Blogging about Twitter in January and February identified it as a new, social networking focal point, due to the rapidly growing numbers of fans of their service. Now there are many folks asking questions about Twitter, as it gains momentum. For example, in the last few days, Paul Penrose at Finextra asks: "What’s the point…
This is the sixth post in a series about why banking will be free (you can find Parts One, Two,Three, Four and Five if you want to). In this area let's get into collaborative technologies and, more specifically, collaborative competition. It seems like an oxymoron to talk about collaborative competition and yet for years we…
I haven't written much about SEPA, the Single Euro Payments Area, lately because there's not been much to update although the last time I did, I asked the question: "Are SEPA and the PSD completely broken?" However, there is now some news as I was with Gerard Hartsink in Hong Kong and Ruth Wandhofer in…
I haven't written much about SEPA, the Single Euro Payments Area, lately because there's not been much to update although the last time I did, I asked the question: "Are SEPA and the PSD completely broken?" However, there is now some news as I was with Gerard Hartsink in Hong Kong and Ruth Wandhofer in…
MasterCard PayPass just issued their 50 millionth contactless chip card at the end of 2008. It's a bit of a milestone as that doubles the number of PayPass contactless cards in circulation in just one year, and supports the recent conclusions of a BAI Study in the USA which finds cash rapidly reducing at Point-of-Sale….
Talking about knowing where and who the customer is, I attended a fascinating discussion earlier in the week. We were brainstorming security, trust and protection of critical financial infrastructures and had a variety of breakout groups looking at different aspects of such systems. The breakout group I joined started with a scenario of the near…
Talking about knowing where and who the customer is, I attended a fascinating discussion earlier in the week. We were brainstorming security, trust and protection of critical financial infrastructures and had a variety of breakout groups looking at different aspects of such systems. The breakout group I joined started with a scenario of the near…
I blogged the other day about knowing where customers are, but knowing who they are is always a challenge. Banks continually talk about fraud and the lack of dependable identification and authentication methods. We talk about things you know (a PIN number), things you have (a card or phone), but things you are (blood, DNA,…
I’ve talked about UMPay, a JV between Unionpay and China Mobile, as well as eBank, an internet bank leader in Japan now owned by an etailer, Rakuten Group. This leads nicely into what is probably the most innovative bank I've seen so far: Jibun Bank, a Japanese bank which translates into ‘my bank’ in English….
I’ve talked about UMPay, a JV between Unionpay and China Mobile, as well as eBank, an internet bank leader in Japan now owned by an etailer, Rakuten Group. This leads nicely into what is probably the most innovative bank I've seen so far: Jibun Bank, a Japanese bank which translates into ‘my bank’ in English….
