November 2007

by Jacqueline Chilton mFoundry recently announced a new round of financing with a line-up of strategic investors including Motorola Ventures, PayPal, NCR, and a “leading wireless operator” – along with their existing investors. In their announcement, the company described its business as “a comprehensive and equitable solution for financial institutions, wireless operators and other mobile […]

This WSJ video about the new GPS enabled New York City taxis includes a discussion of paying with credit cards or debit cards rather than cash. There are also some brief screen shots of the passenger interface. As with all electronic payment schemes, generational differences in payment preferences come into play: the older couple featured […]

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The latest Digital Transactions magazine arrived yesterday and the cover story outlines the top 10 issues facing electronic payments today: Finding a clear connection for mobile payments Interchange wars PCI & data security The allure of alternative payments Payments patents The impact of fraud Check-ACH convergence The fallout of the prepaid explosion Who's using contactless […]

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The most recent Business Week has an interesting article on the evolution of online payments in China. Until recently most Chinese online purchases are paid at the time of delivery, a process that is both expensive and inconvenient for merchants. But now, business for China's online retailers is picking up. Consumer e-commerce in the country […]

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This morning Tom Peters posted an ALL CAPS temper tantrum. I agree with him whole-heartedly as he argues that the truly hard stuff, the real differentiator of leaders and companies, is the ability to execute strategy: THE RELATIONSHIPS-LEADERSHIP-"CULTURE"-"ACTION BIAS" [OR NOT] ARE THE TRUE "HARD STUFF." His rant was provoked by a WSJ piece implying […]

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Consolidation of the business intelligence industry continues as IBM makes a $4.9 offer for Cognos, a 9.5% premium over Friday's closing price. IBM has had a long standing partnership with Cognos. This is the third major acquisition this year: one month ago SAP offered $6.8 billion for Business Objects and in March Oracle bought Hyperion […]

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Sunday's New York Times features a lengthy discussion of the factors contributing to the spectacular failure of the government's $4 billion spy satellite program. The project was ultimately canceled in yet it is clear from the the various participants that are quoted in the article that the effort was doomed from the start. What went […]

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The November issue of Bank Technology News features an annual listing of the most innovative people, companies, and technologies. The technological strides featured in the ranking include next-generation payments and mobile banking, improved data analysis, more sophisticated credit risk assessment, open-source-based business intelligence, advanced remote-deposit capture, branch automation, regulatory compliance, core banking, and internet security. […]

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Carol Coye Benson at Glenbrook returned from the annual AFP Conference convinced that the time may have finally come for electronification of B2B payments. Her observations are posted here.

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One of the reasons I went to the AFP (Association for Finance Professionals) conference in Boston in October 2007 was to get updated on the progress of the migration of business to business (B2B) payments from checks to electronics. As a general statement, progress on this has been very slow. But recent acquisitions (Xign by […]

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