Chris posts about eBank in Japan. They are an exclusively internet Bank and some of the statistics are staggering. They have $8 bn in assets, and yet only 195 employees. swiftcommunity.net eBank purely exists as an internet bank, accessible via any internet-attached device which, these days, is predominantly the mobile phone. eBank, because of this exclusive channel focus upon internet-based banking, built a bank specifically to exploit this channel. This is radically different to most banks that built internet banking as an additional channel to exploit the existing bank. They are built for pure automation wherever possible. The account open … Continue reading ebank Japan | designed to exploit internet channel

Original use of online banking by SEFCU. Interesting to have an application access from inside FB. It will be interesting to follow the security considerations there. Finextra: SEFCU taps Facebook Albany, New York-based credit union SEFCU is the latest financial institution looking to tap the Facebook generation by launching a banking application on the social networking site. The tool, developed by mobile banking specialist MShift, provides SEFCU members with secure, one-click access to online account information. All data is encrypted with a minimum of 128 bits and no user data is stored on the Facebook servers. Continue reading MShift, provides SEFCU members with secure, one-click access to online account information from FaceBook

This got my attention from Morris. I thought that Capone had cancelled their debti card programme, but it turns out they just wanted to re-release as their own service. Now this gets interesting. Not much to judge about the service on the US site linked from Morris’s post, so any additional information welcomed in the comments. Decoupled Debit Card Lives Again! — from TMG’s Payment Industry Insider NOW, all bets are off since CapOne has gone national and has tied it to their own reward program. Potentially millions of consumers who are dissatisfied with their current bank or credit union, … Continue reading Capital One Debit MasterCard is back and national

This from Rahaf blogging from the searchengine strategies conference highlights what I think of as the dark side of SEO, and social media marketing. It lists all the bad ideas, which can be summarised as anything fake or pretending to appear to be something. Its about meaningful conversation, and trust. Click through for her principles. » Blog Archive » SES & Social Media Strategy: what happened to ethics?! (A rant) The internet has a short attention span and a long memory. Be smart. Treat your consumers like idiots and they won’t stick around for long. Continue reading “What not to do in Social Media.” | The Foush

I learned today of a new offerring scheduled to launch June 9th in the US. I am quite intrigued by the concept  that has aspects of moneyexperts.co.uk with the added mix of auctions. moneyaisle.com The company’s fully automated, proprietary technology creates unique online auctions where banks compete in real-time to meet each consumer’s specific banking needs until one bank  remains. The unique MoneyAisle platform has already become an attractive offering for small and mid-sized banks. Without the high costs of customer acquisition, banks are able to access a large  market of potential customers from across the United States. A quick … Continue reading moneyaisle | coming June 9th