www.globalchange.com Threat to retail banks from mobile phone payment systems using SMS, RFID and other technologies including biometrics (fingerprint). How mobile / wireless technologies will transform retail financial services, purchases especially for relatively low value transactions. Video interrupted by security guard on instructions from his boss…. clearly making even a short YouTube video is itself a potential threat! Maybe they are right. YouTube comments spread at the speed of light. Comment by Dr Patrick Dixon, futurist, leading authority on global trends and conference speaker.
Posts Tagged Mobile
www.globalchange.com Banks will become phone companies and telecom companies will become banks. Mobile payment systems, micropayments, mobile phone credit card transactions and loans. Economic impact of remittances from foreign workers using SMS credit to avoid foreign exchange transaction costs. How biometrics fingerprint technology will allow large mobile phone payments. Commissions and interest charges on loans. Impact of revenues from American Express, Visa, Delta, Access, Mastercard moving to mobile phone transactions. Conference keynote speaker and Futurist Dr Patrick Dixon.
This 2008 video provides an update about the mobile phone banking and mobile commerce services being offered by rural banks in the Philippines. For more information, go to www.mobilephonebanking.rbap.org. Thisvideo was made possible with support provided by the US Agency for International Development under the terms of contract number 492-C-00-98-008-00. The opinions expressed herein are those of the author(s) and do not necessarily reflect the views of the US Agency for International Development.
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This digital document is an article from ABA Bank Marketing, published by Bank Marketing Assn. on September 1, 2008. The length of the article is 376 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.
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Title: Mobile banking service offered for community banks by Fis… More >>
This video produced in late 2006, provides highlights of the early efforts to use mobile phones to facilitate banking services for rural bank clients in the Philippines. This effort has been led by the Rural Bankers Association of the Philippines Microenterprise Access to Banking Services (MABS) Program (a USAID-assist program with Chemonics International as the main contractor) with the support of Globe Telecom’s G-Xchange subsidiary. Thisvideo was made possible with support provided by the US Agency for International Development under the terms of contract number 492-C-00-98-008-00. The opinions expressed herein are those of the author(s) and do not necessarily reflect the views of the US Agency for International Development.