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Ben Gilbert

πŸ‘€ Speaker
35701 total appearances
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Appearances Over Time

Podcast Appearances

Acquired
Coca-Cola

And on top of all this, this is kind of a new product category, this notion of a soft drink that's not a patent medicine that's much cheaper than traditional patent medicines.

Acquired
Coca-Cola

And so you do actually need to do some category creation marketing where you make people aware that this cool new thing exists.

Acquired
Coca-Cola

Yep.

Acquired
Coca-Cola

Pretty sweet deal if you can get it then, and pretty sweet deal to be McDonald's today offering my large Coke with a meal.

Acquired
Coca-Cola

Which he generally was slowly over all these years.

Acquired
Coca-Cola

Without telling Robinson.

Acquired
Coca-Cola

Yes, who wants to wish all of you a happy holidays.

Acquired
Coca-Cola

Happy holidays.

Acquired
Coca-Cola

And to share some stats on how their infrastructure kicks off its holiday season.

Acquired
Coca-Cola

So last year, they processed over $53 billion during Thanksgiving week.

Acquired
Coca-Cola

That is insane scale.

Acquired
Coca-Cola

At one point on Black Friday last year, they were processing over 6,000 transactions per second, and that is actually 17% higher than the previous year.

Acquired
Coca-Cola

On our history of credit cards a few years ago, we told the story of how in the early 90s, customers behind you in line used to get mad if you pulled out a credit card because it was actually slower than cash.

Acquired
Coca-Cola

It's hard to fathom today that payment processing was measured in seconds and in minutes, not in milliseconds like today.

Acquired
Coca-Cola

Well, that's where I was going.

Acquired
Coca-Cola

Our friends at J.P.

Acquired
Coca-Cola

Morgan told us that 50% of the top 10 online transaction days now occurred during the Black Friday to Cyber Monday period.

Acquired
Coca-Cola

But that means that the payment landscape has gotten enormously more complicated with all the different ways to pay.

Acquired
Coca-Cola

This is awesome for consumers like you, David, but it creates a ton of data for merchants that causes complexity, especially with holiday shopping.

Acquired
Coca-Cola

Enter JPMorgan Payments Commerce Solutions.