said the U.S. will move slowly with … Continue reading Square, PayPal, and Apple Will Dominate A Digital Currency World
Director & Officer ("D&O") insurance premiums spiked and coverage narrowed last year as a result of COVID-19. As vaccinations are distributed COVID-related underwriting risk will begin to soften which will be reflected in lower premiums and broader coverage. All of this is to say do not expect every mid-to-large-sized company to be fully back to … Continue reading Back To The Office Will Look Different Compared To 2019
Walmart's (tkr: WMT), E-Commerce offerings continued to scale with revenues of $17.1 billion in Q4 and $60.3 billion for the year. E-Commerce accounted for approximately 11% of Walmart's total Net Sales for the year ended January 31st. WMT E-Commerce is larger than many e-commerce companies from a revenue standpoint including PayPal, Shopify, Square and Wayfair … Continue reading Walmart E-Commerce Continues To Scale. A Spin-Off Could Unlock Shareholder Value.
Last night it was reported that M&T Bank (tkr: MTB) would acquire People's United (tkr: PBCT) for more than $7 billion. These "scale" acquisitions between regional banks simply delay the inevitable. What is required is the hard work of evolving business models and service delivery capabilities. More of the same won't suffice. Regional banks are … Continue reading Banks Need To Try Something New
Legacy payments companies still have not fully embraced mobile applications. For example, Global Payments (tkr: GPN) chooses to white label certain mobile payment applications from Apriva rather than fully own its technology stack. All mobile applications are not created equal. The user experience differs dramatically across mobile apps and is primarily a function of the … Continue reading It’s Difficult For Legacy Payments Companies To Learn New Tricks
More than a decade after the initial Tech media buzz digital wallets are enjoying adoption largely driven by stimulus check processing and more recently the cryptocurrency craze. The pace of innovation is accelerating as digital wallets incorporate equity trade execution, cryptocurrency transaction capabilities and more. Many will know of PayPal / Venmo, Square's Cash App, … Continue reading The Cryptocurrency Craze Is Driving Digital Wallet Innovation and Adoption
Fiserv (tkr: FISV), FIS (tkr: FIS) and Global Payments (tkr: GPN) need to re-tool their product and service portfolios to better compete with modern Fintech platforms such as Square (tkr: SQ), PayPal/Venmo (tkr: PYPL), Stripe (private) and others. Tech giants Alphabet (tkr: GOOGL), Amazon (tkr: AMZN) and Apple (tkr: AAPL) also loom large in the … Continue reading What’s Next for Fiserv, FIS and Global Payments?
FOMO is stronger than ever given social media, the 24-hour news cycle and various fintech apps that facilitate equity trading. FOMO ("Fear Of Missing Out"), is stronger than ever, especially among the retail trading community. Retail traders are flush with cash coming off of 2020's Federal Government issued checks and enhanced unemployment benefits. Technology has … Continue reading FOMO Is Stronger Than Ever
Early last week we wrote about SolarWinds and the potential for another leg to drop. SolarWinds has a long road to recovery. Cyberbreaches of that sort don't engender customer trust and often lead to significant customer churn. What other companies may be at risk of a cyberbreach? Tickers mentioned: AMZN, AVGO, CERN, EFX, EXPGF, FICO, … Continue reading SolarWinds Is One of Many Cyberbreaches to Come