3658 Results from /retail
Retired Member
Before we get too carried away with the prospect of (unfunded) tax cuts, perhaps the government should be keeping back some of their non-existent funds to bail out other industries. After setting a precedent by promising (but not yet delivering) shed loads of cash to bail out the banks, how will it react to the inevitable clamour for similar supp...
17 November 2008 /retail Transaction Banking
Hans Hagen Founder at Alphastrike
The European financial services industry should be pleased that the European Parliament finally passed the Consumer Lending Directive earlier this year, after more than six years of mulling, negotiating, and digestion. Or should it? Does the directive really bring about a single market for consumer lending, and level the playing field for consumers...
14 November 2008 /payments /retail
I have a few ideas about identity management. The mobile money laundering article begins with a premise about Brittany a 'personal entertainer' (my description), who uses electronic payments to collect fees from her clients and to make her purchases because they are allegedly more anonymous than cash. Well I'm not too sure about that. I would hav...
13 November 2008 /retail Whatever...
Paul Penrose Head of Research at Finextra
A New Zealand woman has come up with a novel low-cost solution to shoulder-surfing at ATMs. Beach Haven-based Sharon Stamper is the brains behind the yellow lines that are now a standard fixture in all Taranaki Savings Bank ATMs. The former "fulltime mother" told the Stuff Web site that the security line creates a "comfort or securi...
12 November 2008 /security /retail
Gary Wright Analyst at BISS Research
The election of President Obama is a wonderful and historical event for the USA but also the world. The American dream is more real today than ever before. A Black President in the White House is a healing beacon of light across America that will start to bring social and cultural changes and a uniting force forever consigning racial divides to th...
12 November 2008 /retail MiFID
The other day I received a statement from a financial services company with whom I have a small amount of business. Nothing unusual in that, other than the accompanying leaflet that set out a new process they were adopting to deal with address changes. Back in the good old days, an address change could be accommodated by a trip to a bank branch, o...
12 November 2008 /retail Online Banking
I welcome confirmation of our own conclusions that customers want to use their mobile similarly to ATM usage patterns - primarily for balances. The transaction part they'll have to do without for the moment (with Monitise, until they sort out those stick on NFC thingys?) Fees? I expect there will be some downward pressure on fees from customers wh...
12 November 2008 /retail Innovation in Financial Services
A curious story here from the wackier, more inept and heavy-handed end of the ATM crime universe. Three men in Berlin have been arrested on suspicion of blowing up several cash machines during the year. The suspects ignited a mixture of gases and caused huge amounts of damage in their attempt to get cash out of the machines. More from The Local
11 November 2008 /retail
Elton Cane Digital product delivery at News Corp Australia
That's what bearish Oppenheimer analyst Meredith Whitney told Reuters at the the Reuters Global Finance Summit yesterday. In her view, the bank is unlikey to be profitable for several years. Its strategy was that its many financial services businesses could boost their revenue by selling products to one another's clients. "But that does not ...
11 November 2008 /retail /wholesale
This blog recently expressed the view that, in these days of financial turmoil, banks should reposition their branch networks as a means to reinject the personal service ethos to high street banking and see off the threat from online start-ups and outsiders like supermarkets. (The bank manager versus the Web 2.0 widget) It seems I'm not alone. Se...
10 November 2008 /retail Finance 2.0
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