Avivah Litan

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Archives for May, 2011


Chavez figures out how to stop cross border fraud

by Avivah Litan  |  May 24, 2011  |  6 Comments

Just back from a trip to Venezuela, where many forms of crime and fraud, especially Point-of-Sale fraud, are rampant. According to the numerous bank managers I met with, merchants look the other way as their card readers are swapped out with those that have card skimmers installed. President Chavez has mandated that the country move […]

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Square’s clever formula for mobile payments – will it work?

by Avivah Litan  |  May 24, 2011  |  Comments Off

Square announced today its new iPad Square Register for merchants and its new Square Card Case for consumers. Although only 50 small merchants are currently using the new applications in major U.S. cities, I expect they will boost Square usage, and that the firm won’t have any trouble meeting its estimate of $1 billion in […]

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