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Other Added - Will Digital Content Revive Micropayments?
Since the publication of Thomas Friedman’s book ‘The World Is flat’ with accounts of the major changes that are happening at present, there is a renewed interest among business organizations about gaining and sustaining competitive advantage. Rapid changes in the IT, technology and communication put pressure on business firms to respond more promptly to the challenges
Fear is a very powerful emotion. When we live in fear, even of the unknown, there is a tendency to isolate, exert control and be on the defensive. It drains our energy and creates exhaustion. The majority of coaching conversations I am having these days are about this fear generated by a struggling economy. Worry over business progress, finding a job, salary
Digicash's system was extraordinarily elegant. It featured persuasive benefits, such as anonymity for users, bullet-proof security for merchants and no limits on transaction values, i.e., it could be used to make payments of only a few pence or even a multi-million pound transaction.
To make this possible, Digicash relied on its own newly minted digital currency: Cyberbucks. Plenty were impressed by Digicash's apparent potential to short-circuit the global financial system by replacing big, centrally-issued currencies with untraceabl
How often have we been told that we need to change, up-date, and modernize?Yet, when we make those changes, we are then told we change too often?I think that this is especially true for those of us who do business over the internet. Like any company, we want to stay in business. Not just for a couple of months, but most of us are in it for the long haul.
Digicash's system was extraordinarily elegant. It featured persuasive benefits, such as anonymity for users, bullet-proof security for merchants and no limits on transaction values, i.e., it could be used to make payments of only a few pence or even a multi-million pound transaction.
To make this possible, Digicash relied on its own newly minted digital currency: Cyberbucks. Plenty were impressed by Digicash's apparent potential to short-circuit the global financial system by replacing big, centrally-issued currencies with untraceab
The sun was peaking its head above the horizon as I walked my dog along the river. I wondered if my dog enjoyed the serenity of the early morning as much as I did. Abruptly, my peaceful thoughts were punted like a football as my dog spotted a scampering rabbit. He bolted towards it, almost taking my arm clean off as I struggled to hold onto his leash.Just moments
To make this possible, Digicash relied on its own newly minted digital currency: Cyberbucks. Plenty were impressed by Digicash's apparent potential to short-circuit the global financial system by replacing big, centrally-issued currencies with untraceab
Negotiation is the art of following a process. The more often you practice negotiation, the better you get at it. It is essential to know when you must negotiate. It’s often very difficult to stand your ground and say no or respond that the option available is not acceptable. The first couple of times you find yourself saying no might be very stressful, but the rewards ar
To make this possible, Digicash relied on its own newly minted digital currency: Cyberbucks. Plenty were impressed by Digicash's apparent potential to short-circuit the global financial system by replacing big, centrally-issued currencies with untraceab
Non-cash incentive programs and fringe benefits can have a powerful influence on attitudes, which should in turn improve results. You can give employees the greatest incentive program, however, by impairing a sense of ownership in the organization.If you don’t know what kind of incentive programs to employ so as to motivate your people to work and increase producti
Sadly, they were the only people who got excited about Digicash. Cyberbucks never caught on, and the company ultimately went bust, despite having a core business in smart cards for governments and banks.
The problem was that merchants hated the anonymity part, governments hated the alternative currency part, banks hated the competition and Internet users could not be persuaded they even needed micropayments at all.
Meanwhile, giants such as Visa and MasterCard began to pay attention and launched their own products and services for the Web. The rest is history.
But there is a new interest in micropayments that aims to tap the potential f
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