Blog entries tagged 'Banking'

The cost of the Millennial on the Baby Boomers and Generation X'ers'

mahill510

A recent CBS 60 Minutes show highlighted the gap between the Baby Boomers, those people born between 1946 and 1965, Generation X, those people born between 1965 and 1980, and the New Generation Y or Millennial's, those people born between 1980 and 1995. Highlighted below is a news article in a British Newspaper that describes the angst I am referring to.

Each older generation, has typically been critical of each newer generation, IE the "incumbent generation& [...]

Circle K - Bill Payment Boon in El Paso with TIO and El Paso Electric

mahill510

With the innovation of eCommerce in various local municipalities as a service to the unbanked or under banked, auto-payment services through merchants with their customers that have bank accounts, billing beinf either pre-paid, or billed to your cell phone each month, as well as banks trying to regain eCommerce market share with an under banked communities of interest, why are kiosk application not more readily available to the unbanked?

This April, 2008, El Paso Electric c [...]

Euronet ends MoneyGram pursuit

mahill510

E-payments processor and ATM operator Euronet Worldwide says it will not launch a new bid to acquire fund transfer outfit Moneygram due to the slowdown in the debt and equity markets.

Euronet made an unsolicited $1.65 billion bid to acquire MoneyGram in December 2007. The stock offer valued MoneyGram at $20 per share - some 40% higher than the stock's price at the time - but was rebuffed by MoneyGram.

Earlier this month MoneyGram agreed [...]

Gift Cards � a Grandparents Dream or a Recipients Nightmare

admin

One study pegs the growth of Gift Card Promotions at 20% a month; this study did include Stored Value Cards, and rechargeable gift cards.

Incentive Gift Cards have community awareness, as indicated by an online research survey conducted by a First Data Consumer Incentives Study with 526 surveyrespondents.

"Two-thirds, 67 percent, of survey respondents state they were already extremely or very familiar with Gift Cards. During past purchase de [...]

CFSI�s Innovators Roundtable study of the underbanked market

admin

The Center for Financial Services Innovation (CFSI) announced a new study with a number of financial institutions, which have identified the underbanked or the unbanked as a boon into capturing a greater market share for their financial service offerings.

CHICAGO (BusinessWire)--The Center for Financial Services Innovation announced today the initiation of the first comprehensive, authoritative national segmentation study of the underbanked market. Citi, eFunds (now [...]

Mobile banking set to soar in US - report

mahill510

The number of US customers using mobile banking services is set to surge in the next few years and will rise from 1.6 million in 2007 to 35 million by year-end 2010, according to Boston-based research consultancy Aite Group.

The number of customers taking up mobile banking will jump from 1.6 million in 2007 to 9.5 million in 2008, according to the research. The number is set to double in 2009 to 21.1 million users before hitting 35 million users in 2010.

Aite [...]