Editors Note: Glenbrook, along with the rest of the payments industry, has been watching developments in mobile payments closely. Our partner Carol Coye Benson profiles the CashEdge POPmoney product today. She has also taken a look at Boku, Canada’s Zoompass, Zong, Billing Revolution, and Blaze Mobile. [UPDATE Aug 6th: Be sure to check out Carol’s […]
Editors Note: Glenbrook, along with the rest of the payments industry, has been watching developments in mobile payments closely. Our partner Carol Coye Benson profiles Boku today. She has also taken a look at the CashEdge’s POPmoney, Canada’s Zoompass, Zong, Billing Revolution, and Blaze Mobile. [UPDATE Aug 6th: Be sure to check out Carol’s latest […]
MORNING SESSION #1 – Whew – what a whirlwind! Companies get 7 minutes to demo their products/services before the microphone is cut off. Some very interesting stuff flying by at warp speed (so please excuse the grammar/any typos)! So here goes:
Heidi Miller, CEO JPMorgan Treasury & Securities Services, didn’t pull any punches this morning when she addressed the NACHA Payments 2009 conference. The financial crisis – and resulting economic uncertainty – is just one of the real dangers to the ACH network but those same dangers can be an opportunity for improvement. (I suspect she […]
Glenbrook’s Carol Coye Benson and I discussed B2B payments with Kevin Phalen of Bank of America this last week. Kevin is an Integrated Debt and Treasury Solutions Executive and joined the bank nine months ago, having previously held positions at JPMorgan Chase, First Data Corporation, MasterCard International, and Sears Credit. Not surprisingly, Kevin’s outlook for […]
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 […]
Next up at today’s Merchant Risk Council session was Terry Jones, the founder and former CEO of Travelocity.com – and a FABULOUS speaker! Jones spoke about impact of the Internet on industries, citing travel as being impacted the most; half of all travel is booked online; more volume than the next four categories of ecommerce […]
A recent survey by Treasury & Risk Magazine reveals that only half of companies with revenues under $2 billion have automated either their accounts receivable (A/R) or accounts payable (A/P) processes: Just over half of the firms that participated in the survey use an ERP system (56%, up from 43% last year) and 25% have […]
The Merchant Risk Council is holding its 7th Annual e-Commerce Payments and Risk Conference on March 10-12, 2009 in Las Vegas Nevada. I will be leading a panel discussion at the conference on “Payments as Business Strategy”. In this discussion, we will highlight how payments management is an important part of any eCommerce Merchant’s overall […]
Amid increased government ownership of Citibank, persistent rumors that BofA is next, and announcement of the Obama administration’s budget, there has been increasingly loud debate over bank nationalization. The media pundits and blogosphere are a cry with claims of pending socialism and the “Europeanizaton of America” – which, while provocative, aren’t necessarily true.
Today at the monthly San Francisco Treasury Management Association luncheon JoAnne Tillemans, of Avalon International Strategies discussed how recent market gyrations have impacted FX hedging strategies. She shared some war stories and offered guidance to a mixed audience of cash management bankers and corporate treasurers. There was a fair amount of discussion among what is […]
This article in CFO.com attributes poor decision making by bankers to bad data rather than greed, excessive risk-taking and lax regulation. I won’t let them off that easily, but I do agree that data quality is a real and significant problem for corporate decision makers in every industry. As budgets tighten amid economic uncertainty the […]
At Forte Financial Glenbrook Partners we’ve been gripped by the credit crisis, yet drowning in news and data. We suspect that you, too, would appreciate a guide to the gems of insight and plainspoken verbiage that explain, question, and illuminate these unprecedented times. So we’ve selected the best of the coverage – an admittedly subjective […]
Today's NYTimes has a funny piece on Thanksgiving, urging readers to be CEO – define a vision, and delegate most of the work. It's tongue-in-cheek but has some kernels of truth. But beware, the "organizing to execute" style of management can be exhausting, though, and runs the risk of everyone talking for years to come […]
Last week at the monthly SF Treasury Management Association luncheon I heard a great presentation from the University of California, Office of the President (UCOP). Its banking/treasury services cover 10 campuses, 5 medical centers, 200 bank accounts and a budget of over $18 billion. Each campus is like a city with thousands of incoming and […]