T-Mobile is hitting back at charges that it’s entering the banking business. A senior T-Mobile official spoke with American Banker, saying in an interview that the company is not creating an online banking platform. Rather, it is only offering its customers a way to better...
Information technology and business process services provider CGI and mobile payments technology company Monitise have joined forces to offer mobile money solutions to banking and payments companies using Monitise’s platform. The alliance between the two companies combines Logica’s, now part of CGI, established IT and...
Introduction Over the past decade, mobile phones have emerged as one of the most ubiquitous technologies in human history. Today, billions of people in virtually every corner of the world have mobile phones. These devices shape their interaction with their communities, countries and economies.At...
This article examines how the Federal Reserve Board’s proposed implementation of the Durbin Amendment will affect consumers and small businesses. A main objective of the Dodd-Frank Act was to protect consumers. Moreover, the debit card regulations are part of the Electronic Fund Transfer Act, which...
The first decade has been an eventful and possibly watershed period in the Indian economy, with consistently high GDP growth, a mobile revolution resulting in over 700 million connections, rapid point-of-sale (POS), ATM and branch expansion, the establishment of eCommerce and the penetration of plastic...
Introduction Every day, billions of payments transactions take place all over the world. In the United States, a typical consumer’s day comprises numerous exchanges of value as she buys her morning coffee, fuels her car at the pump, stops for groceries and a pizza,...
Introduction Many Americans, feeling chunky and lethargic from their Thanksgiving to New Year’s Eve eating binges, will be making resolutions to exercise more and eat less during 2011. Some will sign up for a health club. They could get day and monthly passes. But...
