The payments industry has produced a long line of products, some more successful than others. In the past, product failures mostly fell into two camps: those that rushed to market and promptly exploded, and those that lingered in the lab, only to be tweaked, debugged and eventually abandoned.
In today’s mature payments ecosystem, the fast and sloppy crowd has gained an advantage over slow-moving blunderers for two reasons. First, the industry has moved away from heavy, proprietary systems into mobile, virtual and cloud-based technologies. Second, payments are now interactive, requiring delivery