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9 hours ago

Mobile opportunities for banks

The emergence of alternative payments providers such as PayPal and the growth of mobile payments systems such as M-Pesa should be seen as a major opportunity for banks, not a threat, according to Ron van Wezel, global head of emerging payment streams at Deutsche Bank. [Source: Bankingtech]

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9 hours ago

MasterCard Launches Digital Wallet Service in Canada

The company has officially launched its MasterPass wallet product; the U.S. roll out is expected later in the spring. [Source: Banktech]

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9 hours ago

The death of branches probably started in anger in 2010 – community blog from Brett King

There’s a strong statistical argument to be made for disruptive technologies that change consumer behavior. I’ve argued the impact of this on branch banking extensively starting with Branch Today, Gone Tomorrow, and more recently in Chapter 3 of BANK 3.0, but I’m still faced with significant resistance in the retail banking industry at large. [Source: Finextra]

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9 hours ago

Unfazed By Bitcoin’s Wild Swings And Mysterious Origins, Silicon Valley VCs Place Their Bets

Bitcoin's record highs and the ensuring surge in hacking attempts and thefts may be grabbing headlines. However, beneath the chaos, Silicon Valley's best-known venture firms are finally starting to make real bets around the crypto-currency. [Source: TechCrunch]

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09 Apr 2013 02:54

Digital Wallet Race Is Far From Over

The payments industry has spent years convincing itself of a digital wallet future that seems inevitable, but the end game is undeniably far off. [Source: BTN]

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09 Apr 2013 02:54

The 20 Most Influential Women in Payments

Which executives are shaping the evolving U.S. payments industry? PaymentsSource and Bank Technology News editors chose the women who are taking the lead as the payments world girds for a mobile future. [Source: BTN]

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09 Apr 2013 02:54

Banks Add Card Controls to Their Mobile Banking Apps

Banks are offering the ability to manage card accounts by mobile device, providing a glide path to the digital wallet. [Source: AmericanBanker]

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09 Apr 2013 02:54

3 Things Banks Must Do to Survive the Mobile Payments Jungle

Banks can't afford to let alternative mobile payment providers walk off with their customers. [Source: BTN]

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08 Apr 2013 05:36

The Impending Modernization of Your Banking System: You Can’t Afford to Wait!

Although legacy systems replacement is a major undertaking for any bank, the global banking industry could regain a significant proportion of the profitability lost during the financial crisis by adopting modern core systems. [Source: Banktech]

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08 Apr 2013 05:36

Mobile is in demand; can banks deliver?

Paul Stoddart, managing director of strategy and business development at VocaLink describes the shifting demands of consumers in the digital age. [Source: Finextra]

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All posts by:

Payments geek, innovation practitioner, startup amateur. Innovation manager in respect of remote channels strategy and emerging payments platforms. Honed knowledge and skills on mobile payments and proximity payments schemes for several years, offering advice on traditional (ATM, Internet) and new ways of offering transaction services to top-10 banks in Russia.
9 posts
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Written by  12 Mar 2013 09:47

Banks need to start seeing themselves as consumer experience agents

This blog’s author starts to be confused on how many occasions already did he tried to make a point on banks managing the consumption experience, rather than money of consumers – the role they have been specializing over the last several hundred years. Emerging from the dawn of Mediterranean commerce, retail banks of our time  Continue Reading »

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Written by  19 Dec 2012 10:47

Sberbank buys Yandex Money as part of its ecommerce / payments and “big data” push

So it happened: Sberbank has today formally announced it is entering a strategic partnership with Yandex Money, meaning it is acquiring a majority share of a leading epayments / emoney company, sprung to life by Yandex, world’s leading cyrillic search engine. Now, one “big data” search company hands over a payment service to another company  Continue Reading »

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Written by  25 Nov 2012 04:56

Sberbank announced plans to move to chip-only cards

Sberbank, Russia’s (and CEE region) biggest bank, with over 72 million active cards  as of first half of 2012, announced earlier this month, that it is considering to move all issuance to chip cards and discard magstripe-only cards. The reason for this is a surge of skimming – that tripled from last year for Sberbank  Continue Reading »

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Written by  15 Jun 2012 03:06

Social media cases for Russian banks: hits and misses

Social media for banks is the latest darling – interviewers question and try to crunch down the number of banks’ social media teams and comments going their way, to inquest on banks latest “social initiatives” – and banks all are trying to invite as many “likes” on their Facebook and other social networks pages –  Continue Reading »

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Written by  28 May 2012 10:38

Some banks play it different… by launching Angry Birds on their cards’ backs

Competition in retail banking has probably never been so intense. Commoditizing commissions, new non banks players disrupting income value chains – channels proliferation makes it all harder to convey a consistent image to a customer’s mind. Yet what about his heart? Banks are more responsible for breaking peoples hearts, than that of warming them –  Continue Reading »

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Written by  27 Apr 2012 09:12

Punkmoney: a currency system for a ubiquitous Web society

I’ve first met Punkmoney concept and its principal founder, Eli Gothill, at the Digital Money Forum 2012, and I can’t help falling in love with the concept: the system allows a user to issue money in a form of favors that he gives to other people who are all users of Twitter – so that  Continue Reading »

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