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Posts tagged with "Amazon"


Amazon Insurance & The Consumerization of Payments

Last year, Mr. Bezos officially entered India’s insurance market. The rumors swirled all summer long in 2018, especially after Amazon’s acquisition of PillPack, an online pharmacy that’s giving brick-and mortar-operations a run for their money If Amazon could eventually master the payment processing complexities of the medical industry, why couldn’t they consider the insurance market?…

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7 Benefits of Online Check Shopping Implementation

Is your customer able to order checks online? Are your customers able to easily locate and place an order on your mobile site? If your answer to either of those questions is no, you might want to spend some time looking at this experience from your customers perspective. It might seem like a bit of…

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The Pony Express May Have Dire Consequences for FIs

The latest payments news from the Google camp involves the firm’s announced reboot of Android Pay and Google Wallet. I’ll defer to others to provide the specifics (the NY Times offers a nice synopsis) but I’m struck by the extent to which Apple Pay is winning the PR wars. Android Pay is being portrayed as…

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Is Your Bank Avoiding the Forbidden Word?

Let’s say you’re finally fed up with your local mega-bank and have decided to move your checking account to another nearby bank or credit union.  One of the reasons for making this move is the loss of free checking because your mega-bank added a $12 monthly fee and a $1,200 minimum balance requirement. In other…

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Debit Card Fees and the Law of Unintended Consequences

What’s this? Consumers threaten to return to writing checks. Frequently in life, upon making a decision, we don’t get what we want.  We get something else – usually something undesirable.  Some say we get what we deserve.  It’s the result of failing to consider the law of unintended consequences. For example, in late June, California…

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The Uncertain Future of Branch Banking

Anyone who believes branch banking isn’t susceptible to obsolescence hasn’t been paying attention to the migration of renting movies from brick and mortar storefronts to kiosks and ultimately online only availability. How long will it be before the last remaining Blockbuster store is closed – being replaced by the ubiquitous Red Box kiosks and ultimately…

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The Beginning of the End of Traditional Banking?

It’s possible that someday we’ll look back and realize that online-only banks were the beginning of the end of traditional banking – or at least of branch banking. Perhaps we’ll realize that the rush to mobile banking was the second major event taking us in this direction. If this turns out to be true, then…

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