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4813 Results from /payments

Paul Penrose

Paul Penrose Head of Research at Finextra

Funny money

Online universe Second Life has been lauded by the serious business press as a glittering land of opportunity, a rapidly-expanding economy where fortunes can be made by game-players buying and selling land and turning tricks in return for convertible Linden dollars. But when venture consultant Randolph Harrison and a hedge fund manager friend sunk...

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Paul Penrose

Paul Penrose Head of Research at Finextra

The virtual Bank of Microsoft

Is Microsoft trying to create its own online currency? It’s an issue worthy of consideration, following the Zune music player release late last year. Consumers wanting to buy and download songs from the Zune music store are finding that their greenbacks are not accepted at Microsoft’s virtual checkout. Instead you have to convert your hard cash to...

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Paul Penrose

Paul Penrose Head of Research at Finextra

Moving the deckchairs at CSFI

So farewell then David Lascelles, the former banking editor of the Financial Times who co-founded respected City think tank The Centre for the Study of Financial Innovation with Andrew Hilton in 1993. After 14 years at the helm of CSFI, Lascelles is taking up a backroom position as a senior fellow. Over the years the CSFI has forged a reputation a...

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