Post Tagged with: "Articles"

Two big predictions and GoBank/Simple/Moven/Bluebird thoughts

Two big predictions and GoBank/Simple/Moven/Bluebird thoughts

by January 16, 2013 at 2:51 pm 0 comments

Ron Shevlin (@rshevlin) and Jim Bruene (@netbanker) and I have been back and forth Ron’s article today on so-called NeoChecking Account and the news of the GoBank (http://www.gobank.com) here in the US yesterday. Firstly, let me just say that seeing the likes of GoBank enter the market is great news for consumers and once again proves […]

Millions of consumers soon won’t need a bank account

Millions of consumers soon won’t need a bank account

by December 10, 2012 at 6:51 pm 0 comments

Traditionally, if you wanted to move money around, save cash, pay a bill, purchase something at a store, or otherwise have some sort of systemic access to your cash as you moved around – you needed a “bank”. In fact, you couldn’t do any of these things in the past without a bank. Despite the […]

Banks can’t compete with digital for advice

Banks can’t compete with digital for advice

by October 22, 2012 at 10:42 am 0 comments

There’s a long held premise that branches are great channels for advice, that this is the one differentiation that bank branches provide that the Internets could never compete with. There are three problems with this assertion that should rightly challenge the superiority of the branch channel in bank operations today: Customers rarely get advice in […]

Gen-M: the abandonment of “touch and feel” and the emergence of “see and hear”

Gen-M: the abandonment of “touch and feel” and the emergence of “see and hear”

by October 6, 2012 at 11:32 pm 0 comments

Baby Boomers and Gen-X have in common the need to experience life in all it’s glory. Whether that is born out of a sense of adventure, the need for tactile feedback or in the sense of face-to-face social connections, at the core of much of our buying behavior historically has been the need to ‘touch […]

Why Apple’s NFC snub might hurt the banks and networks more than ever?

Why Apple’s NFC snub might hurt the banks and networks more than ever?

by September 23, 2012 at 7:26 pm 0 comments

I’ve always maintained that Near Field Communication (NFC) was attractive for both the banks acting as acquirers and issuers, and ultimately the networks themselves. Particularly in the US marketplace. Why? The only way to keep the Point-of-Sale (POS) terminal in a transaction as we shift to mobile wallet and mobile payments at merchants is for […]

What the Square and Starbucks alliance means for payments…

What the Square and Starbucks alliance means for payments…

by August 8, 2012 at 4:23 pm 0 comments

Square and Starbucks just announced their intent to form a partnership for the purpose of improving or ‘revolutionizing’ in-store payments around the approximately 1,700 retail stores and 5,000 other points of presence in the USA. Square has had phenomenal success growing their merchant base to 2 million users in just over 2 years, which when […]

What will it take to restore trust in the banking system?

What will it take to restore trust in the banking system?

by August 1, 2012 at 1:27 pm 0 comments

I grew up in a world where a run on the ‘bank’ was never realistically going to happen. I grew up in a world where when someone wished to declare the truthfulness of their assertion they’d simply say “you can take that to the bank” or when it was a sure thing they’d say “you […]

Why Facebook dropped Credits, and why FB is more important than ever (for Banks)

Why Facebook dropped Credits, and why FB is more important than ever (for Banks)

by June 20, 2012 at 3:52 pm 0 comments

It was announced yesterday that Facebook is going to start phasing out their Facebook Credits system. If you’ve been watching my commentary over the last few years, I had entertained Facebook becoming a sort of default currency for the web because of the platform’s ubiquity. However, like many things online, users and developers collaborated to […]