Tags » Mobile Banking, Mobile Payments
The Economist looks at mobile banking in an opinion piece in its November 15, 2007 issue - mostly discussing the regulatory aspects of banking on a mobile phone. "The regulatory approach being taken in the Philippines provides a good model for other countries. Rather than trying to work out the best rules in advance, which could hamper innovation, the regulator is working closely with the banks and operators behind the country's two m-banking schemes."
Tags » Consumer Debt, Consumer Lending, Credit Card Debt Counseling, Credit Cards
Business Week's cover story by Michael Mandel this week is titled "The Consumer Crunch" and reviews the issues facing the economy as a result of tightened consumer credit. "What comes next could be scary—the largest pullback in consumer spending in decades, perhaps as much as $200 billion to $300 billion, or 2%-3% of personal income. Reduced access to credit will combine with falling real estate values to hit poor and rich alike."
Tags » Data Security, PCI Compliance
Mark Jewell reports for the AP that "half of more than 3,000 retail stores that a wireless security company secretly monitored at major shopping areas in the U.S. and Europe use wireless data systems vulnerable to hacking."
Tags » Payments News - Headline News
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