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Innovation in Financial Services

Archive for: May, 2011

Uri Rivner - BioCatch - Tel Aviv | 31/05/2011 | 4811 views | 1 comment

Did you pack yourself?

In my last year's summer post about travel deals I talked a bit about fraud in the “last minute” type of travel. But when you take a step back you discover quite a lot of fraud in the general airline sector, and it’s always interesting to think of what sort of cash-out options exist in the airline and hospitality categories. The ... Tags: Security, Online banking

Brett King - Movenbank - New York | 30/05/2011 | 3893 views | 1 comment

The coming clash of KYC and P2P

Clearly we are entering a phase of massive disruption to the payments system(s) and incumbents of today. To put that disruption in perspective, let's think about what has led up to the current slew of mobile payments announcements and improvements.PayPal evolves P2PPayPal commenced business in its current form around March 2000 with the merger betw... Tags: Mobile & online, Payments

James Campbell - Huben Consulting - Sydney | 28/05/2011 | 3897 views

Square: where's the jam?

On Monday 23rd May Square made a number of company and product announcements: The Numbers: 500,000 readers shipped, and a new peak Daily GPV* of $ 3 million, Square Register: the new iPad point of sale register application, Square Card Case: a new consumer payment wallet and loyalty promotions application. In suitable West Coast style they... Tags: Mobile & online, Payments

Bo Harald - ZEF Solutions - Esbo | 26/05/2011 | 4575 views

Online banking is not ready

Online banking is not ready as long as users: - users have to type in loads of reference numbers, dates, amounts etc when paying bills - do not get mobile notifications when needed for too low or too high balances, transactions effected, invoices received etc - cannot approve proposals with mobile press “a” for affecting proposal (in... Tags: Online banking, Payments

Brett King - Movenbank - New York | 26/05/2011 | 3109 views | 1 comment

Mobile Payments Palooza

Square POS and Cardcase, ClearXchange (BofA, Chase and Wells), Visa NFC trials, Google NFC trials - wow! Mobile Payments just arrived big time this week in the US particularly. So what does it all mean? Inevitability is biting Clearly there's a bunch of very smart people that have all come to the same conclusion over the last months. Mobile Paymen... Tags: Mobile & online, Payments