« Things worth reading: 4th May 2010 | Main | Monthly MiFID MTF Monitor: April 2010 »

May 04, 2010


Feed You can follow this conversation by subscribing to the comment feed for this post.

David Lended

Micro payments are just a vehicle to push people away from using cash for everyday transactions into a recordable system that will aim to total remove cash from the system so that all transactions are accountable

Heather Dawson, Distra.

I agree- most banks still rely on legacy infrastructure that is around 30 years old!. With the expiration dates looming of existing legacy payment solutions, hopefully banks will use this opportunity to embrace next generation, innovative payments solutions.

Michael Aston, Distra

Have been saying this for some time. Think the difference between WAP on mobile phones nearly 10 years ago and now the experience on iPhone. The key difference is the 3G network. Financial networks are like 1G (actually much worse) - mostly batch rather than real time and hopeless at integrating with other systems and providing information around the transaction. Financial networks need to be upgraded to the 3G equivalent at which time the explosion in mobile payments and other innovations will match that seen with the iPhone and similar devices. In the meantime, it is not surprising that early signs of such innovation are coming outside of the banking industry where they are not encumbered with these legacy networks.

Simon Ashcroft

In many regions of the world the situation is even worse. The Middle East is a prime example. http://www.innovatepayments.com/blog/?p=31

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)

Twitter FSClub

    follow me on Twitter

    Your email address:

    Powered by FeedBlitz

    Search blog

    Amazon Digital Bank

    Financial Brand Editor's Choice

    Alex: The Finanser BlogAlex at the Financial Services Club
    Gaping Void: The Finanser BlogGaping Void's Hugh MacLeod worked with the Finanser
    Wordle: The Finanser Blog

    The Financial Brand


    Payments News - from Glenbrook Partners

    Payments RSS

    Tomorrow's Transactions blog