As with any industry in the midst of disruption, the payments industry has been receiving a lot of attention by the tech media. Discussions of mobile payments firms and technologies generally end up speculating on who will “win.” Will it be Amazon? What about the major card issuers? Or PayPal, the previous disruptive force “fighting to stay relevant,” in the words of one … [Read more...] about Who Loses in the Mobile Payments Game?
Google and Apple are After Your Customers, Battle Banks on Mobile Phones
It gets even worse. Amazon’s launch of Local Register has caused quite a stir among the mobile payment standard-bearers Paypal and Square. Paymenteye gives a look at who runs the greatest danger stepping up to the giant, and what can safely be done to mitigate the latest advance. The average consumer’s banking relationship is dominated by making payments. So why are banks … [Read more...] about Google and Apple are After Your Customers, Battle Banks on Mobile Phones
The Popularity of Plastic Payments
The future of payments may well reside on mobile devices, but today's mobile payments consist of the plastic cards in your pocket or purse. Card payments now make up more than two-thirds of all noncash payments, according to a new report by the Federal Reserve. In the same vein, my last several articles for Independent Banker magazine have dealt with the following card … [Read more...] about The Popularity of Plastic Payments
Capturing the 'Wired' Consumer: Leading-Edge Banking Technology
As every business becomes a digital business, to borrow from Accenture's technology vision for 2013, the leading edge of bank technology seeks to serve customers whose velocity of need increases with the speed and power of their personal digital technology. The digital revolution is shaping banking and providing opportunities for competitive differentiation. In three recent … [Read more...] about Capturing the 'Wired' Consumer: Leading-Edge Banking Technology
API = Freedom
The Obama for America Campaign took the technology used to run an election campaign a step or two forward—at least for now—by building an API-based platform to manage the campaign. Harper Reed, CTO of the Obama campaign, boiled the reason down to a two-word formula: API = Freedom. "We needed to build a platform," Reed said the January 29 Technori Pitch, a start-up presentation … [Read more...] about API = Freedom
Wallet Wars in the Streets of Chicago
There is a war going on for your wallet. The combatants are credit card companies, banks, and tech companies both established and emerging. Until recently, most of the operations were covert: contracts, alliances, M&A, and other business activities that by and large go unnoticed by the general public. The war is now spilling onto the streets of Chicago. From cabs to … [Read more...] about Wallet Wars in the Streets of Chicago