Amex’s Twitter Deal Helps Validate Social Payments

I talk to American Banker about Amex’s new integration allowing you to buy products through Twitter.

 “Amex definitely legitimizes it,” says Rakesh Agrawal, a consultant on mobile payments and marketing. “They are a major player that has tens of millions of cardholders, and they are willing to spend on marketing.”

Article.

Impatience at point-of-sale

I was in Washington state last week with my friend Amy and her 2-year-old daughter, Sophie. We went to the Northwest Trek Wildlife Park so that Sophie could see her favorite animal (bears) in person for the first time.

At the end of the visit, we stopped in the gift shop and I found an adorable shirt for her. (With a bear, of course.)

I handed the shirt to the clerk and my credit card to Sophie to hand over.

The clerk was having trouble with the scanner. She tried repeatedly to get it to ring up. In that time, Sophie twice picked up my credit card and moved it closer to the clerk.

Although Sophie doesn’t understand retail technology, she does know when something is taking too long.

The experience also made me wonder whether kids will use cash as much as we did, when they are growing up accustomed to seeing their parents (and their parents’ friends) paying for so many things with plastic.

Even the exposure that many of us first had to money — cash that our parents gave us to pay for school lunches — has been replaced in many U.S. schools by prepaid systems.

Some great posts on NFC, mobile payments and local

There were some really good posts on NFC, mobile payments and local that I ran across this week.

These are must-reads for many of the folks who follow me on Twitter:

And in case you missed the news: I’m getting out of the writing about Groupon business. It’s been more than a year and it’s time to move on to other things. A note to my friends in the media: I’m still happy to help you with your Groupon stories, I just won’t be writing my own. Let me know if you need analysis or introductions to sources.

Relative scale of mobile products

Earlier tonight I asked about mobile monthly unique users for various products.

Here is a compilation of that data along with some others:

  • Facebook – 350 million – publicly announced
  • Google Maps – hundreds of millions – estimate
  • Angry Birds – 30 million daily uniques – Mashable via Anil Dharni
  • Twitter – tens of millions – estimate
  • Pandora – 20-30 million – based on 37 million total in SEC filings
  • TripAdvisor – 10 million – tweet from TA employee
  • Yelp – 5 million – from Yelp PR
  • Where – 4 million – announced at time of eBay acquisition
  • foursquare – 400,000 – tweet from Rabois
Others likely above 5 million:
  • ESPN
  • Instagram
Others smaller:
  • Discover (1MM app installs reported)