Raymond

434 Flips | 7 Magazines | 1 Like | 5 Following | 137 Followers | @hsiangweihsu | Keep up with Raymond on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Raymond”

iOS 8 can scan credit cards using the iPhone’s camera

Buying stuff on your iPhone(s appl) is about to become easier: Apple has added a feature to Safari in iOS 8 that uses the iPhone’s camera and optical …

Should you have a right to sell your ebooks and digital music?

People can be surprised to discover that they don’t actually own the digital books and songs they buy, but that they instead rent them from large …

Cash Beats Debit, Credit, Checks and Mobile as Payment Choice

Despite all of the talk about credit cards, debit cards and mobile payments, cash still dominates many forms of payments. In fact, any talk about a …

Apple's Mobile Payment Strategy Is Taking Shape

If you blinked during Apple's big WWDC keynote event on Monday, you might have missed the part that hinted at the company's mobile payments …

Square's cash advance: Don't call it a loan

Square got its start by helping small businesses process credit card payments. Now the mobile payments platform is aiming to help small businesses grow by giving them an alternative to traditional loans.<p>On Wednesday, the company announced Square Capital. The new service will provide small …

Mobile phone payments system to be launched by banking industry

<b>The banking industry's new mobile phone payments system will be launched later this year.</b><p>The system will be called called Paym - pronounced Pay Em.<p>It will make it easier for people to transfer money to other bank accounts using mobile phone apps.<p>The key feature is that once users have registered …

Maxwell House coffee just got 10% more expensive

Kraft Foods just raised the price of Maxwell House and another coffee brand, Yuban, by about 10%, the company told The Wall Street Journal (paywall).<p>Drought in the world’s biggest supplier, Brazil, has pushed the price of futures in Arabica beans up more than 50% this year. Last week, the owner of …

Coffee

Get More Than Coffee From Your Interns This Summer - Here's How

Steve Benson, Founder and CEO of Bay Area Badger Maps, intends to hire so many interns this summer that he will effectively double the size of his startup. According to Steve, <i>“Startups are, by their nature, a great place for interns, because there are more essential things that must get done than</i> …

Can This Be Good? China Looks To Build Out Risky Derivatives Market

The asset backed securities that sunk the U.S. economy, namely the complicated financial products known as mortgage backed securities, is a market China wants to consider opening up to…Americans.<p>Well, not just Americans, but any multinational investment bank with a penchant for the asset backed …

Managers: 7 Tips For Laying Off Employees Due To Downsizing

Ask any manager and they’ll probably tell you that one of the most difficult things they’ve ever had to do was let an employee go due to company downsizing. This is an especially tough situation because these could be loyal and productive employees who have done nothing wrong; there may be no …

3 Myths That Kill Strategic Planning

In its simplest form, strategic thinking is about deciding on which opportunities to focus your time, people, and money, and which opportunities to starve. One of history’s greatest strategic thinkers, Napoleon Bonaparte summed it up this way: “In order to concentrate superior strength in one …

Square to replace its digital wallet app with one that lets you order dinner

Square pulled its Wallet app from the App Store Monday in order to make way for something new: Square Order. With Wallet, you could check in to a restaurant and pay your bill using just your name. With Order, you can still pay, except now you can select your artisan grilled cheese while en route to …

The New Paradigm for Banks

Why are U.S. banks having a harder time making money? It's a question that extends well beyond business models, operating environments and market …

Why US companies can earn $51 billion in the Cayman Islands even though its GDP is only $3 billion

The foreign subsidiaries of US corporations made $94 billion in Bermuda in 2010, the latest year we have data for. That’s incredible work, since only $6 billion of goods and services were produced on the island that year. What does that tell us? It tells us that something fishy is going on.<p>This …

Finance

Square Banks on Cash Advances for Small Businesses

Among the various ways that a small business can get access to funds, the cash advance—borrowing against money which a company hasn’t yet made, then …

Small Business

Mobile bank payments in China surge 255%, report says

You don't need to look at Alibaba, JingDong, or WeChat's mobile payment service to tell you about China's burgeoning online payments.<p>Mobile payments in the country surged 255 percent year-over-year in the first quarter to 3.89 trillion Chinese yuan ($623 billion). This is based on a report from the …

Mobile Payments

Too stressed to bail: America's big banks are failing basic health tests

You think <i>you’re</i> feeling stressed?<p>Just ask Brian Moynihan, CEO of Bank of America, his views of the topic of “stress”, and stand back. Bank of America flunked the Federal Reserve's test of bank health, called a stress test. Each year the Fed asks the country’s 30 largest financial institutions to …

'Too Big to Fail' Banks Aren't Too Big to Jail

NEW YORK (TheStreet) -- Look out banks, U.S. Attorney General Eric Holder is watching you very carefully.<p>The U.S Justice Department, currently …

U.S. Justice Department

Banks in UK face having to file two sets of accounts

LONDON (Reuters) - Banks in Britain may have to publish two sets of accounts, one for shareholders, the other showing how they comply with rules from their supervisors, a top UK regulator said on Wednesday.<p>A worker looks at his phone at the Canary Wharf business district in London February 26, …

Gold is likely to fall further before it rallies

CHAPEL HILL, N.C. (MarketWatch) — Gold’s outlook is no better today than it was a month ago, when I said it still had further to fall before mounting …

Stock Markets

Regulators line up to crack down on bitcoin

It’s not so much a question of whether bitcoin and other virtual currencies should be regulated.<p>Rather, it’s more a question of which government …

Cryptocurrency

The trading units that once generated massive profits for banks are being brought down to earth

Once they swaggered, but now they’ve shriveled.<p>Fixed-income, currencies, and commodities trading units (FICC) generated $144 billion in revenue for the top 10 banks in 2009. Last year, that figure was $80 billion, down 44% from the peak, according to a recent research report by Credit Suisse …

Credit Suisse

Michael Lewis’s villains are just brainiac connivers

Not long after US subprime mortgage collateralized debt obligations ravaged the global economy, some of Wall Street’s most brilliant financial minds embraced another numbingly complex system that spit out billions of dollars in profits while serving no productive purpose. It was called …

High-Frequency Trading

What you need to know about the rule designed to prevent the next global banking collapse

Newly cast leverage ratio rules adopted by US regulators yesterday are set to make it more difficult for the biggest US banks to go back to their old pre-crisis borrowing ways. The measure centers on something known as a supplementary leverage ratio. In basic terms, a leverage ratio is the amount …

Bank of America

Marketing & Sales

May 2018 – With customer expectations rising and new technologies emerging, constant renewal of customer transformations can never be over.<p>May 2018 – …

Startup Financial Services Companies Come Of Age

With one eye on businesses abandoned in the wake of the financial crisis and the other on a new generation of investors, startup companies are now raising significant sums to challenge the hegemony of big banks and investment firms.<p>Since the beginning of 2013, venture investors committed over $800 …

Disruption? You better bank on it

Hands up if you hate your bank.<p>The chances are, if you’re under the age of 30, you’ll have one arm in the air right now. A recent survey from <b>Scratch</b>, …

Goldman Sachs: Bitcoin Is Not A Currency

Goldman Sachs thinks that Bitcoin believers need to take a cold shower, drink some coffee, and sober up.<p>In the wake of Mt. Gox’s collapse, the supposed outing of Bitcoin’s creator, and some high-profile arrests, the financial services firm has put together an exhaustive survey of “Bitcoin” and …