4813 Results from /payments
Retired Member
As the inventor of patent 6,931,382 USPTO (granted on August 2005), I recall the hardship of not only having to design, document, defend my patent application but having to prove that it is beyond being a concept by actually creating the actual system to prove that it works. Patent 6,931,382 includes claims of : systems that automatically enable c...
15 April 2008 /payments
Ebay restrains Paypal competitors by banning other payments in it's march towards monopoly. Financial institutions should be concerned that Ebay/Paypal is entering the financial services sector without being required to adhere to the same laws as FIs. The playing field is no longer level when a major global payment player is able to ignore laws de...
10 April 2008 /payments /retail Whatever...
It seems everyone is getting 'into' mobile transactions, mostly without thinking. Paymate India have introduced SMS based payments:; "Once you choose to pay via PayMate at any of the accredited merchants, all you have to share is your mobile number" [with everyone you are paying.....great idea NOT!]. It might seem funky giving your pho...
07 April 2008 /payments /retail Innovation in Financial Services
More about 'Mobilisation and The Art of War in Transaction Space'. Whether online or in a branch - people DON'T WANT TO 'BANK' - it's just a necessary evil. The main reason that banks don't feature in the brand love game is because people don't like to bank. People like easy money. Easy to keep safe, ie. 'The burglar can find it under my mattress...
06 April 2008 /payments /retail Innovation in Financial Services
Not so fast... " Including and distinguishing prior art in the patent application, which will be noted in a patent if and when a patent ultimately issues, entitles the patent holder to this tremendous presumptive advantage, by law. " I took a look at Bank of America's patent - 7,319,986 issued Jan. 15, 2008. In BofA's patent, there was...
04 April 2008 /payments
Our daily life could be very interesting, picturesque and even dramatic. Never dull. There are plethora of institutions and its employees making our existence easier with regulations, anti acts, directives, laws, strong recommendations etc., in the union, called European Union. Protecting honest and diligent European citizens from what? From money...
04 April 2008 /security /payments
Bank of America have done well to emulate their customer's actions automatically. I've been only transfering the amount I wish to pay into my special travel and 'internet only' Visa Debit corporate account card due to concern about card security. I know others who do the same. Automating the process makes it easier for corporations to alter their...
04 April 2008 /payments Whatever...
Things aren't getting any better. Metaphorically though: "A patient in pain, facing death, will pay more for the cure than they would have before they believed they had the disease" - Dr Procter. "What disease, what pain?" you ask. "It still cost them less than replacing the cards." He's still going to get sick again,...
04 April 2008 /payments Innovation in Financial Services
I look around and see a lot of money in the payments business, both to be made and being invested. It's obvious we aren't seeing the killer application out there yet but the market is heating up. I see KKR's move into payments through First Data and Western Union as having some potentially big upside. It may be the hedge against any potential loss...
03 April 2008 /payments /retail Futuristic Banking
One thought about RFID with the contactless keyring or indeed Bank Cards or Travel Cards that seem to be springing up everywhere with varying degrees of success. Limited channels, i.e. RFID can only reach say 15-25% of channels and requires readers. Add Optical Reading and at far less expense you access another 60% of channels - newspapers and tv a...
01 April 2008 /payments
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