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News, views and my insight into (and opinion of) the growing Payments Industry
Browsing All posts tagged under »mobile banking«
Déjà vu — All Over Again
I woke up this morning with a number of seemingly disparate thoughts running through my head. I thought first about yesterday’s headlines pronouncing disappointment in Square’s $3 billion market evaluation. The market apparently wanted Square’s value to be closer to $4 or $5 billion. Disappointment? Are you kidding me? Square has gone from an idea […]
Perhaps there is still too much diversity in the mobile payments industry for it to become a reality?
February 27, 2012
As I’ve written many times before: It is “the sheer number” of diverse, yet interdependent, mobile payment stakeholders in the United States that prevent any tangible advancement in making mobile payments a reality. Anyone who manages by consensus knows that the process is sluggish, messy and complex. And the more there is to lose, the […]
BECU leads the way with mobile technology to allow customers to decide and act on the information they receive
December 14, 2011
I have always been impressed with BECU (Boeing Employee Credit Union). This sizable credit union always makes very good decisions on when to make key technical investments that make member interactions easier, more convenient and safer. BECU has over 750,000 members, but only 40 brick and mortar branches. Thus they are wisely capitalizing on technology advancements […]
Device by Rim or SIM card by Telco – what to choose?
March 23, 2011
The battle lines are being drawn at last. In one corner you have the Telco’s and the other corner you have RIM – facing off on who and where sensitive payment data should be housed – in the device (controlled by RIM) or in the SIM card (controlled by the Telco. I have written many […]
The security of Mobile Payments–not great yet (but it is new technology afterall)
March 3, 2011
As the popularity and demand for mobile payments grows and matures, expect to see and hear a lot more about security. Despite all the hype and press, it’s still such a budding channel. The newness of mobile payments means that the all the securities have not yet been fully developed to prevent fraud. We have […]
FiServ’s purchase of Mobile Commerce, Ltd.–an enterprise commitment and…
March 2, 2011
FiServ’s purchase of Mobile Commerce, Ltd. represents not only an enterprise commitment to mobile as a viable financial service channel, it opens the door even wider for mid-sized and small FI’s and credit unions to compete more effectively with the large FI. Let’s face it, most financial institutions do not have the budgets to support […]
Online Banking/Payment Security: Don’t give away the keys to the kingdom (safety starts with proper and daily control)
February 14, 2011
Establishing the right amount of electronic security surrounding electronic access to banking information and payments and then trying to stay ahead of the fraudsters has always been a challenge for financial institutions (FI’s). In today’s American Banker article, Two-Factor Authentication Has one Big Endorsement: Google, correctly points out the quandary FI’s have faced in trying […]
July 26, 2012
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