Payments

Feb 22, 2013

A new currency payment system is about to explode

Before leaving the subject of , personalisation and virtualisation, there’s one last area that is worth delving into. This one came up when I was working on my latest iteration of the way in which money is evolving, and I have the firm belief that the exchange of value digitally will be as, if not…

Feb 21, 2013

Don’t forget socialisation and gamification: tomorrow’s banking today

Building upon the discussions about personalisation and virtualisation, these are important. In fact, as I’ve mentioned before, personalised, virtualised in real-time on my mobile is PFM-squared (does any of that last sentence make any sense?). So then I was recently asked to address a conference with a mix of banks from all sectors, and to give…

Feb 21, 2013

Don’t forget socialisation and gamification: tomorrow’s banking today

Feb 19, 2013

If you didn’t think a payments revolution was taking place, think again

If you didn't think there was a payments revolution taking place, then think again as dealmaking websites like Groupon, Living Social and Huddlebuy have been pushing payments systems. It makes startling and notable change when you see consumer-based services pushing merchant and business based services at low cost. First there was my free deal for…

Feb 19, 2013

If you didn’t think a payments revolution was taking place, think again

Jan 23, 2013

Money is meaningless

I’ve blogged and presented about this subject many times before, so rather than repeating all that, here’s a summation with a new twist. Money is meaningless because we no longer deal in money. When we use the word money, most of us would envisage some brand new shiny, crisp notes coming out of a cash machine,…

Dec 6, 2012

Sexist Barclaycard ad alienates customers

I've worked for American firms during my main working life, just as we saw the rise of political correctness (PC) and the PC-police. It got to the stage where you couldn't even say "I like your new hairstyle", without falling foul of the PC-police (I know, as one of my male colleagues in Chicago got…

Dec 6, 2012

Sexist Barclaycard ad alienates customers

Nov 27, 2012

£3 million from a simple ATM skim

I was just surfing the BBC news for information about the new Governor of the Bank of England and found this as the #1 most viewed video clip today. The story is about a Romanian fraudster who admitted to stealing £3 million from a card-skimming scam. He couldn’t exactly deny it, as he was caught…

Nov 26, 2012

Are we on or off the rails

At SIBOS 2012, I led a session on the future of money along with Udayan Goyal … … and asked the basic question: will the future still be built on the banking foundation? I'm writing up the session again, as my original description left out a core conclusion about the need to adapt to the future…