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August 16, 2007

Nonbanks in the Payments System

The Proceedings are now available for the international conference "Nonbanks in the Payments System: Innovation, Competition, and Risk" hosted by the Federal Reserve Bank of Kansas City on May 2-4 in Santa Fe, N.M.

Google Checkout Explained

A friend emailed us today to point out Buy.com's comprehensive explanation of Google Checkout for shoppers on the www.buy.com site. Buy.com is also promoting Google Checkout on its individual item pages - see this one for an example of a $10 off offer for new Google Checkout sign-ups.

Gen Y (18-29) Value Multi-Channel, not Just Online Banking

Javelin Strategy and Research has announced results from a new nationally-representative study of 2,800 consumers titled "Generation Y Banking Behaviors and Attitudes: Expanding the Banking Relationship on Their Terms". Javelin says this report "dispels myths about the banking attitudes and behaviors of Generation Y (consumers ages 18 to 29). Despite the popular belief that Gen Y is primarily focused on alternative channels and technologies, Javelin found that this generation is actually more likely to choose providers and manage their finances through a mixture of traditional and new methods."

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APACS Reminds Consumers in UK to Protect Their PINs

Saying that its research shows that "20 per cent of cardholders ‘rarely’ or ‘never’ shield their PIN when entering it at a cash machine", APACS, the UK payments association, has published a new consumer advice guide - Protect your PIN (PDF) - to remind cardholders of the need to keep their PIN safe and secure at all times.

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Online Financial Innovations Announces FINOVATE 2007

Jim Bruene's Online Financial Innovations has announced a new conference, FINOVATE 2007, calling it "the first conference to demo the future of finance." FINOVATE 2007 will be held on October 2nd, 2007, in New York City with "twenty of the most innovative companies in the financial, banking and lending industries" offering a glimpse of the future of online and mobile banking and personal finance. See Jim's NetBanker blog post for more background on the conference.

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mChek Launches Mobile Payments in Sri Lanka

mChek has announced that its on-demand mobile payments solution, mChek/Payments, has been commercially introduced in Sri Lanka by Dialog Telekom, a telecom operator, in partnership with NDB Bank, one of the largest private sector commercial banks in Sri Lanka. mChek says that this deployment is "the first commercial launch of a Card Present mobile payment platform in the world."

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