Archive for 2011

  • Carry on banking? Carry on banking?

    Telecommunications carriers trying to muscle in on the mobile wallet and payments space are obtaining banking licences left, right and centre BY BRETT KING The announcement that the Canadian carrier Rogers Telecom has applied for a banking licence should hardly come as a shock to the retail ...

  • Buying your anonymity Buying your anonymity

    The benefits of an anonymous worldwide digital currency are many, although its appeal to the criminal element is worrying BY PAUL DUCKLIN Two years ago, in 2009, an open-source, peer-to-peer digital cash system launched. Cutely called Bitcoin, it was based on an academically-flavoured pa...

  • MAMBO misses the point MAMBO misses the point

    Account portability is at a standstill now that Project MAMBO has been called off, but was the concept really viable in the first place? BY STEPHEN WILSON Last month brought the unfortunate news that the BPAY consortium has cancelled Project MAMBO, setting back the cause of account portabili...

  • Cloudy with a chance of competition Cloudy with a chance of competition

    OPINION The plans for Sony Bank in Australia, Rogers Bank in Canada and Movenbank in the US  are all proof banking competition of the future is going to come from non-traditional players. The first big driver for this is the mobile channel, which is leading to a rethink of the way people can ...

  • Greenlight for report cards Greenlight for report cards

    Australian banks are well represented in global rankings for sustainability reporting.  Standards vary and comparisons are difficult, but this may soon change BY ELTON CANE The past decade has seen corporate citizenship and social responsibility reports become an important tool for compani...

  • MAMBO in limbo? MAMBO in limbo?

    MAMBO's future is becoming clouded as NAB withdraws its support and ANZ reviews its participation BY CHARIS PALMER BPAY's Me at My Bank Online (MAMBO) online payments project appears to be in doubt, with NAB withdrawing support for it and ANZ reviewing its commitment. NAB says it made the...

  • Big picture payments Big picture payments

    Google's move on an NFC trial for mobile payments is puzzling at first glance. However, look deeper and you'll understand why the giant has made a break for NFC BY BRETT KING Google has revealed its long-awaited NFC trial for mobile payments. On the face of it, many perceive that Google's pl...

  • Dirty data Dirty data

    Is bad data - inaccurate, outdated and incomplete information _ killing your customers' experience and interaction with you? How often has a customer called your company, only to have the operator ask for their details - again - or worse, to find that your company's records are out of date, inac...

  • Nett benefits Nett benefits

    For banks, nett benefits aren't just about profits; it's also about digital identities and the intricate relationships behind them BY STEPHEN WILSON One of the main contentions of the Identity Metasystem, National Strategy for Trusted Identities in Cyberspace (NSTIC) and like models is that ...

  • On the virtual money? On the virtual money?

    Virtual currencies are a nightmare for governments to regulate, but social media savvy customers find them engaging and convenient BY CHARIS PALMER Virtual currencies such as Bitcoin are here to stay and represent an opportunity being overlooked by financial institutions, says Gartner bankin...

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