The OFT has today launched a call for information to explore the extent to which businesses are monitoring online shoppers and using the data to target them with personalised prices, and whether any action is necessary under the OFT's powers.
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Scooped by Mike Spencer onto Financial |
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By 2020 half of all Visa’s transactions will be via mobile devices, according to senior VP of new product development for Europe,... Delete the scoop?
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It was just this past May that MasterCard expanded its stake in the digital payments arena with its PayPass Wallet Services, and it’s already getting a bit of an overhaul. Delete the scoop?
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Innovators are using big data and analytics to sharpen risk assessment and drive revenue. A McKinsey & Company article. Delete the scoop?
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Ask what’s wrong with America’s banks, and you’re likely to hear that they’re just too complicated, too opaque. Delete the scoop?
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HSBC finds Britons 'worst prepared' in 15-nation survey, with savings pots adequate only for seven years after stopping work
Mike Spencer's insight:
. Almost two-thirds of those questioned feared financial hardship, while 31% said they were worried that they would have to work longer than they desired. But while people in the UK recognise they are not saving enough, they seem set on retiring punctually at 65 and 57% put saving for a holiday ahead of saving for old age. One in seven (14%) would raid retirement pots to cope with big items of expenditure such as buying a home or settling school fees. Delete the scoop?
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When mobile industry body MEF made its predictions for 2012 it suggested that there would be some spectacular trials using NFC, but that mobile payments would fail to have a significant commercial impact. Delete the scoop?
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Using hashtags, card members will be able to buy gift cards, tablets, Xboxes Delete the scoop?
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Canadian provider of global payment services hyperWALLET has integrated its prepaid card products and services with Apple Passbook. Delete the scoop?
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Apple has just revealed one of its more out-there ideas in a patent application titled Ad-Hoc Cash Dispensing Network. Delete the scoop?
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Leading mobile initiatives at Citi, the New York based bank, is Tracey Weber, former COO of Travelocity. Six other bankers who have done outstanding work with mobile apps this year are also profiled.
Mike Spencer's insight:
ComScore recently reported that more than 75% of mobile banking users interact with their mobile device at least once per week, which is similar to the engagement frequency for online banking. And Ericsson recently reported that 90% of smartphone owners carry their mobile devices with them - as opposed to 80% saying they bring money. Delete the scoop?
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TD Bank Committed to Protecting Forests...
Mike Spencer's insight:
meh, yeah. ok. Delete the scoop?
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It was just this past May that MasterCard expanded its stake in the digital payments arena with its PayPass Wallet Services, and it’s already getting a bit of an overhaul. Delete the scoop?
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HelloWallet’s web and mobile applications provide personalized financial guidance to help employees convert their salary and benefits into prosperity Delete the scoop?
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Pay for London bus travel with a contactless card, PayTag or device, find out how and when you can start using contactless technology to pay for public transport in London. Delete the scoop?
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Every year PNC calculates the Cost of Christmas by adding up the prices of the gifts in “The Twelve days of Christmas" carol – a playful financial report called the “Christmas Price Index". Delete the scoop?
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The figures and sources to accompany "The End of Britain" report.
Mike Spencer's insight:
Apocalyptic stuff from MoneyWeek...if you buy the whole, desperate picture they paint... Delete the scoop?
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New data shows that the use of commerce and banking apps is growing faster among UK Android users than the use of gaming apps, however Google and Facebook still dominate the market. Delete the scoop?
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Online payment service's estimator game puts fun in cross-border finance Delete the scoop?
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The online giant s prepaid card will be usable at four large retailers.
Mike Spencer's insight:
Facebook generated $810 million, or almost 16% of its revenue, from "payments and other fees" last year, the company said in its latest SEC filing. That figure has exponentially increased since the Menlo Park, Calif. company began tracking the revenue it received from those transactions in 2009. Delete the scoop?
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With more than than 2.5 million Cityzi NFC-enabled handsets now in circulation, France is ready for wide-scale mobile contactless services in 2013, claims an industry association. Delete the scoop?
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RSR Research says 20% of retailers expect some form of digital payment (including mobile) will be their customers’ primary payment method in three years’ time.
Mike Spencer's insight:
Harris Interactive says six in ten consumers believe smartphone payments will eventually replace both payment card (66%) and cash (61%) transactions for a majority of purchases. However, while many Americans perceive this change in payment culture as a likely eventuality, considerably fewer appear to perceive it as imminent. Only 32% believe this will happen in less than five years. Delete the scoop?
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Bank customers will be able to switch their current account provider within seven working days, Chancellor George Osborne confirms.
Mike Spencer's insight:
So not a lot of change there then, George...where's the portable bank account numbers? Delete the scoop?
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News for the marketing & media industries in the UK, with stories, job search resources, events listing, and features.
Mike Spencer's insight:
And of course it is quite brilliant... Delete the scoop?
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