Friday, December 17, 2010

Dwolla Enters Payment Business on National Level

Mars Cafe, a Des Moines restaurant, is testing an in-store payment system powered by Dwolla. People can use their smartphones to pay Mrs Cafe right from the phone.
Next to the cash register is another smart phone that tells the clerk the bill has been paid electronically. The clerk provides a receipt and the customer's on his way.

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On the Use and Misuse of Principles, Theorems and Concepts

When financial commentators compile lists of "potential black swans," they misunderstand the concept. As explained by Taleb Nasim ...