Chris Skinner's blog

Shaping the future of finance

Payments

A new PSD-approved Payments Institution starts business

Nick Ogden, CEO and founder of Voice Commerce (he previously created WorldPay, the RBS payments unit, back in 1993 and sold it to them in 2002*), recently spoke at the FSClub about using voice biometrics as part of authentication in mobile financial transactions. Who are Voice Commerce Group?  Best to read what they say about…

Who remembers our flexible friend?

Just chatting with a chap over the phone to make an order for some bathroom stuff, when he asks for my Visa or Access card details. Of course he meant MasterCard not Access, and soon corrects himself apologising for his age. “Oh no, I remember our flexible friend well”, I say … It just goes…

Access

If identities are unique, why do I have so many?

It’s a question I’ve asked before, but is becoming even more pertinent as I see new identity management programmes being rolled out that are fragmented, uncoordinated and, in some ways, nonsensical. The point was brought home to me as I listened to the stream of discussion about identity management that took place as a workgroup…

Summary of the payments landscape

I just received the 10-page summary of this year's IPS show.  Great document produced by the indomitable Heather McKenzie – good job.  Here's a little snippet to wet the appetite of those who missed it: There was a mood of cautious optimism at this year’s conference as delegates focused on the opportunities that have arisen…

USAA: #1 for Customer Service

Great article from Bloomberg Business Week about their #1 Customer Service Champion Provider: USAA. Here are a few selected pieces from the story: Since we first produced the list in 2007 with our research partner, J.D. Power & Associates, no other company has come close to achieving USAA's feat: a No. 1 or No. 2…

USAA

Why PayPal et al REALLY matter!

So yesterday I argued that PayPal and their brethren of social monies don’t matter. It was like unleashing the sceptical banker that I know resides deep within me, and it felt good. Then I got a dose of new reality vision (maybe due to so many comments on yesterday’s piece) and it felt not so…

PayPal for biz

Why PayPal et al don’t matter

Many of us get excited about new and different toys in the payments world. From Jack Dorsey’s twittering Square to PayPal’s billions of payments, we think the world is changing dramatically. SMS texting payments in Africa and credit exchanges on Facebook add weight to our arguments for change in the core of bank processing. We…

Towards Currency Union

I've been studying developments in the Middle East lately, and particularly the countries of the Gulf Cooperation Council (GCC). The GCC has been running since 1981 and comprises six core states of the Persia Gulf Region: the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Qatar. The GCC is a bit like the EU, which formally…

GCC Half Diner

Innovations and snails

According to Fast Company, only one of the Top 10 financial websites of the world comes from a traditional bank.  That bank is Itaú Unibancoe in Brazil.  Well done Itaú Unibancoe … what happened to the rest of you? Oh yes, banks don't innovate.  I forgot. Mind you, plenty of innovation from outside banks and…

The Card Awards 2010

BLOG ENTRY SPONSORED BY: I've just received the magazine announcing the winners of this year's Card Awards (last year's winners can be seen here).  And the envelope openings went to: Best New Credit Card Product of the YearPayPal and Santander Cards Best Credit Card Marketing Campaign of the YearBarclaycard Best New Prepaid Card Product of…

Virgin Money