Carol Coye Benson Mobile Banking & Payments

The Phone is the Wallet: A Look at mFoundry

Last week, Starbucks announced a raft of new mobile capabilities, with iPhone apps to enable consumers to use their phone as their card in a variety of ways, including seeing a balance and reloading.  For the payments industry, however, the announced test of a usable-for-purchase prepaid card on the phone, using 2d bar code technology, […]

iPhone Mobile Banking & Payments Mobile Technology Russ Jones Subscription Management

iPhone 3.0 - Payments in Perspective

Apple created a lot of buzz in the industry last week when it previewed the new capabilities of iPhone OS 3.0. Leading the list of new features, surprisingly, was a payments-related enhancement called “In App Purchase”. I missed the briefing, but saw this new capability reported in the blogosphere as “subscriptions”, “micro-billing”, and a new […]

eBay ECommerce Ecommerce Payments PayPal

eBay Analyst Day: PayPal World Domination

Earlier today, PayPal president Scott Thompson presented at the eBay Analyst day (the first done by the company since 2006) and I will do my best to summarize his key points here in this post. The primary message I heard was that PayPal intends to dominate e-commerce transactions worldwide. In addition, I’m including the PayPal-specific […]

Guest Post Jim Salters Writings

Mobile P2P Payments Continue to Evolve in the US

by Jim Salters One of the “hot topics” in payments in the US market is the evolution of mobile payments – from “inevitable idea” to reality. Obopay and PayPal Mobile are both now over 2 years old – having been launched in the spring of 2006. TextPayMe, a mobile payment service that launched in late […]

AP Payables

MasterCard's New Corporate Card Features Will Reduce Maverick Spending and Enhance Transaction Controls

Business Week has a write up on MasterCard's new inControl commercial card platform (previous Forte blog mentions here and here). Thus far, Royal Bank of Scotland is the only issuer offering the new product features, which include Enhanced authorization controls that direct how, when and where cards may be used to a greater level of […]

Scott Loftesness Writings

Responding to "Phishing" Attacks

By Scott Loftesness Phishing has emerged as the latest threat to the theft of personal information over the Internet. This Glenbrook ActionMap(SM) briefing for financial institutions examines the phishing threat, provides brief technology background on how fraudsters are successfully perpetrating phishing frauds, and recommends an ActionMap for institutions to consider for responding effectively to these […]

Russ Jones Writings

RFID in Financial Services

By Russ Jones Pundits believe that RFID tags—positioned as a next-generation replacement for the familiar bar code—are going to drive vast improvements in the efficiency of supply chains as products wind their way from the manufacturers out to the retail shelves. Critics believe that RFID tags pose a significant threat to personal privacy, in that […]