At SIBOS 2004, Heidi Miller asked tough questions of the payments community. I often refer back to her speech, particularly the statement that, in the age of the internet SWIFT, “what have you done for me lately?” This inspired our payments survey, the results of which are now available as mentioned yesterday but, in another…
During the spring, we reached out and asked readers and FSClub members to provide their views, via an online survey, of the world's largest payments infrastructures and whether they are fit for the purpose they are being used for today. Last night, we released the results of the research at a dinner hosted by survey…
There was an interesting statement from one of the banks at this week’s conference: “we wish we could just take a real-time NFC payment direct from the mobile contactless terminal in the merchant and straight through to the bank’s deposit account.” This got me thinking: “why not?” Why can’t a bank take a payment direct…
There was an interesting statement from one of the banks at this week’s conference: “we wish we could just take a real-time NFC payment direct from the mobile contactless terminal in the merchant and straight through to the bank’s deposit account.” This got me thinking: “why not?” Why can’t a bank take a payment direct…
Just got home from travels and found a leaflet on my doormat. Usually such leaflets get thrown in the bin, but the strapline “start a whole new movement” in orange intrigued me. I wonder what this is about I thought, as I’ve never had junkmail from what I assumed was Orange, the mobile phone operator….
I recently stumbled across a link to a report on Mobile Money in Afghanistan. It's a fantastic and in-depth report on the ground, interviewing Afghanistanis on their views about moving money and its challenges. Here's a brief summary of the introduction to the report: Over half the world's population lives without reliable banking institutions. They…
OK, so I said that banks would absolutely not be disintermediated last week, and it sparked some interesting debate and dialogue. A few folks were incredulous that I could say this; others thought it made eminent sense; some noted that the movement of money could be disintermediated, but the holding of money could not; whilst…
I got an interesting link last week to a new website called Serve.com. It’s the website spawned from the takeover of Revolution Money by American Express for $300 million last year, and goes live today with a marketing blitz across the USA. The service is basically Revolution Money’s MoneyExchange, Version 2.0. If you’re not familiar,…
Mobile featured heavily throughout the International Payments Summit and it is clear that mobile is not only important; it is imperative. This was made loud and clear by a comment from Daniel Marovitz of Deutsche Bank that it used to be that online and offline worlds were separate because, to make an online payment, you…
