Financial Myths Busted

Grad Money Matters blog has busted some long standing myths that stop us from managing our finances better. Some 80+ myths have been listed and debunked on the post. From simple things like, Money = Happiness to I don’t make enough money, so I don’t save to why paying the minimum balance on your credit [...]

A Revolution In Online Money Transfer

The way we transfer money online could change with the launch of Revolution Money, an innovative new payment platform created to transform the payment industry by drastically altering the economics through Internet-based technology. The beauty of the idea is that it also looks at small everyday transactions, like collecting contributions for an office party, or [...]

Impediments To Mobile Payments

A tussle between banks and mobile operators on exactly where the data security component should reside in a mobile phone is threatening to delay the widespread adoption of contactless mobile payments. Mobile phone operators want the security layer to be in the simcard, a device they control, while financial institutions want security mechanisms to reside [...]

Payment Innovation. Where From?

Digital Money Forum laments the lack of new ideas in the payment business. With banks looking to change the cost/income ratio by both increasing income (perhaps by making riskier investments!!) and becoming more operationally efficient factories for money, what will drive innovation? The story looks at how organisations and not just banks, are having [...]

Going Online To Watch Ads

FOR generations, advertising interrupted the entertainment that people wanted to read, hear or watch. Now, in a turnabout, advertising is increasingly being presented as entertainment — and surprisingly, the idea of all ads, all the time, is gaining some favor. One reason is the proliferation of broadband Internet connections, which make it easier for computer [...]

Neiman Marcus Gets A Channel

Luxury retail chain Neiman Marcus is celebrating its 100th birthday with a series of four-minute video clips on YouTube. The channel features Richard Marcus, the company’s CEO and top designers talking about their favorite memories and attributes of the company. Like anything online, the series is getting Real Time reviews from website visitors. Some criticize [...]

A Guarantee From Time

There are simply too many options beyond traditional advertising for media owners to set the agenda any more. So in another sign on how the power is shifting away, publishing giant Time Inc. is breaking with long-held conventions of the magazine industry and has agreed to report circulation sales figures in nearly Real Time and [...]

Changing Habits. Losing Control.

Cammie Dunaway of Yahoo! had an interesting point on how consumers today are consuming and reacting to media messages. Speaking at a round table set up by McKinsey Quarterly, Cammie noted that in a wireless home, the consumption of media increased by three hours a week because people are consuming different kinds of media at [...]

Pricing Is Right

Finextra has this whitepaper from SunTec on the pricing innovation that banks are involved in to get a better share of retail banking. The paper argues that pricing - already the most common criteria consumers use while selecting a financial institution - will become increasingly important as a tool to attract new customers and strengthen [...]

The Real Worth of Customers

In its study, The ‘Wallet-Share’ War: Measuring Customer Value and Profitability, Aberdeen surveyed 280 companies across industries to understand how they approach customer profitability. The findings, unsurprisingly, say that best-in-class companies share the use of analytical and precision marketing tools to measure and increase customer value and profitability. While no “magic bullet” emerged as a [...]