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Whillst 48% of consumers who responded to this survey are prepared to have their money managed by US companies (all four are American), I would not put my faith in any of them, since they are proven to have few ethics. What happens when something goes wrong with your bank account? How will you get it resolved? None of them are reknowned for customer service in the face of a problem.

So RBS is ten years or more behind the curve. Whoever made this decision should be fired.

I could not agree more with your sentiments. However, I am sure that I am not alone in having my main credit card with a different organisation to my bank and having savings products with several different organisations (a building society & National Savings to name two). As a result, my principal bankers do not have a complete picture. I also had my mortgage with yet another bank. So how does my principal bank get a complete picture of me? and my needs?

It should not be beyond the realms of possibility for the domain issuers to ask what the domain is to be used for when it is obviously being established to carry out fraud.

Bo, how much do merchants pay credit and debit card companies each year? How much do the merchants pay as a percentage per transaction on a credit or debit card and how does this compare to the cost of handling cash per transaction?

I am confused by this announcement. System Access, a Singaporean provider of banking back office systems, was sold to Sungard for $120 million in 2006 and rebranded as Ambit. Just before Sungard was acquired by FIS it sold Ambit to Silverlake Axis for $12 million. So what is FIS selling?

Great analysis.

By 2043 we will all be using flying cars and it will be optional to take up residence on Mars.

An excellent summary. If technological advancements continue you can expect high unemployment amongst the less well educated, which will lead to higher crime rates and the potential for riots. When people are hungry they get desperate.

I am a little surprised that London has become the 17th office location for a company in financial services strategy and management consulting when London is one of the three largest financial services centres in the world. Why were they not in London earlier?

I had already reduced my use of VISA down minimal use, because of their inability to process on-line purchases (I have had several major purchases refused without explanation or intervention). Now I will drop VISA completely.