Tuesday, March 29, 2011

AmEx Mobile Payment Addreses "Debit Card" Gap

In yet another take on the mobile payments value and business model, the American Express "Serve" service gets American Express into the "debit card" revenue stream, essentially.

"In our view, this is a bold undertaking for American Express that has the potential to address the company's key strategic weakness, debit," said Stifel Nicolaus analyst Chris Brendler.

Serve could also help extend Amex's reach beyond just the high-end consumer as Serve is clearly targeting the mass market. So in addition to making possible an Amex foray into the debit card revenue stream, it also extends Amex activities in the broad consumer market in a new way.

No comments:

Costs of Creating Machine Learning Models is Up Sharply

With the caveat that we must be careful about making linear extrapolations into the future, training costs of state-of-the-art AI models hav...