As we’ve embarked on our Movenbank project, we’ve had a lot of people express concerns about our choice to be completely cardless and go with NFC and various other P2P solutions. There’s also often raised questions over which handset platform to support, which devices are certified, the lack of real NFC standards, how to enable [...]
Tags: dwolla, mastercard, Mobile Money, mobile payments, NFC, payments networks, PayPal, Square, starbucks, visa
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February 13th, 2012
The US is enamored with outdated and costly modality that is costing Billions in lost revenue and fraud. While many argue the business case for moving to technology like EMV or NFC is hard to justify, the reality is it is incredibly simple to justify based simply on mathematics around today’s massive cost of fraud. [...]
Tags: card fraud, check fraud, cheque fraud, EMV, innovation, magstripe, mobile payments, NFC
Continue Reading | 1 Comment | August 3rd, 2011
Today I’ve been in Beetsterzwaag, Opsterland, Netherlands, about 150 kilometers from Amsterdam at an offsite strategic retreat with the ICS (International Card Services) team. Initially part of Bank of America’s presence in the Netherlands, ICS today is an independent subsidiary of ABN Amro NV, but works in the provision of a range of card services [...]
Tags: acquirer, Bump, ICS, issuer, Merchant, mobile payments, NFC, P2P, PayPal
Continue Reading | 3 Comments | June 29th, 2011
When the commercial internet became popularized in the mid-90s the emergence of e-Commerce quickly led to some amazing new business models, and inevitably the hype of the dot com bubble. While much of the dot com ‘crash’ survived and thrived (e.g. Google, Yahoo, Amazon) there were those that appeared happy to proclaim that the fad [...]
Tags: ClearXchange, Google Wallet, Mobile, Mobile Money, mobile payments, NFC, P2P, payments, PayPal
Continue Reading | Add Comment » | May 30th, 2011
The concept that banking is necessary, but banks are not has often been debated. The question of whether technology advances and new business model results in disintermediation is often dismissed as hype. While the Internet is undoubtedly the most significant technological advanced of the modern age, most retail bankers would argue that this only produced [...]
Tags: GCASH, IFA, Lending Club, mobile payments, MPESA, NFC, Octopus, Oyster, P2P, PayPal, Prosper, Retail Banking, Zopa
Continue Reading | 2 Comments | October 27th, 2010
