Wednesday, June 30, 2004
Goodbye Jan !
Good bye Jan, and until we meet again !
Posted by Simon on 5:17 PM | link
Tuesday, June 29, 2004
Retirement J. Verhaegen
Posted by Simon on 5:54 PM | link
Wednesday, June 23, 2004
Royal Bank of Scotland buys Bibit Payment Service Provider
bought payment service provider Bibit in May. Price was most likely 90
million euro. And so we see how innovation may occur outside the banking
sector to become part of the sector as soon as viability has been proven.
Posted by Simon on 4:32 AM | link
Thursday, June 17, 2004
Add another payment mechanism and make more money...
CyberSource has released the results of a recent study it performed that concludes that merchants can convert as many as 20% more customers by offering them more payment types to choose from.
Those merchants offering one payment type, such as general purpose credit cards, for example, convert 60% of their shoppers. Those offering four types, e.g., credit cards, gift certificates, eChecks, PayPal, etc., convert 72% of their shoppers -- a 20% increase.
The survey results are incorporated into a new industry whitepaper from CyberSource, "The Insider's Guide to eCommerce Payment".
Posted by Simon on 8:53 AM | link
Tuesday, June 15, 2004
Albert Heijn stops with savings account (cooperation Aegon)
My guess is that retailer banking might work, but the current situation at Albert Heijn is one of cost cutting and streamlining. So all eyes are now fixed on KBB Vendex with their financial services unit.
Posted by Simon on 5:52 PM | link
Sunday, June 06, 2004
Stimulating mobile payments...?
It is only too often that people say that the e-purse schemes Chipper and Chipknip were not a success given that the technology was incompatible. However, this is incorrect. From the outset, both schemes aimed for and allowed for interoperability, given that any business calculation shows this is the best way forward (see also the dissertation of Leibbrandt). And as soon as the specifications were available, terminals were built that allowed both schemes.
What happened in the market however is that the competiton between Chipper and Chipknip became very tough, including big advertisements, deals with merchants to only accept the one scheme and not the other etcetera. But fact of the matter is that in 1997 a common chipknip/chipper terminal was available and in use on counters in retailers shops.
Given the competition between Chipper and Chipknip and the uncertainty as to their future market position, many retailers refused to choose the one or the other. This buyers boycot lead Chipper (second in the market) to re-evaluate their market position and their possibilities to become bigger than Chipknip. The conclusion was that it would be best to eliminate Chipper and migrate to Chipknip.
So the Chipknip/Chipper history is not one of incompatible technical standards, but one of strong competition in the banking market, followed by consolidation towards a more efficient setting. Now isn't it interesting that most people don't want the Chipper/Chipknip history to be repeated while on the other hand banks are urged to be more competitive?
Posted by Simon on 5:22 PM | link
Danish e-purse scheme Danmont closes down
Nils Hilbard, director of payment cards in PBS A/S states among others that:
"The perspectives of having an electronic purse has not attracted enough merchants to accept Danmønt. The limited user possibilities have limited the Danes' interest in having a Danmønt card. We have therefore decided to close down the scheme from 31 December 2005. Cards can still be acquired, used and loaded until the end of 2005."
Dankort (the debit/credit-card) will fill the gaps that Danmont leaves. And I'm sure some other payment mechanisms (contactless) may enter the scene some day.
Posted by Simon on 5:16 PM | link
Online banking becoming killer-app on the web
4,9 million Dutch surfers (70 %) work with an on-line banking application. And 86 % of the Dutch on-line population has once bought over the web (books, clothing, airline tickets). On average the Dutch surfer buys 4 products/services via the Internet with an average price of 96 euro.
Posted by Simon on 5:15 PM | link
Thursday, June 03, 2004
Electronic ID via the bank
Well, my guess is that the decomposition of the payment transaction chain, means that previously coupled functions, such as identification, authentication and autorisation, may be independently sold, resold, and packaged by banks. Banks may well consider positioning these products, if only to make sure that any future identification requirement can be taken care of against a proper commercial price rather than as a legal obligation that must be provided for free....
Posted by Simon on 12:29 AM | link
Wednesday, June 02, 2004
Credit-card acquirers all over the place
Posted by Simon on 11:23 PM | link
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