Bank On The Run
The Washington Post reported earlier that three of the nation’s four largest banks are about to launch a system called “ClearXchange” that will let customers transfer money from their checking accounts using only a mobile number or email address.
The three banks include Bank of America, JPMorgan Chase & Co., and Wells Fargo & Co., and they expect to add other financial institutions later as they work to build an industry-wide utility for moving money around.
I’ve been with an Internet-only bank since 1996, so for my money, this is long overdue. Of course, it does beg the question as to how this squares with a service like PayPal.
PayPal being, of course, the e-payments market leader, and which according to this post processed some $27.5 billion (U.S.) in payments in the first quarter.
But enough about money on the move…let’s get Rational for a brief spell.
I mentioned in a prior post that the IBM Innovate software and systems innovation conference is transpiring in Orlando, Florida, June 5-9. That’s just around the corner.
You can still register to attend here, and if you’re not sure if you want to make the trip yet or not, try out the sample agenda builder here, which might just tip the balance and send you on your way.
Our world class Rational social media team will be providing expanded coverage of the event this year. You can follow some of the key social streams (including Twitter, YouTube, and live video coverage via LiveStream) on the IBM Innovate conversations site.‘
This year, folks can also submit questions for panelists directly from our social spaces for the Day 4 keynote expert panel discussion.
And of course, you won’t want to miss “The Guild’s” Felicia Day, who will be Innovate 2011’s special guest emcee.
In a recent interview with our Smarter Planet blog, Felicia provided a big reveal: Her brother worked for IBM and has been to Innovate numerous times!