My Digital FootPrint

Source http://www.telco2.net/blog/2012/02/strategy_20_facebooks_strategy.html Personally I feel the Telco's have got it wrong.  They (telco's) are enablers outside of the digital market - they enable it to happen but are not participants.   They are just like the Banks in a digital world.  You need them (today) but the are not participants.  Telco's like banks are regulated and have to a degree a protected status for competition around the world.  It will not be long before it will be cheaper to attack the legislation/ regulation than try to take more cost out from a high volume low margin declining business.  When this happens the battle stats.  The scenarios become set but who starts the attacks.  If Google, Amazon. Paypal, Ebay, Microsoft, Apple lead the world will change.  If Telco's start on telco regulation there will be a long slow battle, telco on banking - could be fun.  Banks will not start anything as they stil...

Social marketing company Argyle Social spoke to 566 online retailers ranging from big brands to niche sites to find out how the social commerce revolution is taking shape. The results indicate that retailers have been somewhat slow on the uptake, with only 17% featuring products on their Facebook page and just 4% enabling check-out functionality. Furthermore, less than a quarter (23%) of those surveyed offered users deals through Twitter, while 29% featured deals on Facebook.

    Verified tags As we have seen before, conferred identity (for example, a driving licence) can be used instead of the primary identity. For example, conferred identity can be used to buy a range of services in the physical world (for instance you can show your driving license to buy services). In the digital world, tags / avatars etc are all a form of identity. However, they are not verified. To achieve the concept of ‘I am not a number..’ you need a verified tag. How can we verify the tag? You could use something like the Liberty alliance or similar mechanism. But that’s too ‘top down’, complex and expensive. But let us put this in perspective first; as indicated before,  A phone call is not a transaction!. The stakes are a lot less lower. In this case, rather than a full fledged approach (such as liberty alliance), which is expensive, a simpler more organic approach could suffice. This approach is based on the concept of ‘Identity...

Lexis_WalletWars_Report.pdf Download this file Lexis conducted research among 1000 UK smartphone owners and found that 48% of consumers would choose traditional banks to operate their mobile wallets. Along with being the most trusted provider of mobile payment services, consumers also highlighted banks as their most influential opinion-formers when considering making a purchase via their mobile. However, the research also showed that 31% would seriously consider, or indeed prefer, using an alternate service provider to their existing banking partner for mobile payment and banking transactions, if given the option. Nearly half of those polled already use their mobile to purchase items and two thirds (61%) use it to research or compare prices. Indeed, the ability to access deals on the move was considered a key benefit that would drive consumers to use their mobile more to shop and bank. As ever, security concerns still prove a barrier to adoption amongst respondents, with...

Good article by Alistair Fairweather titled Four Very Different Mobile Payment Services  - there is more on the article than here and worth a read This is his advantage and disadvantages and my added comments in colour Approach one: Phones as credit card machines (Square) Advantages Ubiquity and familiarity of credit cards (at least in developed economies); A clever and comfortingly familiar payment interface; and The focus on small businesses and vendors has given them cheap and effective market penetration. Disadvantages Requires physical proximity between buyer and seller; Requires a smart phone and special additional hardware (although it is free); and Requires the buy-in of (historically unfriendly) banks and credit card companies (which may slow or limit international adoption). All your lovely data is still not yours and make is easy for the status quo to remain, you can see some natural support from certain players who want to remain in power. Approach two:...

This is an Article from Banking Technology by a sound and hugely respected friend David Birch ------ As the mobile payments area looks set to take finally take off, the next big area for payments services will be identity and authentication, according to a leading commentator. Digital money specialist Dave Birch, a director of Consult Hyperion, this week told the annual Payment Strategies Conference - organised by Experian Identity and Fraud - that "the evolution of an identity market is the next big step" in developing mobile payments and related services. But he warned that "the technologies involved are very different to those in the connectivity space". "In the mass market, biometrics are about convenience, not security," he said. Birch lambasted traditional banks and payments providers for their failure to grasp the nature of the opportunities presented by mobile technologies, which has led them to miss the boat. "I'm almost embarrass...

https://www.tokenpay.com/ Mission is to provide a full service, 100% anonymous online transaction solution.  Claims to take privacy and security to all new levels of protection through a closed-loop network allowing for complete anonymity and untraceable online transactions. You are able to maintain undisclosed your online spending habits as we pass absolutely no personal or account information on to the merchant. With Token Pay you keep your money, financial details, and identity safe, secure and private. They offer Indemnification of transactions and no chargebacks. And they are located…. DRS Holdings, Chancery Court Leeward Highway, Turks And Caicos Islands, BWI Assuming you keep your own “data” – this has the weakest of all levels of security !

infographic courtesy of Microsoft Tag. Smartphones are creating smarter shoppers – so how does that affect you? Check out our new infographic below to learn about the growth of mobile e-commerce, including how people are shopping on their phones, how many retailers have mobile sites (it's astonishingly small, considering over half of smartphone users would buy something from a mobile site), and which demographic makes purchases on their phones the most. This will be on the test...because by 2015, it's predicted that mobile purchases will total $119 billion globally!

Original article from CNN Money “ New cash transfer service rivals PayPal ” The vision of clearXchange is that you use your friends ID in some way to transfer money and hence take on PayPal as the dominant force in P2P payments. At the end of the article is a piece Your bank is profiling you! but it does not quite make the point that this allows access into transaction your were party to, but did not complete in the traditional way and who your friends are. More data about you. The question becomes that do we [the public] understand that for convenience of these services we are entering into the barter of data for service and that this data has more value that the ability to settle a debt with a friend.  Whilst I am sure that this settlement route prevents fraud and money laundering – it also tells “ someone ” about how you use cash, which by its very nature does not have that level of traceability.