Had me going til I saw the Yahoo address.
Seriously - enlighten me as to the point of luring you to a UPS tracking site?
20 May 2011 20:29 Read comment
I thought I should have signed up to this, and then just did to evaluate. I think it is financial aggregation at the right level, but shows that there is still a high degree of cautioness (rightly) to providing banking details to any third party. Like others, I would like my Fx Txns in one place, but not sure I trust any third party enough to give the access needed! Only if my bank/institution had a special agreement would I do it. And that's the problem - they don't. So I would only use to link to the merchants which reduces the value.
Worth a try though, while it lasts. Maybe it will evolve later.
20 May 2011 14:54 Read comment
Can we have the code added to Blog comments too? That's where the most interaction is. There is less on the News feed items.
20 May 2011 14:32 Read comment
I wish I had signed up. Its a level of financial aggregation that I think is really useful. But as with previous aggregation service attempts it shows there is still a suspicion and that causes a barrier to engage.
20 May 2011 14:09 Read comment
Just a slight aside - I found it typical that the welcome page for MC shows a consumer 'handing over their chip and pin smart card' to the merchant ( http://www.mastercard.com/global/). There is never a need to part with ones chip and pin with a reputable merchant!
On the Sony debacle - I think it shows me that the PCI standard is more of a best practices guideline than a policed standard.
11 May 2011 23:20 Read comment
Yep. And the problem with slow sites is that you end up multi-tasking and flicking to another windown while you wait. The session is a fragmented experience and hence a bad one. Worse, you leave windows open and forget them, get timed out and have to re-connect when you realise - insecure and frustrating.
Never have that problem on Finextra ;) (I claim my prize)
10 May 2011 17:17 Read comment
Yet another. All very good but when will we see an MNO use NFC to make payments from a MNO wallet, instead of a card one? The likes of Mastercard are leading the way because of the NFC enabled POS terminals, but I see no reason why an Operator cannot use its own radio network as a transaction capture channel and use the NFC ID as ID or simply to add authenticity to the MSISDN (if passed). The question is where and how to issue the transaction confirmation and receipt to the Merchant! In this world of Apps, a secured Merchant and Customer App can be developed which turns every smart phone into both a POS device and a Cashtill.
Combine the accelerometer and the Customer can 'bump' the Merchant to obtain the Tx details (entered by the merchant directly or via scanning a barcode or as preloaded options) then commit the payment.
Needs tuning but I wouldn't want to design it all here ;)
10 May 2011 17:11 Read comment
I think the Sony disinformation was a complete mess. It doesn't look they they were even attempting to be PCI compliant, and so the question is what will the industry do about that? Probably nothing again, if Sony fall into the category of 'too big to touch'? Sounds familiar.
05 May 2011 07:26 Read comment
Its ironic that from the Mobile Operator perspective the innovation is often seen as been from the banking/payments sector and not the Operator sector! The reality is that both the Banks and the Operators are drawn out of their comfort zones for different reasons. Operators fear the risk management and payments regulatory environment, and Banks fear the liabilities and possible exposures of leveraging the 3rd party mobile channel. The result is stalemate and often a little suspicion of each other.
In between are the Payments networks. They are currently driving (and ring fencing) the adoption of NFC as the next big thing.
These initiatives and other Over the Top players are gradually working their way around the lack of framework provided by both Banks and Operators.
19 Apr 2011 12:57 Read comment
Hi Robert,
Agree except for (3). You don't really mention the danger in 'apps' per se. Whilst we are more careful about rogue scripts via our browsers, we are more naive about the access that Apps can demand of our smart phones. Even very innocuous Apps can ask for the ability to read and modify contact or other data on your device, as well as detect location, call lists and everything else.
One of the worst offenders can be those apps you mention for (3) - who knows who these companies are, or will become, or have links to? There have been a handful of amazing stories of smart phone recovery but I am still sceptical about the real likelihood of success. Don't the Mobile Operators already have the ability to disable a know IMSI when it is reported stolen and then appears again? This makes it low value for thieves and so the greater risk is protecting your data with a SIM lock pin in the first place - not handing the crown jewels to some insideous 'locator' app.
Not to mention that these Apps run your battery down and drag your OS in to the realms of slow motion.
18 Apr 2011 23:24 Read comment
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