Virtual banking : a guide to innovation and partnering / Dan Schatt

Author:: Schatt, Dan
Published:: Hoboken, New Jersey : Wiley, [2014]
Physical Description:: xxi, 216 pages ; 24 cm.

Availability

Finding items...

Series:

Wiley finance series

Contents:

Machine generated contents note: The Influence of Cloud on Innovation -- The Influence of Smartphones -- Big Data = Big Driver of Innovation -- Taking a Cue from Retailing -- The Enemy of My Enemy Is My Friend -- Reconciling Innovation and Regulation -- In Search of New Payment Revenue Streams -- New Skill Sets for a New Era -- A Road Map for This Book -- Notes -- How Mobile is Reshaping Consumer Expectations in Financial and Retail -- How Mobile Is Changing Consumer Behavior -- Mobile Is Blurring the Lines between Digital and Physical -- Mobile Learnings from PayPal and Square -- Mobile Commerce through Tokenization -- The Mobile Camera[—]It's Not Just for Pictures Anymore! -- The Mobile Microphone[—]Offers and Payments through Soundwaves! -- NFC's Rebound and the Promise of Host Card Emulation -- Apple's Passbook -- The Apps Phenomenon -- The Uber-ization of Mobile -- "Top of Wallet" to "Top of Mobile" -- The Case of Braintree and Simple -- The QR Code -- What Banks Can Learn from Starbucks -- Leveling the Playing Field with LevelUp -- From Mobile Banking to Tablet Banking -- Mobile Models for the Emerging Markets -- What's Next? More of the Same -- Notes -- Maintaining Relationships and Relevance through Social strategies -- Digital, Data, and the Future of Banking -- Social Media Experiences in Banking -- Gamification -- Personal Financial Relationship Mapping -- Capitalizing on Social Banking -- Moven: Delivering Banking through Social Context -- Social Banking in Europe and Asia -- Social Login, Sharing, and Top of Wallet -- Peer-to-Peer Lending: Blending Social and Banking -- Beyond the Hype: Partnering for the Future with Peer-to-Peer Lenders -- Lending Club: A Win-Win for Banks and Their Customers -- Takeaways for Banks -- An Investor's Perspective on Social Banking and the Emergence of Bitcoin -- Message To Banks: Be a Smaller Part of a Bigger Pie -- Notes -- Location-Based Services, Mobile Commerce, and Digital Wallets -- The "Local" Digital Wallet -- The New Retail Experience -- Retail 2.0 and Its Effect on Payments -- Entrepreneurs, Developers, and Financial Services -- Context Banking: The Next Step -- Low-Energy Bluetooth, Hardware, and the Future of Commerce -- iBeacon and EasyPay: The Future of In-Store Payments? -- PayPal's iBeacon: Proximity and Context -- Google Glass for Finances -- In Search of the Digital Wallet -- Personal Financial Management -- Coupons -- Shopping Tools -- Loyalty and Prepaid -- Tickets and Passes -- The Who's Who of Digital Wallets -- Google -- LifeLock (formerly Lemon Wallet) -- PayPal -- Carriers -- Retailers -- Square Wallet -- What's Next? -- Notes -- Competing in a World of Unlimited Data and Storage -- The Rise of Platform Services -- Application Programming Interfaces (APIs) for Online and Mobile Commerce -- Coping Strategies for Banks -- PayPal's Bold Bet: Unleashing Innovation through an Open Platform -- App Stores for Banks: Will It Work? -- What's Next? -- Notes -- How Bitcoin May Prove Dianstormational to the Financial Services Industry -- Entering the Age of Context -- Intro to Math-Based Currencies -- Why "Math-Based Currencies"? -- MBCs Are a Reality -- History of Digital Currencies -- Math-Based Currency Characteristics -- Bitcoin: The First MBC -- Bitcoin's Brief History -- Is It Bitcoin, bitcoin, or Just BTC -- Bitcoin Is a Powerful Concept -- How Bitcoin Works -- Digging Bitcoin -- Digital Push Payments -- Counterfeiting No More -- MBCs Enable Programmable Money -- Completing the Bitcoin Ecosystem -- Bitcoin Exchanges -- Bitcoin Wallets[—]Where to Store Your BTC -- Mobile Wallets -- Cloud-Based Wallets -- Bitcoin Hardware Wallet -- Bitcoin Vaults -- Trading Platforms -- Bitcoin Use Cases in Payments -- MBCs as Payment Rails -- B2B Payments[—]The Known Counterparty -- Bitcoin and Consumer Payments -- Buy Me a Beer -- E-Commerce and MBCs -- Getting Harder: Music and Video -- Challenges at the POS -- Improving Bitcoin Processes -- Improving the Bitcoin Protocol -- Programming Bitcoin for a Special Case: Online Micropayments -- Wallets -- Ripple: The Second MBC -- MBC Use Cases in Banking -- International Remittance Rails -- Interbank Settlement -- Building Trust with MBCs -- Automating Transaction Policies -- Moving Ahead with MBCs -- Conclusion -- Models that Will Survive the Next Generation -- The Prepaid Model -- Prepaid Nation: Redefining What a Bank Can Be -- The "Underbanked" and Opportunities for Innovation -- Stockpile: An Example of Brokerage Innovation Through Partnering -- MoneyGram: An Example of Innovation through Partnering -- Innovative Ways to Expand Access[—]PayNearMe -- How Innovative Banks Are Partnering for Innovation -- The CEO-CIO Relationship Driving the Innovation of ING DIRECT Canada -- A Whole New Era -- How Banks Can Compete in the Future -- Three Imperatives to Partner for Innovation -- A Venture Capitalist's Look at the Future of Banking -- Technology as an Enabler and Partner -- What the Next 50 Years Might Hold -- Digital -- Relationship Management -- Platform and Identity Friendly -- The Future Bank Bundle: Platform-Relationship-Utility -- Notes.

Summary:

"Technology is permanently transforming the banking industry, and digital payments are the keyElectronic Payments, Mobile Commerce, and Virtual Banking: A Guide to Innovation, Partnering, and Regulation takes a hands-on approach to competing in the modern banking environment. Former PayPal Head of Financial Innovation Dan Schatt explores the reasons behind the massive consumer migration away from traditional banks, and provides clear, actionable guidance on beating new banking models at their own game. Digital payment is the hottest topic in banking today, and is set to define the future of the industry.Consumers are rapidly abandoning traditional banks in favor of institutions that are lower-cost and more consumer-centric. Between the pace of financial regulatory reform and the cloud computing revolution, the old banking model is on the fast track to extinction. Electronic Payments, Mobile Commerce, and Virtual Banking provides the information banks need to compete in this new environment, and details the integral implementation actions that will allow them to thrive. The book discusses real-world innovations from banks, non-banks, and up and comers, and the heavy competition from the new outsource bank model. Topics include: The changing POS landscape and the need for digital wallet partnerships Shifting gears to greenfield market opportunities versus non-profitable markets Digital channel best practices for superior customer experience When to outsource, and what capabilities to truly own Case studies including PayPal, Google, Square, Facebook, Twitter, and more illustrate acceleration of innovation through banking partnerships, as well as the mechanics behind banking's biggest, scariest threats. The trick to surviving the paradigm shift is to embody innovation while providing a superior customer proposition. Electronic Payments, Mobile Commerce, and Virtual Banking: A Guide to Innovation, Partnering, and Regulation provides the inside track on managing the shift and dominating the new marketplace"--

Subject(s):

ISBN:

9781118742471 (hardback)
1118742478 (hardback)
9781118742549 (ePDF)
9781118742365 (ePub)

Note:

Includes index.
Machine generated contents note: Foreword Preface Acknowledgments Introduction: Innovating Through Scarcity The Influence of Cloud on Innovation The Influence of Smartphones Big Data = Big Driver of Innovation Taking a Cue from Retailing The Enemy of My Enemy Is My Friend Reconciling Innovation and Regulation In Search of New Payments Revenue Streams New Skillsets for a New Era A Roadmap for This Book Notes Chapter 1: Consumer Empowerment Knocking At the Door How Mobile is Reshaping Consumer Expectations in Financial and Retail How Mobile is Changing Consumer Behavior Mobile is Blurring the Lines between Digital and Physical The Uber-ization of Mobile 'Top of Wallet' to "Top of Mobile" The QR Code What Banks Can Learn From Starbucks Leveling the Playing Field With LevelUp From Mobile Banking to Tablet Banking Mobile Models for the Emerging Markets What's Next? More of the Same Notes Chapter 2: Social and Financial Services Maintaining Relationships and Relevance through Social strategies Digital, Data, and the Future of Banking Social Media Experiences in Banking Gamification Personal Financial Relationship Mapping Capitalizing on Social Banking Moven: Delivering Banking through Social Context Social Banking in Europe and Asia Social Login, Sharing, and Top of Wallet Peer to Peer Lending: Blending Social and Banking Beyond the Hype: Partnering For The Future with Peer-to-Peer Lenders Lending Club: A Win-Win for Banks and Their Customers An Investor's Perspective on Social Banking and the Emergence of Bitcoin Message To Banks: Be a Smaller Part of a Bigger Pie Notes Chapter 3: Connected Financial Commerce Location-based Services, Mobile Commerce, and Digital Wallets The "Local" Digital Wallet The New Retail Experience Retail 2.0 and Its Effect on Payments Entrepreneurs, Developers, and Financial Services I d Context Banking: The Next Step Low Energy Bluetooth, Hardware, and the Future of Commerce iBeacon and EasyPay: The Future of In-store Payments? PayPal's iBeacon: Proximity and Context Google Glass for Finances In Search of the Digital Wallet The Who's Who of Digital Wallets What's Next? Notes Chapter 4: Innovating with Big Data and Open Platforms Competing in a World of Unlimited Data and Storage The Rise of Platform Services Application and Programming Interfaces (APIs) for Online and Mobile Commerce Coping Strategies for Banks PayPal's Bold Bet: Unleashing Innovation Through an Open Platform App Stores For Banks: Will It Work? What's Next? Notes Chapter 5: The Smart Pipe Models that Will Survive the Next Generation The Prepaid Model Prepaid Nation: Redefining What A Bank Can Be2 The 'Underbanked' and Opportunities for Innovation MoneyGram: An Example of Innovation Through Partnering Innovative Ways To Expand Access- PayNearMe How Innovative Banks Are Partnering For Innovation The CEO, CIO Relationship Driving the Innovation of ING DIRECT Canada6 A Whole New Era7 A Venture Capitalist's Look at The Future of Banking Technology As An Enabler And Partner... What the Next 50 Years Might Hold? The Future Bank Bundle: Platform-Relationship-Utility Notes Chapter 6: Math Based Currencies How Bitcoin May Prove Transformational to The Financial Services Industry ( George Peabody) Entering The Age of Context Intro to Math-based Currencies Why "Math-based Currencies"? History of Digital Currencies Math-based Currency Characteristics Bitcoin: The First MBC Is it Bitcoin, Bitcoin, or Just BTC How Bitcoin Works Counterfeiting No More Completing the Bitcoin Ecosystem Bitcoin Use Cases in Payments Improving the Bitcoin Protocol Ripple: The Second MBC International Remittance Rails Interbank Settlement Building Trust with MBCs Automating Transaction Policies Moving Ahead with MBCs Conclusion About the Companion Website About the Author Index .

Bibliography Note:

Includes bibliographical references and index.

Source of Acquisition:

Purchased with funds from the Paterno Libraries Endowment (Harrisburg); 2014

Endowment Note:

Paterno Libraries Endowment (Harrisburg)

View MARC record | catkey: 13855715