Chris Skinner's blog

Shaping the future of finance

Payments

Every credit and debit card has been breached

I cannot believe, when we’re all absorbed by the inauguration of a new President in the world’s largest economy, that Heartland Payments Systems had the lack of heart to release news that malware on their systems had been recording every payment made through their network to an external source. Heartland Payment Systems chose to release…

Every credit and debit card has been breached

I cannot believe, when we’re all absorbed by the inauguration of a new President in the world’s largest economy, that Heartland Payments Systems had the lack of heart to release news that malware on their systems had been recording every payment made through their network to an external source. Heartland Payment Systems chose to release…

Why banking will be free (Part 1)

Some people cannot understand why I blog everyday and so frequently, especially as it's free.  They actually think I should charge something for this stuff! Sure, it would be nice, but I learned a long time ago that being free is far more effective than charging for everything.  In particular, I spent some time with…

Why banking will be free (Part 1)

Some people cannot understand why I blog everyday and so frequently, especially as it's free.  They actually think I should charge something for this stuff! Sure, it would be nice, but I learned a long time ago that being free is far more effective than charging for everything.  In particular, I spent some time with…

Why banking will be free (Part 1)

Some people cannot understand why I blog everyday and so frequently, especially as it's free.  They actually think I should charge something for this stuff! Sure, it would be nice, but I learned a long time ago that being free is far more effective than charging for everything.  In particular, I spent some time with…

What does a $100 trillion note look like?

I blogged last year about Zimbabwe and their issues. Back then, ZW$10 million notes sounded like a lot: but they are not.  Today this note is worth just nothing in the local economy which is why, last June, the National Bank of Zimbabwe released the ZW$100 billion note: but ZW$100 billion is only enough to…

Q-photo-zimbabwe-currency-ten-million-dollars

What does a $100 trillion note look like?

I blogged last year about Zimbabwe and their issues. Back then, ZW$10 million notes sounded like a lot: but they are not.  Today this note is worth just nothing in the local economy which is why, last June, the National Bank of Zimbabwe released the ZW$100 billion note: but ZW$100 billion is only enough to…

Q-photo-zimbabwe-currency-ten-million-dollars

Mobile payment provider ‘infuriates’ banks

I've blogged a few times about M-Pesa.   The first time was in late 2007, when Citibank did a deal to roll the M-Pesa model worldwide for remittances.  Then again in 2008, when Royal Bank of Scotland (RBS) announced the idea of a business model based upon being an MBNO, a Mobile Banking Network Operator.  The idea of the latter…

Mobile payment provider ‘infuriates’ banks

I've blogged a few times about M-Pesa.   The first time was in late 2007, when Citibank did a deal to roll the M-Pesa model worldwide for remittances.  Then again in 2008, when Royal Bank of Scotland (RBS) announced the idea of a business model based upon being an MBNO, a Mobile Banking Network Operator.  The idea of the latter…

PayPal’s tenth birthday party

Last night was the first meeting of the FSClub for 2009. I wanted to make it a party, and rather than making it a party for the sake of a party, we made it a party for something else. The question is, what could we make it a party for? Motown? Possibly.  Motown celebrated fifty…

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