Archive for May, 2012

I’m very excited about our upcoming mobile banking panel at Celent’s Innovation and Insight Day in Charlotte on June 13th. We have three great panelists: Brian Pearce, Senior Vice President, Head of Retail Mobile Channel, Wells Fargo Internet Services Group Ginger Schmeltzer, Senior Vice President, Digital Channels, SunTrust Bank Todd Schofield, Managing Director, Standard Chartered. […]

May 31st, 2012 | Filed under Retail Banking, Uncategorized

There are so many choices when it comes to P2P services offered by banks. Yesterday, clearXchange announced that it has finally gone live for payments being sent between Wells Fargo and Bank of America. This isn’t the first big move in this space in 2012 – Fiserv announced in late February that it is combining […]

May 25th, 2012 | Filed under Retail Banking

Just as PayPal in the US was gearing up to challenge the established order of payment networks (see my previous blog), on the other side of the Atlantic, MasterCard (MA) received news that the European General Court upheld a decision by the European Commission (EC) that the scheme’s multilateral interchange fees (MIF) violate EU antitrust […]

May 25th, 2012 | Filed under Banking, Retail Banking

The readers of this blog and Celent clients with access to our reports will know that when we talk about “mobile payments” we are careful to specify what we mean by it. While many talk about NFC payments, we prefer to discuss “mobile at the retail point-of-sale”, recognising the diversity of ways how a mobile […]

May 25th, 2012 | Filed under Banking, Retail Banking

Finextra published an article yesterday that was also picked up by American Banker and others. The news was twofold: 1. Bank of America announced it enjoys 10 million mobile banking customers, up about 3 million from a year ago – about 43,000 new active mobile customers per week. 2. Concurrent with its swelling ranks of […]

May 25th, 2012 | Filed under Banking, Retail Banking

Its event season at the moment – I’m off to Madrid for a client event tomorrow for example. Last week though was EBADay in Edinburgh. EBADay is actually now a 2 day event, now, by my calculations, in its 6th year. Its roots lie in the EBA Clearing AGM, which actually is central to its […]

May 21st, 2012 | Filed under Banking, Corporate Banking

I recently blogged about all the different mobile payments initiatives in the UK. As if not wanting to be left behind, this week Canada had a few announcements of its own. On Monday, the Canadian Bankers Association (CBA) introduced mobile payments guidelines. And on Tuesday, Rogers Communications, a Telco, and the Canadian Imperial Bank of […]

May 18th, 2012 | Filed under Banking, Retail Banking

Last week I was in Baltimore for the Nacha Payments annual event, a regular fixture on my calendar. I just wanted to share some impressions, some of my own, others themes from the many conversations I had. For those of you who’ve not been, it’s a large event – registrations this year were around the […]

May 10th, 2012 | Filed under Banking, Corporate Banking, Retail Banking

Farmers & Merchants Bank, a $2 billion-asset bank based in Long Beach, Calif., is launching an image cash letter service. The accompanying press release caught the eye of American Banker resulting in a story today on the topic, Big Check Volumes Aren’t Just for Big Banks, a Small Bank Says, written by John Adams. I […]

May 10th, 2012 | Filed under Banking, Corporate Banking, Healthcare Banking

Celent Banking Innovation and Insight Day is around the corner! The response so far to this event has been tremendous and we are expecting a full house. Come join us in Charlotte on June 13th to gain a fresh perspective on the future of mobile banking and payments, tablet banking, industry disruption, and more. Celent […]

May 8th, 2012 | Filed under Uncategorized