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24 Jul 2014 09:47

Digital Wallets: High Awareness, Low Adoption

Banktech reports: Digital Wallets: High Awareness, Low Adoption While an overwhelming majority of consumers are aware of mobile wallets, few use them for everyday transactions, a new survey finds. Source: Digital Wallets: High Awareness, Low Adoption. [Source: Banktech]

24 Jul 2014 09:47

Confirmed: Facebook Messenger will eventually do payments

VentureBeat reports: Confirmed: Facebook Messenger will eventually do payments Now we have confirmation on why Facebook hired PayPal’s David Marcus: Payments and Messenger will eventually “overlap,” Zuckerberg said during today’s earnings call. When the company first announced it had hired Marcus, the former president of PayPal, the industry took it as a strong hint that Facebook  Continue Reading » [Source: VentureBeat]

24 Jul 2014 09:45

Nintendo Brings Contactless Payments To Japan

PYMNTS reports: Nintendo Brings Contactless Payments To Japan Nintendo announced this week that its Wii video game console will now be able to accept payment cards in Japan. It was reported that the update went live yesterday and lets users tap a contactless Suica fare card against the Wii U’s gamepad to access their funds. The  Continue Reading » [Source: PYMNTS]

24 Jul 2014 09:45

It’s Time for Mobile Banking to Grow Up: How to Decouple From Online

Banktech reports: It's Time for Mobile Banking to Grow Up: How to Decouple From Online The initial step towards a mobile-first strategy has to be cutting the mobile channel loose from online banking. Source: It's Time for Mobile Banking to Grow Up: How to Decouple From Online. [Source: Banktech]

23 Jul 2014 09:36

Wells Fargo’s Booking Tool Removes Branch Bete Noire: Waiting in Line

BTN reports: Wells Fargo's Booking Tool Removes Branch Bete Noire: Waiting in Line The bank’s adoption of scheduling technology underscores the fact that, while branch traffic is declining, most sales of loan, deposit or investment products are still made at the branch. It’s also further evidence that banks are using technology to engage with customers  Continue Reading » [Source: BTN]

23 Jul 2014 09:35

Taking The Pain Out of Merchant Onboarding

PYMNTS reports: Taking The Pain Out of Merchant Onboarding “If PayPal can board me in 5 minutes, why can’t my acquirer?” Automating the boarding and underwriting process has completely reinvented what used to take days (even weeks) and cost a lot of money. But does it save time at the expense of other downside risk?  Continue Reading » [Source: PYMNTS]

14 Jul 2014 11:08

Detours on the Road to Digital Banking

Banktech reports: Detours on the Road to Digital Banking Digitization is recognized as key to growth. But new research from McKinsey reveals many businesses doubt their ability to reach digital potential. How do banks shape up? Source: Detours on the Road to Digital Banking. [Source: Banktech]

14 Jul 2014 11:07

How Banks Can Overcome the Challenge of Data Overload

Banktech reports: How Banks Can Overcome the Challenge of Data Overload Banks must master the use of unstructured data if they want to seize competitive advantage, enjoy productivity gains, and improve customer service. Source: How Banks Can Overcome the Challenge of Data Overload. [Source: Banktech]

14 Jul 2014 11:02

The Mobile Payment Apps Attention Problem

PYMNTS reports: The Mobile Payment Apps Attention Problem New Nielsen research suggests consumers max out at 26 or so apps a month – which means commerce and payments apps have to be amazingly compelling to pry eyeballs from games and other software. Other than hiring George Clooney or Kate Upton as apps spokespeople, what can  Continue Reading » [Source: PYMNTS]

14 Jul 2014 11:02

Back-office legacy still holding back banks

Bankingtech reports: Back-office legacy still holding back banks Setting up a bank in the UK is costly, time-consuming, heavily regulated and not easy. As a result, the dynamic, start-up culture that drives innovation in many other sectors is less prevalent within banking and financial services. Source: Back-office legacy still holding back banks. [Source: Bankingtech]

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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

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 »

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 »

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 »

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 »

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 »

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 »