Reblogged from futuristgerd|26 notes |# Comments

Paul Higgins- I would not be so sure. This will be an interesting headline to highlight in five years time one way or the other

Google and Facebook Dead in 5 Years? Fat Chance! - Forbes (via futuristgerd)

Posted at 3:42pm and tagged with: tech, technology, banking, disruption,.

“

The rise of mobile isn’t a menace to the likes of Google, Facebook and Amazon. It’s potentially the biggest windfall of their lives, because making money in mobile will be all about building a revolutionary new payments system. Banking in 20 years will be profoundly different from what it is today, and the companies that Eric decries are very likely to be the ones who win the most.

”

April 29th 2012

Reblogged from reuters|51 notes |# Comments

Reuters blogger Felix Salmon: “When credit cards go social” (via reuters)

Posted at 9:11pm and tagged with: social media, banking, tech, technology,.

“

Watching a big bank try to be all cool and down with the social kids can be rather like watching your father try to rap. The Twitter feed is embarrassing enough, but the sponsored posts are much worse.

”

April 7th 2012

34 notes |# Comments

SoFi Lets Students Borrow Money For School From Alumni

The way the program works is simple. Alumni invest money in their particular school’s funding, and then students apply just as they might to any other college loan. Loans are given to students for a 6.24% interest rate (5.99% if they sign up for auto-pay), alumni earn 5% back on money they’ve invested, and SoFi keeps roughly 1%. Alumni can invest with cash, or can invest funds through their IRA.

Full Story: Mashable

Posted at 10:47am and tagged with: Social media, banking, economic, education, disruption,.

April 5th 2012

Cloud Computing Could Create 1.4 Million Banking Jobs by 2015

16 notes |# Comments

A Microsoft-funded IDC study suggests that innovation enabled by cloud technology could boost jobs and revenues worldwide across several business verticals, including banking.

Full Story: Banktech

Posted at 8:34pm and tagged with: banking, cloud computing, work, forecasts, tech, tech,.

August 30th 2011

Reblogged from smarterplanet|146 notes |# Comments

smarterplanet:

Carriers set to chip in $100M in Isis to take on Google | GigaOM

AT&T, Verizon and T-Mobile are reportedly poised to invest $100 million in their joint mobile payment venture called Isis, a near field communication-based contactless payment system that will do battle in the increasingly competitive mobile payments market. According to Bloomberg, the carriers are still determining exactly how much to invest based on Isis’ ability to obtain support from banks and merchants, but they could throw in a lot more money if the platform can gain momentum.

Isis will have to play catch-up with Google Wallet , the open NFC platform launched by Google, MasterCard and Citibank. That payment system was unveiled in May and is set to open to the public soon. Google Wallet lets people pay for things by waving their NFC-enabled Android phone at point-of-sale terminals that are equipped to handle MasterCard Paypass purchases. However, Google’s offering is limited right now to just the Nexus S from Sprint, and it hasn’t announced new credit card or banking partners beyond MasterCard and Citibank.

Isis, meanwhile, is backed by credit card companies MasterCard, Visa , American Express and Discover. But the first trials won’t begin until next year in Salt Lake City and Austin, Texas. That will put it behind Google Wallet, though with few NFC-enabled devices available so far, it may not be that much of a disadvantage. But will consumers even embrace NFC payments on their handsets when the tech does become available? Questions about thesecurity, reliability and fees of mobile payments still suggest that adoption will be slow, at least initially.

Posted at 8:26am and tagged with: banking, commerce, mobile, transactions, Isis, AT&T, Verizon, T-Mobile, Google, digital wallet, NFC,.

smarterplanet:

Carriers set to chip in $100M in Isis to take on Google | GigaOM

AT&T, Verizon and T-Mobile are reportedly poised to invest $100 million in their joint mobile payment venture called Isis, a near field communication-based contactless payment system that will do battle in the increasingly competitive mobile payments market. According to Bloomberg, the carriers are still determining exactly how much to invest based on Isis’ ability to obtain support from banks and merchants, but they could throw in a lot more money if the platform can gain momentum.
Isis will have to play catch-up with Google Wallet , the open NFC platform launched by Google, MasterCard and Citibank. That payment system was unveiled in May and is set to open to the public soon. Google Wallet lets people pay for things by waving their NFC-enabled Android phone at point-of-sale terminals that are equipped to handle MasterCard Paypass purchases. However, Google’s offering is limited right now to just the Nexus S from Sprint, and it hasn’t announced new credit card or banking partners beyond MasterCard and Citibank.
Isis, meanwhile, is backed by credit card companies MasterCard, Visa , American Expressand Discover. But the first trials won’t begin until next year in Salt Lake City and Austin, Texas. That will put it behind Google Wallet, though with few NFC-enabled devices available so far, it may not be that much of a disadvantage. But will consumers even embrace NFC payments on their handsets when the tech does become available? Questions about thesecurity, reliability and fees of mobile payments still suggest that adoption will be slow, at least initially.

August 21st 2011

Reblogged from smarterplanet|139 notes |# Comments

Marc Andreessen on Why Software Is Eating the World - WSJ.com (via smarterplanet)

Posted at 7:52am and tagged with: Amazon, Netflix, Pandora, Zynga, banking, cloud, commerce, education, food, growth, healthcare, it infrastructure, marc andreesen, new intelligence, retail, services, software, disruption,.

“

More and more major businesses and industries are being run on software and delivered as online services—from movies to agriculture to national defense. Many of the winners are Silicon Valley-style entrepreneurial technology companies that are invading and overturning established industry structures. Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.

”

April 10th 2011

14 notes |# Comments

In South Africa, cardless ATM withdrawals via mobile phone

Customers of Johannesburg-based First National Bank (FNB) can now make withdrawals from an ATM without a bank card using just their mobile phone.

Full Story: Springwise

Posted at 4:43pm and tagged with: mobile, economic, smartphone, banking,.

In South Africa, cardless ATM withdrawals via mobile phone

Customers of Johannesburg-based First National Bank (FNB) can now make withdrawals from an ATM without a bank card using just their mobile phone.

Full Story: Springwise

November 12th 2010

1 note |# Comments

St George launches first Android banking app

Pad and iPhone apps are currently all the rage amongst Australia’s largest banks — but Westpac subsidiary St George late last week bucked the trend by launching what it said was the first mobile banking application in Australia to focus on the emerging Android platform.

Posted at 2:05pm and tagged with: mobile, banking, economic, android,.