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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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Today, three CEOs of the UK top mobile operators shared their view on Weve. Let's get it straight from the horse's mouth. The use of smartphones to "shop with and buy everyday items instead of credit and debit cards" was singled out as a major opportunity for brands. The operators were referring to consumer brands there, yet the only bran...
21 March 2013 /payments
Bankers in Asia are preparing for increased intra-regional trade with the proposed creation and integration of the ASEAN Economic Community by 2015. This integration will bring better banking infrastructure for regional trade, especially in the payments area. Asian corporates are looking to grow their offerings and markets beyond local borders, an...
20 March 2013 /wholesale
Four months ago, one of my "educated guesses" for 2013 was the rise of BLE (something which I was writing about since mid-2012). I can tick that one off now - thank you, Microsoft. I also predicted the rise of embedded secure element. Tick - thank you, Samsung. Two next predictions of mine to hatch soon: NFC on iPhone (including SIM-bas...
20 March 2013 /payments
The proposed tax on bank deposits in Cyprus in return for a 10 billion euro bailout from the IMF and European Union strikes at the heart of the most precious asset in retail banking: depositor confidence. In previous bailouts the beneficiary country has had to contribute in some form, and this one is no exception. The problem is a lack of suitable...
19 March 2013 /payments
Mobile Payments are an increasingly important element of the payments ‘ecosystem’. This is a brief guide on the current options available and their associated benefits and issues. To apply some context here – the Use-Case discussed is a consumer using their mobile device to pay a merchant for goods or services. The focus here is on the issu
19 March 2013
Recently, Dave Birch confirmed what I learnt the hard way at the beginning of the TEDIPAY journey: consumers are wrong. That was why three years ago we decided to follow Steve Job's advice who famously said that "it isn’t the consumers’ job to know what they want." It seems that more and more companies have started to realize that &quo...
13 March 2013 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
http://youtu.be/Kb3q2viAbbk Great vision. Decent preacher. If you do not know where you are going, any road will do. Or even worse - nobody is going anywhere.
This article originally appeared on the ModPay blog on 14 December 2012. --- You may have read week commencing 8 December 2012 about the announcement by Bitcoin Central, or rather the company behind the Bitcoin exchange, Paymium. Their partnership with Aqoba, a French PSP, was reported to give them the ability to hold full bank accounts. This is ...
07 March 2013
How to commit a credit card fraud? "Simples!" - emboss card number on the card itself. The credit card predecessor (called "Certificate of Credit") didn't have a card number at all, just the bearer's name - there were not that many people who were wealthy enough to have such a certificate back in the 20s in a given area, I gues...
06 March 2013 /payments
McCormack told a good story about the chairman of Rolex not knowing much about the watch business as he said his company was in luxury business. What many people missed or simply didn't pay much attention to at MWC in Barcelona was Apple's absence. What business is Apple in? IMO, UX. Someone said Apple is about quantum leaps, not incremental steps...
02 March 2013 /payments
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