This statement from the latest Economist article on consumer power which results from the internet. It sums up the thinking in most companies, that the internet thing was overplayed, and that pyhsical locations/ branches are where its at. That strategy which work in the short term ( 2-3 years) but is not going to win the big long game. Economist.com | Consumer power Many firms do not yet seem aware of the revolutionary implications of newly empowered consumers. Too many companies relaxed after the bursting of the dotcom bubble, assuming that the online threat had faded. This was a mistake. … Continue reading Who gets it …

While this raises issues with authentication, nonetheless its a valid idea which pushes out the use of RSS to new areas. |Absolute Value| Blog Archive RSS Feeds for Bank Accounts Continue reading RSS for bank account activity

Today is Oct 16th – it was 8 years ago today that online banking began – certainly in North America, and arguably anywhere.
Continue reading “Another Birthday”

SUMMARY
Phishing is becoming a serious problem in Financial Services, and will cost the industry $400 million in 2004. But this amount pales in comparison to the credit card fraud with Visa alone at $4Bn pa. However the perpetrators are the same – given the movement to curtail fraud in the card industry, I believe the criminals are hedging their activities to prepare for a big onslaught into the debit card and online banking industry, and phishing is the start.
Continue reading “Phishing – why this is not “just another security issue””

Internet Changes Everything: Canada Post buys BCE’s Webdoxs

All I can say is that this is long overdue. The competing efforts at bill presentment in Canada, left the country in a situation where:

1) customers were losing out,
2) billers were losing out, and dare I say it,
3) Banks were losing out.
Continue reading “Time to feel positive about Electronic Bill Payment & Presentment”

Times Online – Newspaper Edition

By Nic Hopkins and Dan Sabbagh

MINORITY shareholders of Symbian, which makes technology for mobile phones, are aiming to prevent Nokia from acquiring a 63 per cent stake in the group through the purchase of Psion�s 31.1 per cent stake for 135 million.
The shareholders, which include Sweden�s Ericsson and Siemens, of Germany, are understood to have decided to take up their right to acquire a share of Psion�s stake on a pro rata basis, which would limit Nokia�s possible shareholding to 46 per cent.
Continue reading “Symbian shareholders set to block Nokia control”

Times Online – Newspaper Edition

By Nic Hopkins

FRANCE T l com yesterday offered �3.9 billion ( 2.62 billion) in cash and shares to acquire the remaining 29.4 per cent of Wanadoo, Europe�s second largest internet service provider and the owner of Freeserve.
The French group said that by taking ownership of Wanadoo it hoped to take full advantage of surging profits at the company.
Continue reading “T l com offers 4bn for internet provider”

From the "dot communist". I think the reasons given against, are precisely the reason why corporate blogs will work. Admittedly it will require risk taking by company's prepared to permit unedited publishing direct to the consumer but thats where the conversations will begin. the dot-communist Here's something to chew on: Can a publishing company ever really publish a weblog? Should it even try? Weblogging is *micropublishing*; it is to corporate media websites what 'zines are to paper publishing. So, when a publishing company posts content that has gone through an editorial vetting process using weblog software, is it (a) a … Continue reading Why corporate blogs aren\’t

Yahoo! News – Identity Theft, Internet Fraud Reports Up in U.S.

Thu Jan 22, 3:13 PM ET

By Andy Sullivan
WASHINGTON (Reuters) – Americans reported losses of $437 million last year to identity theft and fraud as scam artists made themselves at home on the Internet, according to federal statistics released on Thursday.
Continue reading “Identity Theft, Internet Fraud Reports Up in U.S.”

December 22, 2003

Interest in Online Banking Grows

Barring a major security breach, online banking will enjoy steady growth for the foreseeable future as remaining U.S. households without Internet access go online, a new report concludes.
According to Jupiter Research (which is owned by the same parent company as this Web site), the number of online banking households will grow at a compound annual growth rate of 14 percent to 56 million over the next five years.
Continue reading “Interest in Online Banking Grows”