Right - I guess it would be blind incompetence if they weren't planning for this option. Hang on minute... does that mean lessons actually learned from the past?
26 Jan 2012 13:20 Read comment
We have the Streamezzo Workbench and Eclipse based IDE. It takes the Javascript from Web Apps and using 'InstantScript' (Java) transforms that into the native API call for the device. The App is packaged up for the target device(s) using the workbench and means that native content/code can be updated silently and online as required (e.g fixes and graphical updates). Its WAC API compliant.
We call this bridge between HTML5 presentation and native app execution HAWK (HTM App Wrapper frameworK). Advert over!
26 Jan 2012 10:44 Read comment
Agree with the above comments - thats why our approach is via a device abstraction layer enabling a single native app to be deployed across any mobile device and benefit from the native functionalities, but with an HTML5 presentation wrapper to make the presentation ubiquitous (and can also leverage HTML5 functions too). Cool (but serious) stuff.
25 Jan 2012 13:27 Read comment
Sounds about right. I was waiting for iZettle to arrive in the UK as its solution is a Chip reader, as I recall. Currently in Sweden only. Its EMV approved.
24 Jan 2012 13:57 Read comment
If you want x then ask for 10x That seems to be SOPA. The other problem is that the intent is one thing, but the application of the resulting 'law' is quite another. Take anti-terrorism and Health and Safety laws as a good example - the intent is perfectly sane, but the application to any number of totally un-intended situations is perverse. Remember that the law is an ass and see where legislation like SOPA will lead you.
23 Jan 2012 09:50 Read comment
What is it when greedy bankers sell things they don't own at all or own yet? Is that Short Selling. Or when an investment fund promises a golden return but simply funds the return from new buys deposits? That's a ponzi system, that's what.
When banking was about real gold and real notes, it was easy to track. Now it is about electronic money and transfers of numbers on a balance sheet - so easy to fiddle (shouldn't be though). Its been fiddled for so long there was a huge hole waiting for us to fall in it. Now the public is being asked to fill that hole while banking goes off to dig new ones.
The pursuit of money has ever been a dirty one - fighting wars, plundering, robbing, fraud. Legitimate business makes money selling a product for more that it costs to produce (doh) or simply selling something for more than it costs to buy (including shorting).
Anyway - surely there will be illiquidity when noone wants to sell (perhaps because they would be losing by selling). Or when noone wants to buy because they have no customers to sell to? Would that be a sign of a stagnant market.
There was once (supposedly) so much product (e-money) in the system that bankers were throwing it about cheaply. That was excess liquidity. I suggest that there simply was not that amount of money in the system and it was a giant accounting fraud and ponzi system in motion. Where did it go? It wasn't simply wiped off the value of stocks and shares. And there's a big banking industry that just wants to brush it away and get back to doing things the same way?
No wonder banker bashing is popular.
I will post this anonymously becuase I simply present this as Devils Advocate.
20 Jan 2012 15:20 Read comment
Nice debate. I learned a lot and that Short Selling is maybe not so evil (just a little unintuitive).
But on the last point here - I don't really think there can have been enough bad 'sub-prime' mortgages to cause the damage and debt seen. It was way bigger than retail mortgage lending. Money was leaking out elsewhere leaving a big void that collapsed in on itself.
18 Jan 2012 13:58 Read comment
Erik, a brave and honest assessment. Its not often that predictions turn out exactly right, but often events are spun to make it look like they did! Good luck in 2012.
06 Jan 2012 11:06 Read comment
Like this Finextra news report: https://www.finextra.com/news/fullstory.aspx?newsitemid=23288
06 Jan 2012 10:46 Read comment
Brett,
I thought this was going to be a blog about how to save USPS, but very valid introduction to identity verification. In fact, Post Offices could be used by Banks as a (more) local trusted agent to perform identity verification for them. In the UK, the PO is used as a trusted agency of the Passport Office to pre-vet Passport Applications - everyone wins because it saves many returned applications due to non-conformance or missing information.
Whilst on the subject - it was always the case in the UK, and probably still is, that the banks were running scared of the PO entering the financial services arena. Think of the number of transactions that a typical PO performs, compared to the relatively small number of retail banking ones that a bank performs for Joe Public. If the PO were 'allowed' to compete with the high street banks, they would have a much healthier business, but unfortunately the regulators here restrict what services they can offer. Even PO Savings Accounts are restricted.
If you want to save the Postal Service, lverage the huge presence and expand the types of services they perform to include money transfer, top-ups, cash-in and out to bank accounts (PO and other), identity agency, witness service, share dealing etc etc. One terminal and a good DSL connection can serve all, with a central pool of experts to support the provinces and keep training and skills to the minimum.
05 Jan 2012 14:37 Read comment
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