How Innovation in Payments Can Drive Local Marketing

by Steven Jacobs
In December 2011, Seth Priebatsch laid out a dire vision for the future of the payments industry. In a post in Inc., the founder of LevelUp argued that the Internet would eventually drive the cost of moving money, the interchange, to zero, hollowing out a $50 million payment processing industry in the same way that the web had broken apart the music, news, and media businesses the decade prior.Read the full article

  • The Payment Revolution is Coming - 2 readers - Transaction costs suck up to $50 billion a year out of the economy. But they could be on their way out. Here's why.