Since early this summer, two credit-card companies have been conducting in-house tests of an RFID module that plugs into a mobile phone’s microSD memory card slot, thereby turning a cell phone into a Near Field Communication (NFC) device that can make payments, act as a loyalty card and download information from RFID tags embedded in smart posters.
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The emergence of new smarter systems which are interconnected and streaming real time information are presenting business and governments with a unique opportunity to transform decision making. New opportunities to use this data to predict business outcomes, optimize old systems and spot trends before they happen are actually a reality. IBM’s new service line, IBM Business Analytics and Optimization Services will draw on the company’s deep expertise in vertical industries, research, mathematics and information management to help clients both improve the speed and quality of business decisions while better understanding the consequences and business outcomes of those decisions.
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While any bill can be paid online, regardless of how it is received, a growing number of consumers are also adopting paperless electronic bills (e-bills). E-bills contain the same information as a typical paper bill, but are delivered directly to a consumer’s online banking account or a company website. According to the survey, 24 percent of consumers who pay bills online also receive at least one bill online each month, up from 22 percent last year.
IBM Institute for Business Value’s Wendy Feller talks about Smarter Banking with Fritz Nelson from TechWeb TV: how financial services companies can deliver financial market stability and sustainable returns to the real economy with smarter banking that melds innovative trust, service and products with green computing for a better planet.
“If every financial institution took a harder look at systemic risk… people would be looking at more orderly exiting of markets instead of wsaiting until they blew up.” — Rodney Nelsestuen, Tower Group
