Simple: In Name Only

blogginSelling out to a big bank for $117 million doesn’t exactly strike me as qualifying as a banking industry disruptor. BBVA, however, was not simply paying ~$1200 per customer to acquire Simple’s customers. BBVA paid for a brand that it would need years to build itself.

Mobile Payment Numbers Are Useless

mobilepayDevice shouldn’t be the only factor determining what constitutes a mobile payment. Location matters. As long as the numbers being reported include home-based, web-based purchases, I remain skeptical that mobile payment statistics really capture the shift in behavior.

In Defense Of Bank Branches

I got this from a CNBC article on bank branches: “Mobile transactions are easier for customers and cheaper for banks to service, according to Diebold, a company which specializes in ATM and branch transaction services. In the company’s 2010 investor presentation, it estimated a $4.25 per transaction expense at a bank branch versus only 8…

NeoChecking Accounts

Green Dot recently launched a new type of FDIC insured DDA that is opened and fully serviced on a mobile app. The app includes a savings vault that allows customers to move money into a savings account without gaining access through the debit card, bill pay which includes P2P payment capability, and an ability to…

A Billion Mobile Bankers?

Someone recently forecast that, by 2017, there will be one billion mobile banking consumers across the globe. Having forecast mobile banking consumers myself (just US, not globally), I’m interested in these projections as a sanity check against my own numbers. Here’s my quick and dirty analysis to see if the 1 billion number is reasonable.…

Consumers Don’t Want Mobile Offers

BuyVia, an app/website that claims to be the first all-in-one smart shopping experience across devices (whatever that means), conducted a consumer survey which found: “The majority (56%) of shoppers want to be notified of deals via push notifications on their mobile devices when in an area with local deals.” My take: Oh really? As a…