{"product_id":"virtual-banking-a-guide-to-innovation-and-partnering-wiley-finance-9781118742471","title":"Virtual Banking A Guide to Innovation and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eTechnology is permanently transforming the banking industry, and digital payments are the key   Electronic Payments, Mobile Commerce, and Virtual Banking: A Guide to Innovation, Partnering, and Regulation takes a hands-on approach to competing in the modern banking environment.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003eINTRODUCTION\u003c\/p\u003e \u003cp\u003eInnovating through Scarcity 1\u003c\/p\u003e \u003cp\u003eThe Influence of Cloud on Innovation 3\u003c\/p\u003e \u003cp\u003eThe Influence of Smartphones 4\u003c\/p\u003e \u003cp\u003eBig Data = Big Driver of Innovation 4\u003c\/p\u003e \u003cp\u003eTaking a Cue from Retailing 5\u003c\/p\u003e \u003cp\u003eThe Enemy of My Enemy Is My Friend 6\u003c\/p\u003e \u003cp\u003eReconciling Innovation and Regulation 6\u003c\/p\u003e \u003cp\u003eIn Search of New Payment Revenue Streams 8\u003c\/p\u003e \u003cp\u003eNew Skill Sets for a New Era 9\u003c\/p\u003e \u003cp\u003eA Road Map for This Book 9\u003c\/p\u003e \u003cp\u003eNotes 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Consumer Empowerment Knocking at the Door 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eHow Mobile Is Reshaping Consumer Expectations in Financial and Retail\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Mobile Is Changing Consumer Behavior 15\u003c\/p\u003e \u003cp\u003eMobile Is Blurring the Lines between Digital and Physical 17\u003c\/p\u003e \u003cp\u003eMobile Learnings from PayPal and Square 19\u003c\/p\u003e \u003cp\u003eMobile Commerce through Tokenization 27\u003c\/p\u003e \u003cp\u003eThe Mobile Camera—It’s Not Just for Pictures Anymore! 29\u003c\/p\u003e \u003cp\u003eThe Mobile Microphone—Offers and Payments through Soundwaves! 30\u003c\/p\u003e \u003cp\u003eNFC’s Rebound and the Promise of Host Card Emulation 31\u003c\/p\u003e \u003cp\u003eApple’s Passbook 33\u003c\/p\u003e \u003cp\u003eThe Apps Phenomenon 35\u003c\/p\u003e \u003cp\u003eThe Uber-ization of Mobile 36\u003c\/p\u003e \u003cp\u003e“Top of Wallet” to “Top of Mobile” 38\u003c\/p\u003e \u003cp\u003eThe Case of Braintree and Simple 39\u003c\/p\u003e \u003cp\u003eThe QR Code 40\u003c\/p\u003e \u003cp\u003eWhat Banks Can Learn from Starbucks 41\u003c\/p\u003e \u003cp\u003eLeveling the Playing Field with LevelUp 43\u003c\/p\u003e \u003cp\u003eFrom Mobile Banking to Tablet Banking 45\u003c\/p\u003e \u003cp\u003eMobile Models for the Emerging Markets 47\u003c\/p\u003e \u003cp\u003eWhat’s Next? More of the Same 51\u003c\/p\u003e \u003cp\u003eNotes 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Social and Financial Services 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eMaintaining Relationships and Relevance through Social strategies\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDigital, Data, and the Future of Banking 58\u003c\/p\u003e \u003cp\u003eSocial Media Experiences in Banking 60\u003c\/p\u003e \u003cp\u003eGamification 62\u003c\/p\u003e \u003cp\u003ePersonal Financial Relationship Mapping 63\u003c\/p\u003e \u003cp\u003eCapitalizing on Social Banking 65\u003c\/p\u003e \u003cp\u003eMoven: Delivering Banking through Social Context 66\u003c\/p\u003e \u003cp\u003eSocial Banking in Europe and Asia 70\u003c\/p\u003e \u003cp\u003eSocial Login, Sharing, and Top of Wallet 71\u003c\/p\u003e \u003cp\u003ePeer-to-Peer Lending: Blending Social and Banking 73\u003c\/p\u003e \u003cp\u003eBeyond the Hype: Partnering for the Future with Peer-to-Peer Lenders 74\u003c\/p\u003e \u003cp\u003eLending Club: A Win-Win for Banks and Their Customers 75\u003c\/p\u003e \u003cp\u003eTakeaways for Banks 79\u003c\/p\u003e \u003cp\u003eAn Investor’s Perspective on Social Banking and the Emergence of Bitcoin 80\u003c\/p\u003e \u003cp\u003eMessage To Banks: Be a Smaller Part of a Bigger Pie 85\u003c\/p\u003e \u003cp\u003eNotes 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Connected Financial Commerce 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eLocation-Based Services, Mobile Commerce, and Digital Wallets\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe “Local” Digital Wallet 91\u003c\/p\u003e \u003cp\u003eThe New Retail Experience 91\u003c\/p\u003e \u003cp\u003eRetail 2.0 and Its Effect on Payments 93\u003c\/p\u003e \u003cp\u003eEntrepreneurs, Developers, and Financial Services 95\u003c\/p\u003e \u003cp\u003eContext Banking: The Next Step 96\u003c\/p\u003e \u003cp\u003eLow-Energy Bluetooth, Hardware, and the Future of Commerce 97\u003c\/p\u003e \u003cp\u003eiBeacon and EasyPay: The Future of In-Store Payments? 98\u003c\/p\u003e \u003cp\u003ePayPal’s iBeacon: Proximity and Context 100\u003c\/p\u003e \u003cp\u003eGoogle Glass for Finances 101\u003c\/p\u003e \u003cp\u003eIn Search of the Digital Wallet 102\u003c\/p\u003e \u003cp\u003ePersonal Financial Management 103\u003c\/p\u003e \u003cp\u003eCoupons 104\u003c\/p\u003e \u003cp\u003eShopping Tools 104\u003c\/p\u003e \u003cp\u003eLoyalty and Prepaid 104\u003c\/p\u003e \u003cp\u003eTickets and Passes 105\u003c\/p\u003e \u003cp\u003eThe Who’s Who of Digital Wallets 106\u003c\/p\u003e \u003cp\u003eGoogle 107\u003c\/p\u003e \u003cp\u003eLifeLock (formerly Lemon Wallet) 108\u003c\/p\u003e \u003cp\u003ePayPal 109\u003c\/p\u003e \u003cp\u003eCarriers 110\u003c\/p\u003e \u003cp\u003eRetailers 111\u003c\/p\u003e \u003cp\u003eSquare Wallet 113\u003c\/p\u003e \u003cp\u003eWhat’s Next? 113\u003c\/p\u003e \u003cp\u003eNotes 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Innovating with Big Data and Open Platforms 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCompeting in a World of Unlimited Data and Storage\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Rise of Platform Services 121\u003c\/p\u003e \u003cp\u003eApplication Programming Interfaces (APIs) for Online and Mobile Commerce 122\u003c\/p\u003e \u003cp\u003eCoping Strategies for Banks 123\u003c\/p\u003e \u003cp\u003ePayPal’s Bold Bet: Unleashing Innovation through an Open Platform 125\u003c\/p\u003e \u003cp\u003eApp Stores for Banks: Will It Work? 133\u003c\/p\u003e \u003cp\u003eWhat’s Next? 139\u003c\/p\u003e \u003cp\u003eNotes 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Math-Based Currencies 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eHow Bitcoin May Prove Transformational to the Financial Services Industry\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEntering the Age of Context 143\u003c\/p\u003e \u003cp\u003eIntro to Math-Based Currencies 146\u003c\/p\u003e \u003cp\u003eWhy “Math-Based Currencies”? 147\u003c\/p\u003e \u003cp\u003eMBCs Are a Reality 147\u003c\/p\u003e \u003cp\u003eHistory of Digital Currencies 148\u003c\/p\u003e \u003cp\u003eMath-Based Currency Characteristics 148\u003c\/p\u003e \u003cp\u003eBitcoin: The First MBC 149\u003c\/p\u003e \u003cp\u003eBitcoin’s Brief History 150\u003c\/p\u003e \u003cp\u003eIs It Bitcoin, bitcoin, or Just BTC 150\u003c\/p\u003e \u003cp\u003eBitcoin Is a Powerful Concept 150\u003c\/p\u003e \u003cp\u003eHow Bitcoin Works 152\u003c\/p\u003e \u003cp\u003eDigging Bitcoin 154\u003c\/p\u003e \u003cp\u003eDigital Push Payments 156\u003c\/p\u003e \u003cp\u003eCounterfeiting No More 156\u003c\/p\u003e \u003cp\u003eMBCs Enable Programmable Money 156\u003c\/p\u003e \u003cp\u003eCompleting the Bitcoin Ecosystem 157\u003c\/p\u003e \u003cp\u003eBitcoin Exchanges 158\u003c\/p\u003e \u003cp\u003eBitcoin Wallets—Where to Store Your BTC 159\u003c\/p\u003e \u003cp\u003eMobile Wallets 159\u003c\/p\u003e \u003cp\u003eCloud-Based Wallets 159\u003c\/p\u003e \u003cp\u003eBitcoin Hardware Wallet 160\u003c\/p\u003e \u003cp\u003eBitcoin Vaults 160\u003c\/p\u003e \u003cp\u003eTrading Platforms 160\u003c\/p\u003e \u003cp\u003eBitcoin Use Cases in Payments 161\u003c\/p\u003e \u003cp\u003eMBCs as Payment Rails 161\u003c\/p\u003e \u003cp\u003eB2B Payments—The Known Counterparty 162\u003c\/p\u003e \u003cp\u003eBitcoin and Consumer Payments 162\u003c\/p\u003e \u003cp\u003eBuy Me a Beer 163\u003c\/p\u003e \u003cp\u003eE-Commerce and MBCs 163\u003c\/p\u003e \u003cp\u003eGetting Harder: Music and Video 164\u003c\/p\u003e \u003cp\u003eChallenges at the POS 164\u003c\/p\u003e \u003cp\u003eImproving Bitcoin Processes 164\u003c\/p\u003e \u003cp\u003eImproving the Bitcoin Protocol 164\u003c\/p\u003e \u003cp\u003eProgramming Bitcoin for a Special Case: Online Micropayments 166\u003c\/p\u003e \u003cp\u003eWallets 167\u003c\/p\u003e \u003cp\u003eRipple: The Second MBC 167\u003c\/p\u003e \u003cp\u003eMBC Use Cases in Banking 168\u003c\/p\u003e \u003cp\u003eInternational Remittance Rails 168\u003c\/p\u003e \u003cp\u003eInterbank Settlement 169\u003c\/p\u003e \u003cp\u003eBuilding Trust with MBCs 170\u003c\/p\u003e \u003cp\u003eAutomating Transaction Policies 171\u003c\/p\u003e \u003cp\u003eMoving Ahead with MBCs 172\u003c\/p\u003e \u003cp\u003eConclusion 174\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe Smart Pipe\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eModels that Will Survive the Next Generation The Prepaid Model 178\u003c\/p\u003e \u003cp\u003ePrepaid Nation: Redefi ning What a Bank Can Be 179\u003c\/p\u003e \u003cp\u003eThe “Underbanked” and Opportunities for Innovation 184\u003c\/p\u003e \u003cp\u003eStockpile: An Example of Brokerage Innovation Through Partnering 185\u003c\/p\u003e \u003cp\u003eMoneyGram: An Example of Innovation through Partnering 186\u003c\/p\u003e \u003cp\u003eInnovative Ways to Expand Access—PayNearMe 189\u003c\/p\u003e \u003cp\u003eHow Innovative Banks Are Partnering for Innovation 190\u003c\/p\u003e \u003cp\u003eThe CEO-CIO Relationship Driving the Innovation of ING DIRECT Canada 190\u003c\/p\u003e \u003cp\u003eA Whole New Era 193\u003c\/p\u003e \u003cp\u003eHow Banks Can Compete in the Future 194\u003c\/p\u003e \u003cp\u003eThree Imperatives to Partner for Innovation 196\u003c\/p\u003e \u003cp\u003eA Venture Capitalist’s Look at the Future of Banking 198\u003c\/p\u003e \u003cp\u003eTechnology as an Enabler and Partner 205\u003c\/p\u003e \u003cp\u003eWhat the Next 50 Years Might Hold 206\u003c\/p\u003e \u003cp\u003eDigital 207\u003c\/p\u003e \u003cp\u003eRelationship Management 207\u003c\/p\u003e \u003cp\u003ePlatform and Identity Friendly 208\u003c\/p\u003e \u003cp\u003eThe Future Bank Bundle: Platform-Relationship-Utility 208\u003c\/p\u003e \u003cp\u003eNotes 209\u003c\/p\u003e \u003cp\u003eAbout the Author 211\u003c\/p\u003e \u003cp\u003eIndex 213\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406914691415,"sku":"9781118742471","price":35.62,"currency_code":"GBP","in_stock":false}],"url":"https:\/\/bookcurl.com\/products\/virtual-banking-a-guide-to-innovation-and-partnering-wiley-finance-9781118742471","provider":"Book Curl","version":"1.0","type":"link"}