31 July 2016

Innovation in Financial Services

A Finextra Community Group

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Archive for: June, 2008
Dean ProcterTransinteract - Sydney

Spare a thought for the waiters with mobile money

18 June 2008  |  2668 views  |  1 comments | recommendations Recommends 0

I'd just like to let the waiters and waitresses of the world know that we have thought of them with our mobile solution for transactions. Hospitality staff are all very important to both commerce and personal business, and we'd like to show our appreciation. We have designed a payment system which allows for tips and gratuities and they can go stra...

TagsPayments
Dean ProcterTransinteract - Sydney

The future of financial services?

17 June 2008  |  2960 views  |  1 comments | recommendations Recommends 0

I digress and had to get back to my own blog and have posted a response to Jean-Philippe. We obviously look at things from different viewpoints, and you make a good point, yes, nothing is 'free', however the cost of mobile transactions have the potential to be significantly lower than present credit or debit card networks currently levied on mer...

TagsPaymentsRetail banking
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Dean Procter
Dean ProcterTransinteract - Sydney

Consumers may give fingerprints the finger

17 June 2008  |  3656 views  |  1 comments | recommendations Recommends 0

I know I'm a promoter of mobile payments, but really I'm just a promoter of doing it easier and safer. I am not keen on fingerprint scanners, they are not easier or safer. Fingerprints are not reall...

TagsPaymentsRetail banking
Dean Procter
Dean ProcterTransinteract - Sydney

Fraudsters must love the flawed card system

12 June 2008  |  3012 views  |  1 comments | recommendations Recommends 0

They aren't even really fraudsters in the old-fashioned sense of the word, more like FLAWDSTERS. Yet another flaw uncovered in the card based transaction system? Why am I not surprised? Here's a de...

TagsCardsPayments
Dean Procter
Dean ProcterTransinteract - Sydney

No surprise on interchange pressure

07 June 2008  |  2618 views  |  0 comments | recommendations Recommends 0

The recent moves by legislators on both sides of the Atlantic to rein in interchange fees is no surprise though the companies involved may continue to ignore the writing on the wall, those fees and ma...

TagsCardsPayments
Uri Rivner
Uri RivnerBioCatch - Tel Aviv

Web 2.0 Banking Authentication

04 June 2008  |  4374 views  |  0 comments | recommendations Recommends 0

Web 2.0 and banking seems like an interesting mix. This article (http://www.finextra.com/fullstory.asp?id=18544) actually mentions several loosely coupled items related to this: Providing online ban...

TagsRisk & regulation
Dean Procter
Dean ProcterTransinteract - Sydney

Mobilisation - The Art of War in Transaction Space 2

02 June 2008  |  3306 views  |  1 comments | recommendations Recommends 0

(C)WAP is a waste of time for mobile banking and too slow for most uses and will just lead to pain and suffering by both consumers and banks, not the least because of security, but by all means try an...

TagsCards
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Founded by Elton Cane
Date 12 Nov 2007
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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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