Mobile payments – why the latest technology may not be such a good idea

From Pulse –

“In a recent article (‘Reflections on the fintech revolution’) I referred to technology vendors who constantly harassed the financial services industry with a range of new technologies and tech-solutions leaving it up to the banks to find the problem for their solution to solve.

The reality was that there are dozens of problems and for the most part they are all partially solvable by these new technologies. In truth however many of these solutions are simply just not viable. This is either as a pure business proposition or because somewhere along the line the technology is not quite as perfect as one is led to believe.”

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Lloyds Bank looks to NFC technology to end automated security calls

From The Inquirer -

“LLOYDS BANK has been trailing new mobile banking technology that could bring and end to automated security calls and chip and pin readers.

The company announced that it has been experimenting with new technology called 'tap to bank' that allows owners of NFC-equipped Android smartphones to set up mobile banking by tapping a debit or credit card against the handset.

Lloyds said that this technology, which is being tested by 125 customers, could bring an end to tedious automated phone calls when it launches in the 'coming months', if the trial is well-received.”

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What Is Bank-Owned Life Insurance (BOLI)?

From Bank Director –

Charlie Hicks of Meyer Chatfield explains what BOLI is and how it works.