A new payment service has just launched to allow UK banks the ability to process ‘low value’ payments in hours compared to days.
So far, 13 banks are participating, including Barclays, HSBC, Halifax Bank of Scotland, Lloyds TSB and Royal Bank of Scotland Group.
The technology, dubbed the “Faster Payments Service,” enables electronic payments to be made […]
It seems everyone is atwitter about Twitter. From Wesabe recently twittering that their site was down or (4 minutes later) that it was back up to Mint.com twittering about a recent press release, micro-blogging is here to stay.
For those who need to know what others are doing NOW, twittering is almost like a drug, best […]
There’s nothing like talk of recession to bring out money soothsayers willing to give personal finance advice. Everyone from your long-lost uncle to the neighbor next door all seem itching to dispense words of wisdom on how to grow your money. And the blogosphere has been no exception to this trend, with some truly fantastic […]
Chris Skinner in his blog post “Bank strategies are fundamentally flawed” writes that banks should stop thinking of channels and just recognise that they are IP-enabled. He bemoans that banks have been left behind in the internet revolution, and that…
The ATM, call centre and internet channels were all built as layers of cake created when […]
Online banking is in a precarious position these days. The Web-based, rich internet application revolution of Web 2.0 is here to stay, while online banking remains stuck in decade-old technology. It lags far behind even more traditional mainstream Web applications in interaction design, speed, ease of use, and capability. It’s no wonder that several new […]
Buxfer is a start-up with the stated mission of helping you “track your money, effortlessly.” It started innocently enough as a simple script developed by Co-Founder Ashwin Bharambe to track expenses among his college friends at Carnegie Mellon. But after some prodding from friends and inspiration from their soon-to-be angel investor Paul Graham at Y […]
Why is it that technology companies are the most transparent about their product? Take for example the New Feature Suggestions for Google Checkout page on the Developer Forum. There, for all to see, are rants and raves about Google Checkout, and often brilliant feature suggestions from actual users. Here are some gems:
Full integration of checkout […]
Have you ever wondered who looks at bank paper statements besides your accountant and your uncle Bob? Bank statements historically were used as a report of activity over a certain period of time, typically monthly. All transactions, fees and information would be collected and organized into one neat statement, which a customer can then review […]
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