Technology

After the news of a banker’s offspring trying to blow up a flight on Christmas Eve by hiding explosive materials in his underpants, we wonder how such individuals get away with such acts. Can’t we monitor them better? Is there no way to identify the honest person from the dishonest from the outright terrorist? This…

Everyone's getting real excited about Jack Dorsey, the co-founder of Twitter, and his new payments application for the iPhone called Square. If you haven't seen it, here it is: In a lengthy interview with Pymnts.com, Dorsey says:  "We can provide a lot of things that I think have been missing in payments – specifically like…

As if to support my contention that a NEW bank should focus upon offering the world's best remote channel banking, the Payments Council released the following press release today: "It is just 12 years since internet banking began, but its popularity has grown so much that, in the first half of 2009, 22 million adults…

I’ve been noticing more and more apps for providing information about our environment. Known as augmented reality – rather than artificial reality where you go into a completely fictitious world – the use of such services is increasing rapidly. A good example is the SkyMap app on the Google Android mobile: Simply holding up your mobile to the night…

I chaired a dinner last night on remittances and it was pretty interesting. The term ‘remittances’ is generally used to refer to foreign workers sending money home and represents major GDP for many countries. For example, Tonga’s remittances represent 40% of the country’s GDP, Samoa’s is 25%, Jamaica’s is over 20% and the Philippines 10%….