Eric Grover
Principal, Intrepid VenturesEric Grover is principal at Intrepid Ventures, a corporate development and strategy consultancy advising payment issuers, networks and processors and other payments companies.
Eric Grover is principal at Intrepid Ventures, a corporate development and strategy consultancy advising payment issuers, networks and processors and other payments companies.
The central bank is merely an instrument of Congress when it comes to setting card interchange fees. Only by making lawmakers feel the heat will the industry see meaningful change.
Like a ratchet, price controls in the payments industry move only one way, destroying value and reducing incentives for innovation.
Government-operated payment systems aren't necessary and reduce choice, competition, innovation and value for consumers, businesses and banks.
While U.S. regulators pressure Visa and Mastercard, there's ample choice, particularly when compared to the national debit rails that exist in most of the world, says Intrepid Ventures' Eric Grover.
There’s a dynamic balance between the innovation and resiliency benefits of the messy, creative ferment of many smaller competitors, and an oligopoly or monopoly’s scale economies, says Intrepid Ventures' Eric Grover.
More lending regulation and interchange restrictions are on tap, says Intrepid Ventures' Eric Grover.
Alipay’s assembling a portfolio to stitch together a multinational financial services ecosystem. The mobile payments titan’s IPO will provide an enormous war chest to develop new services, turbocharge international expansion, and fund acquisitions, says Intrepid Ventures' Eric Grover.
Facebook's size and aggressive moves into mobile wallets and stablecoins pose a formidable threat to other big technology companies and traditional payment networks, says Intrepid Ventures' Eric Grover.
A staged implementation rolling up national systems offers EPI its best prospects. Still, it’s a long shot, says Intrepid Ventures’ Eric Grover.
Digital technology and the coronavirus recovery will dramatically alter payments in the year ahead, but the scale and benefits of networks will survive, Eric Grover of Intrepid Ventures contends.