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Monday, August 27, 2012
A Leaner and Meaner Payments Model
We Americans are fat cats. It's one of the reasons the country is in a recession. We have an insatiable appetite for everything, especially convenience, which makes us physically and intellectually lazy and much less introspective. Consumers expect three pharmacies on a high traffic intersection, four big shopping malls within fifteen minutes of each other, gourmet coffee on every block, and faster, fast food. When life is good, Americans seldom look around and think, what can we do without? But add a nasty recession to the mix, and things change.
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