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PSA: eBay might not let you sell items without a bank account starting Valentine’s Day

The Verge

In 2002, eBay bought PayPal for $1.5 But the once-happy couple has been breaking up for years — and on Valentine’s Day, some sellers may no longer be able to sell items on eBay at all without connecting an old-school bank account instead.

Banking 108
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What Kenya can teach its neighbors — and the US — about improving the lives of the “unbanked”

Vox

With cellphones in widespread use, getting everyone access to banking is within reach. She needs cash before she heads to the market, but the nearest bank would be several days’ walk. Welcome to the world of mobile money banking. In much of the world, people don’t live near banks or have bank accounts.

Banking 134
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Twenty Years of Blogging

Phil Windley

I started blogging in May 2002 , twenty years ago today. But my life and bank account are richer because I blog. I often think "Oh, I get this" and then go to write it down and find all kinds of holes in my understanding. I write to understand. Consequently, I write my blog for me. But I hope you get something out of it too!

Travel 114
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Peer-to-peer banking - Trends in the Living Networks

Trends in the Living Networks

The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.

Banking 83
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Transparency has long been driving business and society. but it's only just begun

Trends in the Living Networks

In my 2002 book Living Networks , the final chapter was on the future of a networked world. The full text of my 2002 prediction on transparency from Living Networks is here, with the full book chapter embedded at the bottom of the post. The inevitability of a transparent world has long shaped my thinking about the future.

Banking 113
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Sell-side banks become consultants - Trends in the Living Networks

Trends in the Living Networks

As such, the emerging domain of algorithmic trading – which largely automates trade execution – is in fact providing new ways for investment banks to create high-value relationships with the clients. However even greater value can be created by adding explicit value to clients’ decision-making processes.

Banking 60
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Lloyds TSB pilots social media - Trends in the Living Networks

Trends in the Living Networks

» Lloyds TSB pilots social media Ross Dawson, February 26, 2008 7:30 PM US PT James Gardner, head of innovation at Lloyds TSB, writes consistently on his blog Bankervision , disclosing some of the key issues involved in innovating in a major bank. Some excerpts from his below show how blogging can change how corporations work.

Media 60