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Gary Edwards

Mobile banking pioneer mFoundry nabs $18M from MasterCard, Intel Capital and others - 1 views

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PayPal Credit-Card-Payment-Industry Dwolla Web-Money Internet-money Internet-Transcaction-Payments

shared by Gary Edwards on 05 Dec 11 - No Cached
  • Gary Edwards on 05 Dec 11
     
    Good stuff. The Internet-payment sector is really heating up: Square, PayPal, mFoundry and my favorite - DWOLLA. The credit-card-payment-industry is still in control, but you can see from the heavy investments they are making in Web based systems, that the mobility phenomenon has them concerned. Dwolla is my favorite because of the innovative way they connect direct to the bank accounts of users, cutting the transaction and reconciliation cost from credit card standard 2.75% o a FLAT $0.25 cents!!!! Outstanding. Could prove very disruptive.
  • Gary Edwards on 05 Dec 11
     
    Simple, formerly known as "BankSimple" recently won an award as one of the 20 best stratups of 2011. Backed by Visa, Simple aggregates end user bank accounts, proving a single interface. Promises to get rid of bank fees entirely, and become a NEW Mobile Bank. Not sure this can be doen with Visa sitting in the drivers seat.
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