googles-new-logo adds animation and responsive design

Something new for something old?

We use it everyday and it probably seems like its been here forever. But its actually only 12 years.

I’m talking about the Google logo. Google’s new logo is the first refresh of its corporate logo – apart from its tongue-in cheek topical changes – for twelve years.

The new logo dumps the old serif-based design and is an animated GIF for the first time – is responsive – that means it will adjust for whatever device, such as workstation, laptop, tablet or phone, its being viewed on.

Generally, the Digital Media’s response (no pun intended) has been good, apart from the inevitable “could do better” comments that I guess we all expect.

Anyway, you decide. Is Google’s new logo great or a goof… #googlelogo

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London, 4 June 2015: Smart devices on track to replace cash and cards as UK mobile payments projected to hit over £1.2bn a week by 2020. So says Jeremy Nicholds, Executive Director for Mobile, Visa Europe.

Visa’s latest predictions

Despite many false dawns, UK mobile payments is predicted to grow three-fold over the next five years as savvy shoppers embrace new options and spend more on mobile, with one in four consumers estimated to spend more than £50 a week on mobile by 2020.

British consumers driving the change

Nicholds believes the UK is moving towards a “cash-last” society as one in four Brits expect to use their mobile phone to make payments on a daily basis by 2020, growing from the one in twelve who do so already today. According to new research from Visa Europe, consumer adoption of mobile payments will grow faster than ever in the next five years, with six in ten Britons (60%) expected to use their mobile devices for payments at least once a week by 2020.

The UK mobile payments boom will probably see an upsurge in the weekly value spent using mobile devices, with the market growing to an estimated £1.2bn per week* by 2020. The tech-enabled shopper expects to spend £27 on mobile each week by 2020, up from the £17 they spend today. In fact, nearly 24% respondents think they could spend more than £50 a week using a mobile device by 2020, an estimate sure to raise eyebrows in the payments industry.

While apps and music are still the items are the most popular mobile purchase today, Visa has observed a growing number of consumers already buying higher value items, with electronics (23%) and clothes (22%) among their top-five most purchased m-commerce items.

The expected British embrace of digital payments is a sign of shoppers’ becoming less nervous with mobile payments as the option becomes more widely available, easier to use and better understood. With the increasing publicity around m-commerce options, digital wallets and contactless payments, 43% of shoppers say they may be interested in using a mobile wallet service and nearly half (47%) are interested in using their smartphone to make low-value contactless payments in a shop.

Nicholds added, “While we’re excited to see consumers saying they expect to triple their weekly spend using mobile payments over the next five years, we at Visa think those numbers could be rather conservative and that the actual adoption rate will be much higher. This is particularly true when you look at the growth in contactless usage, which saw European usage grow by 2x and spend grow by 3x over the last 12 months.

Contactless and online commerce enhancements have been key in paving the way for the next generation of mobile payment technology. The environmental conditions are already in place to meet the demands and expectations for digital payments. It’s no longer a question of ‘if’ consumers will embrace this new way to pay – it’s when – and for us the next 12 months are when mobile payments become mainstream.”

People who’re already using mobile devices to make transactions are also open to other mobile money services. The research highlights that these ‘mobile money’ users are five times more likely to be interested in paying friends through a smartphone app compared to non-users (48% vs. 9%). One in five would be open to social media payments too, compared with only one in twenty non-users.

Lack of knowledge – and worries, too

When looking at the main concerns about mobile payments, a third of respondents admitted that they simply didn’t know enough about it. As with other new technologies, this has resulted in apprehension about issues like privacy, fraud and security.

Jeremy Nicholds continued, “We’re witnessing a huge surge in interest from consumers in the UK for faster and more convenient payment methods as mobile and online commerce technologies continue to evolve at pace. This is why Visa Europe spends more than €200 million in on innovation including a number of secure payment technologies such as tokenisation to address security and convenience.

When it comes to money, concerns over control and security are understandable though a simple lack of knowledge is often an underlying cause, and consumers are quick to see the benefits of convenience. We’ve seen this with contactless card adoption – once people learn about the technology, see others using it and get used to paying with it, usage soars.”

Friction at the point of sale

Visa has invested a lot of money in mobile payments, with services like Apple’s ApplePay slowly beginning to get traction. But its the retailers themselves, who’ll have to invest heavily in new Point-of-Sale infrastructure, something they’re currently reluctant to do as consumer interest is still a long way away from critical mass and many moving to online buying anyway.

The problem with mobile payments and a point may industry commentators always make is that its solving a problem that simply doesn’t exist. Cards are easy to use, quick, familiar, have virtually 100% adoption everywhere, are cheap and free to replace. Who’ll buy you a new phone if it breaks or gets stolen?

You’re also far more likely to be mugged for that nice expensive smartphone than a piece of plastic.

But let’s not forget, suppliers like Visa and MasterCard get huge amounts of money from retailers and don’t want to lose out, should mobile payments take off.

And let’s not forget the threat posed by PayPal – but that’s a topic for another day!

About the ‘Mobile Money’ report

The mobile money research was conducted between 30 April and 20 May 2015 in six European countries: Finland, France, Germany, Poland, Spain and the UK. The total sample size was 12,015 consumers, approximately 2,000 respondents per country.

For more information, visit www.visaeurope.com and @VisaEuropeNews

[*] Figure calculated from ONS Population Estimates for UK, England and Wales, Scotland and Northern Ireland, Mid-2013 release and research figures from Visa Europe’s Mobile Money report.

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Could London overtake Silicon Valley as Crypto-currency’s centre of excellence?

Well, Visa thinks so. it hosted a gathering of crypto-currency start-ups and other interested parties to its Digital Catapult event in London recently.

Visa’s not alone in thinking this. An expert from the London School of Economics (LSE), one of the most respected financial academic centres in the world believes it too. They even put a date on it – 2020.

Crypto-currency set to explode?

Investment in crypto-currency start-ups in 2015 could even beat the dotcom frenzy of a few years ago.

A technology called Blockchain has the potential to transform the future of payments in the banking sector – it may even transform way we cast and count our votes in the 2020 General Election.

Financial observers have been waiting for the next big thing for a while now. Mobile payments has failed to catch the imagination of consumers, despite the presence of heavyweights like Google with Google Wallet and Apple with ApplePay, its not seeing the level of growth that the hype suggested. Maybe crypto-currency will.

Visa meets the future

Visa’s Europe Collab launch start-up innovation hubs in London and Israel are there to spot and engage with Europe’s top financial technology entrepreneurs, as the UK is now Europe’s fastest growing region for fintech with over 135,000 employees. Deal-volume, mostly out of London, has been growing at an annualized rate of around 74% since 2008, compared with 27% globally, and 13% in Silicon Valley, according to Accenture.

Speakers at Visa’s London event included leading monetary academic Garrick Hileman from the LSE, Hendrik Kleinsmiede of Visa Europe Collab one of Europe’s crypto-currency and Blockchain gurus in the financial services sector and Nicolas Cary, co-founder of Blockchain, one of the world’s best known BitCoin wallet company.

According to Garrick Hileman of the LSE, “BitCoin is in a battle with more than 600 crypto-currencies. The governance structure in Europe and the US surrounding BitCoin may be an inhibitor to expansion for crypto-currencies whilst it may flourish in fertile territories like Sub Saharan Africa with over 50% of BitCoin mining being provided by China.”

The UK is leading the way

Sian Jones of COINsult feels “The UK is the only jurisdiction that is coming out with a holistic approach to digital currencies regulation.”

While according to Hendrik Kleinsmiede of Visa Europe Collab, “The level of investment in crypto-currencies is at an unprecedented high – to date over $667million. If you compare 2014 to 1995 at the beginning of the dotcom boom, there’s now more money being invested in crypto-currency than there was in dotcom.”

Will the Banks jump in?

Nick Cary of Blockchain noted “Banks are being exceedingly cautious but by summer there should be new policies in place to make it easier for BitCoin companies to operate in Europe and the US.

The US is seeking a compliance pathway for Bitcoin start-ups, with New York setting the future as the model for regulation of Bitcoin “banks.”

Great news, but let’s not forget what became of the dotcom boom…

#MoveOverSiliconValley

visa

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an interesting infographic on flexible working...

According to the Office of National Statistics & Forbes – 2.8 million of the UK population now work from home regularly, alongside 1 in 5 Americans. This makes it’s one of the fastest growing workplace trends.

The problem can sometimes be convincing your boss its right for the company – and you.

The team at London & Zurich have published an interactive guide on how office-workers can convince their boss to let them work from home, remotely in their dream location, or adopt a flexible working scheme. It features 26 articles, videos & apps on how to make sure you still get things done, all wrapped up in one, very cool infographic. Check it out here.

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FSA is no authority for bank regulation - its a waste of resources... Lloyds Banking Group is the latest shady bank to receive a slap on the wrist from the FCA. In fact, the $45 Million fine meted out for gross financial mis-selling is the biggest to date. But it won’t change things one little bit. Why do I say this?

how not to deal with customers by HSBC!

Spotted a very surprising Tweet a few days ago from prominent banking futurist and founder of Moven.com, Brett King.

He’s been caught up in a gross administrative blunder by HSBC in New York when they closed his account as part of a small business account rationalisation process.

Apparently, HSBC in the US are shifting their retail strategy away from smaller businesses and removing banking facilities from well maintained, perfectly viable customers. A bit like RBS in the UK, but without the criminal intent.

While that’s certainly a regrettable action by anyone’s standards, it wasn’t what Mr King took issue with. It was the failure to engage with the customer properly, turning a mistake into little short of a PR catastrophe.

Organic Hospitality goes to Crowdcube to fund expansion Specialist marketing agency Organic Hospitality is using crowdfunding to raise capital for expansion.

Graeme Kerr, the Glasgow entrepreneur behind Organic Hospitality, is using Crowdcube, the commpany chosen by TV’s Kevin “Grand Designs” McLeod recent £2 Million pound investment plans.

Graeme is looking for £150,000 to grow Organic Hospitality as a specialist marketing agency for the exclusive four and five star boutique hotel and tourism market in the UK and abroad. His company already lists prestigious hotels such as Mar Hall and Sherbrooke Castle as clients and undertook a large branding and web design project for St Andrews last year.

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zen strategy - the new direction for LANZen! You know, looking back I guess we’ve all come a long way over the last decade. Few could have imagined the rise of the Internet-driven business.

The dot-com bubble didn’t slow the launch of new devices and faster connectivity. Most of my work was in infrastructure design – data centres and desktops. Corporates saw the Internet as something to be tightly controlled and restricted – filtered out of existence. Barclays had 256Mb in 2003. In total.

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welcome to zen strategy

How dare I question. What right do I have. If I know so much, I should start a bank! What had I done – collapsed the economy, started a bank run or something?

No. This stream of vitriol was for suggesting, “maybe people like bank branches.”

Earlier that day, MovenBank’s Brett King gave me his view about bank branches, having read my piece about the psychology of financial services buying.

We hadn’t agreed, but valuing his view, I printed it. People should have both sides. But by arguing, I’d upset someone. And the smelly stuff hit the proverbial…

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Autumn 2011 has been a really interesting time for banking. I mean new banking, not that tired old high street of ours.

MovenBank’s appeared, Zopa’s broken more records, Wonga’s won more awards and a new social P2P player’s launching, CivilisedMoney.

It generated quite a lot of Twitter traffic with people on digital banking’s front-line, like banking innovators, Darren G and Aden Davies. And raised one key question.

Online or on high street – can a click ever replace a footstep?

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Here’s a question for you. Imagine all four banks merging. What would we lose? OK – so they wouldn’t share one trough – and no one makes one that big. four brands - yet nothing to choose between any of them. Are we being served?

If our high street merged, what would you take from each to form one super bank? I’ll leave you for a minute to have a think about that one.

For all banking’s “talent” and money, why so little to choose between each one? Why can’t we find a killer product or even one differentiator?

How can this be – in other sectors key differences exist. Why not in banking?

A writer who I follow was bemoaning the lack of change in banking the other day. Now the point was perfectly valid – until he took a pop at P2P lending. True disruption. the effect may be massive but the true percentages are surprisingly low! As I follow social banking – and as one of its great supporters, I had to disagree. But it raised an interesting question. How do we measure disruption?

The writer in question was James Gardner, who’s the general manager of Spigot, the leading business process software vendor in the innovation space.

In theory, he should know. But then he suggested that it could be “nearly 100%”. That sure had a disrupting effect on me – because that’s plain silly…

I worry about web design. We’ve always catered for the lowest available platform. Designing for people who don’t know, or just don’t care about the Web. beautiful themes like Shelf from YooTheme push the boundaries of what's possible. Should all sites be this good?

I mean, there are some great web browsers – and they’re all free, for Pete’s sake. Gaming calls for the latest technology. People happily buy that, don’t they?

But for some reason, we have to placate the stupid and design sites like its 1999. Web designers are told that they must maintain full compatibility with everything. Not just for browsers maybe a version behind, but stuff from another age.

Well, I think it’s time we ask the question. Should we push or just follow?

Business as usual for the global auditors. Its just like there was no banking crash. Pricewaterhouse Coopers – PwC – has just published its results. What did you do last year - before you audited my bank? Three things jump off the page to me. And each mind-numbing fact reminds me just how stupid banks and enterprises really are.

Firstly, PwC two main businesses turned over £900 Million and £650 Million each. The next is that UK Chairman Ian Powell will net a bonus of £3.7 Million.

And thirdly, they took on 1,200 graduates – average age 24 – to work with clients. Congratulations. That waste-of-space intern is now costing you £2,500 a day…

Ever stopped for a moment to consider exactly what is banking really all about? Could a lawn mower be the key to change?Could  a mower teach our failing banks a valuable lesson? Not any old lawn mower. But Bosch lawn mowers – and how they came about. Because this is about re-invention at a very dark time. A time not unlike now.

About how a company faced with a collapsing market found the vision to change. Emerging stronger and able to cope with an even greater challenge to follow.

Once upon a time, we thought US financial policy was decided democratically. That concept was blown away like a dollar bill in Hurricane Katrina. How Standard & Poor really decided US financial policy

The US government in reality is no more than some crude Punch & Judy show, the strings being pulled by a financial Mafia run by Wall Street and its lobbyists. Everything neatly stage-managed by a company called Standard & Poor.

Standard & Poor was perceived as the US financial world’s steadying influence. The trusted hand deciding the efficacy of decisions taken on Wall Street.

The banking crash revealed a startling fallibility – but was that the real story?

They must have made us buy millions of wallets. I’m talking about plastic cards. They became an obsession – even something we collected. What's in your wallet - a lot less plastic, these days... Colourful, pictorial, themed, silver, gold, platinum, even black. We had them all. Pushed by banks and card companies desperate to part us from whatever cash the Government hadn’t taxed us on, we let them cause our own credit crunch.

But finally, the tide is turning. Its not just consumers who are abandoning them. The banks can’t wait to get rid of their dried up cash-cow too.

The inner groans from social psychologists must have been deafening recently. Politicians calling for a messaging platform ban during unrest – really? The politicians don't like people talking when it can't be controlled, do they? A typical reaction, of course. Look for something to blame. A technical scapegoat. But wait, there’s another network that gets people together. Public Transport. Maybe we should we ban that too?

No, of course not. transport is a central part of our social infrastructure, neutral. But no question. Social media was at the heart of the riots. So, is it really evil?

This is one of those flights of wonder moments. An idea that came out of the blue. What I’d like you to think about is – what places us apart from other animals? Why doing something for no reason defines us as real people... Sounds easy at first. Is it our use of tools, how smart we are – even our reasoning. But those aren’t definitions, they’re just more shades of the same colours.

Every animal will have those qualities to some extent, some smarter than others. Just what is it we have that animals really don’t – and what should we value?

Just think about it – It might just make you look at people differently…

OK, OK. I wouldn’t have put this on here but it’s Jen Aniston and its the weekend. Anyway. You don’t want to hear from me. Here you go…

Well. Not a whole lot for me to say after that, is there. Have a great weekend!

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