I hosted a dinner last night with a focus upon developments with SEPA and innovation. What innovations has SEPA introduced? Long silence. To be honest, there are some – the ability to cash concentrate direct debits into the most efficient countries using SDDs (SEPA Direct Debits) for example –but the list is real short. We…
I discovered a fascinating report from Mobey Forum this morning. It was released this week, and says that “providing consumers with the convenience and functionality of mobile wallet technology will not be sufficient to drive mass-market adoption”. Mobey Forum – which describes itself as “the global bank-led industry association defining a prosperous mobile financial services…
There’s still lots of debate about the euro and Eurozone, with Greece imploding and now Italy et al all going up the Furka Pass, so to speak. Now I’ve been purposefully avoiding getting into the fray, as it’s not my place, although I’m quite outspoken in media outlets about such matters (checkout this Bloomberg video about…
I felt vaguely irritated today when an analyst from a major research firm was asked to position why NFC contactless payments haven’t taken off. He said they had analysed the worldwide global market for mobile payments, the demographics of takeup, the likelihood of using contactless payments, the audience for new forms of payments, etc, etc,…
I felt vaguely irritated today when an analyst from a major research firm was asked to position why NFC contactless payments haven’t taken off. He said they had analysed the worldwide global market for mobile payments, the demographics of takeup, the likelihood of using contactless payments, the audience for new forms of payments, etc, etc,…
During the conference yesterday, several presenters used video clips to illustrate the range of mobile payments options there are today. One of the longest and most comprehensive is a reworking of Microsoft’s Retail Banking Vision, which originally focused upon branch automation, to a mobile and branch version produced in association with BNP Paribas. It’s a good…
Another conference focused upon financial innovation today, and all the talk is about mobile stuff, Google Wallets, mobile stuff, Banksimple, mobile stuff and Movenbank. I’m regularly stressing today that we must:: stop talking about mobile; and talk about the point-of-life. First, stop talking about mobile stuff. The fixation with mobile is because it’s finally come…
Whilst Bendigo Bank in Australia is worried about Google and PayPal, Commonwealth Bank responded this morning by launching the first really innovative mobile app for payments that I've seen since BBVA's Strands. The app is called "Kaching", and allows users to pay with NFC and Facebook to almost anyone. On the bank's website, the key…
Whilst Bendigo Bank in Australia is worried about Google and PayPal, Commonwealth Bank responded this morning by launching the first really innovative mobile app for payments that I've seen since BBVA's Strands. The app is called "Kaching", and allows users to pay with NFC and Facebook to almost anyone. On the bank's website, the key…
Talking with some of the Financial Services Club sponsors last week, it is clear that there is still a debate raging about the future of cash. Like the future of branches, which both Brett King and I discuss endlessly, cash is one of the other traditional bastions of the old guard of financial servicing. Yet…
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