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September 17, 2009


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oh yes! please do so

really good post, good summary of the challenges and lack of innovativness


The first ATM in the world was on the wall outside a branch of Barclays in Enfield.


The first ATM in the US was also on the wall outside the bank


P.S. M-PESA in Kenya was signing 11,000 new customers PER DAY while SIBOS was going on. I'm sure those customers are really looking forward to their "other forms of payment that are more traditional, such as prepaid cards" and will cancel their M-PESA accounts just as soon as the Travelex truck shows up in their village with thousands of cards, hundreds of POS terminals, and electricity generator, satellite dish and portable KYC/AML office. Please. Why weren't you discussing some practical innovation such as peering with Vodafone so that customers can send money directly from a UK bank to their aunt in Kenya's phone instead of going via Western Union?


Sorry didn't mean to sound terse, just tired.

Chris Skinner

No worries Dave and thanks for the input.

Karolis - appreciate the encouragement and will post something soon ...

Luc Belpaire

yes, definitely want to hear the whole nine yards.

Also wondering about corporate payments innovations. We all heard about payment factories, corporate SWIFT access and new XML standards (see http://www4.sungard.com/blogs/cityday/) as the required infrastructure to innovate but what do mobile and contactless technology mean for corporates? I can think of using mobile technology in the approval cycle of payments where the Corporate Treasurer approves high value payments on his/her blackberry? Or for SMS notifications being sent when issues occur like watch list checks.

Felipe Zavala

I would also like to here some innovation about payments.

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