Comments on: A bank’s payment strategy in 3 words: Convenience, Convenience, Convenience

By: Tim

Tim — Mon, 14 Jun 2010 17:45:11 +0000

Nice post. There is one more web tool for solving expenditure division problem: http://www.expensesharing.com. It's interface is similar to doodle. Though, it has a bit less features.

By: Teaching English in Taiwan

Teaching English in Taiwan — Sat, 14 Nov 2009 10:20:42 +0000

Nice one. I have stumbled and twittered this for my friends. Others no doubt will like it like I did.

By: Payday Loan Advocate

Payday Loan Advocate — Mon, 06 Oct 2008 06:17:26 +0000

Some people don’t seek temporary financial assistance from places such as traditional banks, credit unions or credit card companies is the hassle. Perhaps, whether taking out bank loans or putting whatever debt you’re facing on credit, approval processes are long, drawn out and normally exclude a large portion of the population whose credit history isn’t exactly great. And even if you are approved to borrow money, most of these other avenues won’t lend you small amounts, such as one or two hundred dollars, to hold you over until your next payday or cover the cost of a minor, yet urgent, car repair. When you apply for financial assistance with the help of payday loan, most lenders never performing credit checks before making an approval decision. Most of the lenders also do not require faxing of documents.

By: sdjohns

sdjohns — Wed, 13 Aug 2008 11:53:40 +0000

Thanks for the market intelligence, Guillaume. You might also check out Wigadoo, which enables people to contribute their share of the cost of a group event to a pre-paid card.

Best wishes,
SDJ

By: Setok

Setok — Sun, 10 Aug 2008 18:11:09 +0000

Hi, have you had a look at Expensure's competitor, Scred? Expensure does a nice effort with the look of their site (something we are still working on) but, unlike them, we also do actual currency conversion and we have a version that runs on most mobile phones, even when not connected to anything. Both essential features if you're travelling. Plus you can register debts outside pools (what Expensure calls ledgers).

By: Its a Wonderful Life, but not for Banks and payments « The Bankwatch

Its a Wonderful Life, but not for Banks and payments « The Bankwatch — Wed, 30 Jul 2008 18:40:36 +0000

[…] Guillaume’s blog » Blog Archive » A bank’s payment strategy in 3 words: Convenience, Conve… But at the same time, Bart Decrem, CEO of Tapulous, a social app company for the iPhone, was saying in the background: “Ease-of-use, Ease-of-use, Ease-of-use”, in other words: convenience drives customer value and their willingness to pay. […]

By: Guillaume

Guillaume — Wed, 30 Jul 2008 12:54:49 +0000

I just tried the mobile version and I'm glad to see most of the features found in the non-mobile version are there. Thank you.

By: Andrew

Andrew — Wed, 30 Jul 2008 12:39:20 +0000

Hi Guillaume,

It's always great to read a post from a satisfied user!

We'e planning to tie PayPal in at some point soon (and perhaps we'll look into Amazon Flexible Payment Services too), but that isn't so much a revenue generating thing as it is a useful squaring of the circle for our users.

+ would love to know if you have tried out the mobile version - http://expensure.com/mobile yet?

By: Guillaume

Guillaume — Wed, 30 Jul 2008 03:48:24 +0000

I agree. payments = network + risk management + consumer service IMO (?). Risk management costs can be reduced by leveraging the information in social networks (ex. why do I need to pay intermediaries a % for insurance if I know my friend/customer is going to pay b/c I know him/her) as well as by using more reliable authentication schemes. Network is where SEPA can help, although I think it's much more profitable for multinational banks to build their own in-house european-wide SEPA and sell it to merchants.

That said, I think the power is going to move from the network owners to the consumer service owners i.e. the apps driving the payments rather than the payment infrastructure itself.

By: Pierre Henri Clouin

Pierre Henri Clouin — Wed, 30 Jul 2008 02:45:21 +0000

Here's another interesting addition to online payment options - Amazon Payments - and to Amazon's Web Services offering). The Checkout by Amazon opens up Amazon's 1-Click to other merchants. The most interesting one is Amazon Flexible Payment Services, which strikes me as an interesting step towards much richer payment APIs and services.