Jacqueline Chilton Writings

The Evolution from Mobile Banking to Mobile Payments

by Jacqueline Chilton mFoundry recently announced a new round of financing with a line-up of strategic investors including Motorola Ventures, PayPal, NCR, and a “leading wireless operator” – along with their existing investors. In their announcement, the company described its business as “a comprehensive and equitable solution for financial institutions, wireless operators and other mobile […]

Banking Strategy Technology

Bank Technology News' Top Innovators 2007

The November issue of Bank Technology News features an annual listing of the most innovative people, companies, and technologies. The technological strides featured in the ranking include next-generation payments and mobile banking, improved data analysis, more sophisticated credit risk assessment, open-source-based business intelligence, advanced remote-deposit capture, branch automation, regulatory compliance, core banking, and internet security. […]

Mobile Banking & Payments

Google's Phone Ambitions

An article in today's New York Times explores Google's motivations for developing open source mobile phone software (not necessarily developing a phone, a la Apple, but rather going head to head with Windows Mobile). Obviously, as with Google Checkout, the goal is to increase ad revenues. But what caught my eye, and is relevant to […]

Guest Post Linda Elliott Writings

Identity: Innovation or Infrastructure

by Linda Elliott There has been a lot of attention paid to identity authentication in the payments world over the last several years. Five years ago, systematizing the use and sharing of identity beyond the proprietary structures of vendor products was a new idea and there was great energy in the marketplace. The Liberty Alliance […]

Banking

Paying the bills in Shanghai - a first person account of bill payment and banking in China

(photo courtesy of the New York Times) Today's New York Times features one of an occasional series on living overseas. I read these avidly with nostalgia for my expat past. The article today is about a New Yorker who relocates to Shanghai. She describes how she pays her bills: AS I thought about my plumbing, […]

Bryan Derman Writings

Watching the Anti-Money Laundering Risk in Prepaid Cards

Glenbrook’s Bryan Derman filed the following report after his participation in March 2007 on a panel titled “Hype or Reality – Anti-Money Laundering Risks from Prepaid Payment Products and What Can Be Done About Them” at the Spring Meeting of the American Bar Association’s Business Law Section in Washington, DC.

Banking Payments News Research Round Up

Bank Marketers Aiding ID Theft

Despite all the concern over online transaction security, most ID theft occurs via old-fashioned mail (although fraudsters will utilize the web to open accounts once they've stolen an identity). An article in today's New York Times explores identity theft and focuses on the large concentration of identity theft in Arizona. The article observes that banks […]

Bryan Derman Writings

Wither the Empire?

By Bryan Derman Some thoughts from Bryan on reading leading indicators in Consumer Financial Services.

Scott Loftesness Writings

Beware the Doves?

by Scott Loftesness Reflections on the PayPal/GE Consumer Finance Alliance On June 8th, 2004, PayPal quietly announced it was partnering with GE Capital Consumer Card Company to begin offering credit lines to customers that want extended payment terms for any PayPal purchase. PayPal’s business members started receiving direct mail pieces the following day offering new […]

Carol Coye Benson Writings

Preventing Identity Theft: Banker, Heal Thyself

By Carol Coye Benson When President Bush signed the Fair and Accurate Credit Transactions Act of 2003 (FACTA) into law late last year, bankers throughout the U.S. breathed a sigh of relief. Even with some fairly stringent new provisions, the permanent renewal of the FCRA’s preemption provisions — which curtail the ability of consumer-friendly state […]

Russ Jones Writings

Identity Theft: I Should Be The First To Know

By Russ Jones Identity theft—the fraudulent use of private personal data and financial credentials—is getting a lot of attention these days. Consumers are concerned and legislators are on the march proposing various regulatory solutions. Since most of the damage is done prior to detection, we argue that it is critical to get consumers involved as […]