Bank Regulators Issue Guidance on Social Media Usage

“Financial institutions using social media channels such as Facebook and Twitter to market products and services may soon have some rules to follow thanks to U.S. bank regulators.” <<READ MORE>>

What we are reading … 24th January 2013

Losing Customers Over Near Zero Interest Rates http://shar.es/4LcFo

The Rise of the Alterna-Banks: 4 Options Beyond Traditional Banking http://shar.es/4LcGx

The Financial Services Club's Blog: Stop talking about mobile, it's not important http://shar.es/CppOE

Love at First Use: Three Tips for Building Awesome Products http://www.banking2020.com/2013/01/18/building-awesome-products/

JP Morgan's Poor Risk Management http://shar.es/4Ls1E

FNB proof of payment glitch http://businesstech.co.za/news/banking/29956/fnb-proof-of-payment-glitch/

Mortgage Cases to Test U.S. Use of Once-Obscure Fraud Statute http://twb.io/SVlBcS

Leveraging Big Data? Don't Get Caught in a Trap http://www.finextra.com/Community/FullBlog.aspx?blogid=7297

Google looks to ditch passwords for good

“Google engineers are looking at ways to stop using passwords, which they believe are no longer enough to keep users safe.” <<READ MORE>>

Orange and MFS Africa launch international money transfer to Mali

“Orange and MFS Africa have announced the addition of Mali to the growing portfolio of countries able to receive international remittances via Orange Money Transfer International (OMTI). Orange Money customers in Mali can now receive international remittances directly to their Orange Money accounts.” <<READ MORE>>

What we are reading … 23rd January 2013

When Will Mobile Money Take Off in Europe? http://shar.es/4Vlkj

Electric vehicle charging stations add mobile payments http://dld.bz/ca2UP

The Future of Online Banking: A Culture of Change http://bit.ly/10kcuEN

Vulnerable medical devices: A clear and present danger http://dld.bz/ca2UM

Internal Destruction Department - do you have one? http://www.finextra.com/Community/FullBlog.aspx?blogid=7298

The mobile payment race is on, but it's unclear which vendors will succeed http://dld.bz/ca2UE

Cross-Border eCommerce: Payments' Next Frontier http://dld.bz/ca2UU

The Financial Services Club's Blog: Try to destroy yourself … and then do it http://shar.es/4LrGK

The other type of mobile money: Airtime is money http://econ.st/U3npyC

Subway Breach: Hacker Sentenced - BankInfoSecurity http://shar.es/Co27f

Time's Running Out for Banks to Get into Mobile Payments

“Using a mobile phone to pay for something at a store still isn't that big a deal — Forrester says such activity represents only 4% of mobile payments in the U.S.

But the time may finally be arriving for in-store mobile, or proximity payments executed by mobile devices. In new research, Forrester says consumer comfort, expanding technology options and migration toward payment security standards are combining to put mobile point-of-sale payments on the brink of fast growth.” <<READ MORE>>

How to Prepare Your Bank Account For Working Abroad

“With the globalization of the world economy, taking jobs overseas has become quite common. In the midst of digging up your passport, packing and perhaps brushing up on a foreign language, it’s important to remember to prepare your bank accounts for travel as well.

Even if you’re not working and are simply voyaging abroad for an extended period of time, it would be pertinent to review your accounts.” <<READ MORE>>