Open, simple, interoperable systems — from payment standards to transparent narrow banks — beat closed walled gardens almost every time.
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Last week I gave my talk on Agile Banking at Reboot 11. This week I have taken my talk and turned it into a series of blog articles that I will post here once a day. The world is in serious trouble. Recession is hitting most parts of the world. While many people debate the exact reasons for it, most agree that the …
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I gave my talk earlier today at Reboot 11 about refactoring the banking system. The slides are on SlideShare: Agile Banking Anyway I’m interested in any comments. Read my 5 part blog series based on this presenation here
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As many of you know I have long been interested in and working with payment systems. I have never been too much of a fan of most micropayment systems, so when Contenture (the links to them are affiliate links) launched yesterday I was pretty sceptical. Reading their documentation changed my mind a bit and I have now …
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Just came across this great article by Daniel Tenner on How to get a Merchant Account. Considering how many businesses there are out there, one would think this process might be smooth and painless by now. Just apply for a merchant account, sign on the dotted line, and receive your merchant id in the mail a couple of …
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Kim Jong-Il the glorious leader of North Korea has long been the laughing stock of most of the world except of course the poor millions of North Koreans who happen to be stuck under his rule. So why is it that most medium to large companies blindly follow his doctrine? Why are so many startups sliding down the path of …
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I’m sitting at the OAuth Summit held at Yahoo in Santa Clara. We’ve had a brief discussion about the IPR policy negotiation process that has been going on in the background between a few core OAuth people and legal departments in various large companies (most notably Yahoo, Google and Microsoft). Briefly the IPR policy …
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I use the EasySpeedy for my hosting. They already provide the most transparent hosting plans and hosting contract I have seen, but they continue to impress me. I’ve got 2 servers there and will put my 3rd one there if need be. Apparently one of their clients where spamming with spoofed IP addresses from other …
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I wanted to read up about the new features of Mysql 5.0 and I was hit by a registration wall . Whenever I go to a site where I have to register to read their marketing spiels I immediately switch off. It even makes me angry. It all reminds me of my days at AltaVista when the marketing department where busy inventing …
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I have to admit like many people I was dumbfounded when I heard about EBay’s purchase of Skype. Having read EBay’s Skype Presentation I think it does make a lot of sense. There is definitely a lot of shared areas that might not be entirely obvious to some of us who are snow blind in they payment area. In particularly …
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In Business 2.0 John Occhipinti from the Woodside fund wants to pay $5M in venture capital for a fraudproof credit card authorization via cell phones and PDAs. I found this via Nathan’s hilarious Odio.us Elevator Pitch generator. Lets first look at why John wants this from us: Credit card fraud is more rampant than …
