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Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

Bank of Innovation: What would it look like to you? Part II

July 24, 2011

Analysis of:A New Bank and Bank Model: A Bank of Innovation: What would it look like to you? | by.optimost.com

Continuing from my prior post of the future of banking and bank innovation...P2P lending may be the next big thing in banking; however, the business model and platform introduced by Zopa and Prosper, even though copied by more than forty companies around the world, (http://www.glgroup.com/News/The-P2P-Lending-Landscape-51458.html) is not workable for banks in its current form.    

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

A New Bank and Bank Model: A Bank of Innovation: What would it look like to you?

July 22, 2011

Analysis of:A New Bank and Bank Model: A Bank of Innovation: What would it look like to you? | www.gplus.com

The bank of the future looks like no bank at all. A convergence of emerging technologies, as follows, will enable a future form of bank that will be a bank in name and regulation only. The bank of the future looks like no bank at all. A convergence of emerging technologies, as follows, will enable a future form of bank that will be a bank in name and regulation only:

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

2011 Startup WingCash – The Next Generation of Money?

January 1, 2011

Analysis of:New Digital Currency: Send Coins and Bills on the Internet without Fees | wingcash.com

ProPay Founder, Bradley Wilkes started the WingCash beta in South Carolina December 21, 2010. WingCash is a Salt Lake City, UT based payment technology startup described as “a simple way to send and receive cash on the internet”. WingCash offers merchants a means of accepting electronic currency without risk of charge-backs or interchange costs. Unlike checks and ACH, WingCash is irrevocable.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

The P2P Lending Landscape

November 11, 2010

Analysis of:P2P Lending Service Aqush Raises Capital from VC Fund 500 Startup | www.wiseclerk.com

In January 2010 Gartner predicted lending volume of 5 billion US$ would be achieved by P2P Lenders in 2013 and recommended that banks begin seeking to enter the space through partnerships with existing P2P lending companies. Leading venture capitalists have invested hundreds of millions in various P2P lending models and investment even through the recent recession continues. Japanese start-up Aqush is the latest to be funded and more are on the horizon.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

Amazon's Core Book Business is Vulnerable to iBook, iPad, iTunes Bundle

July 27, 2010

Analysis of:Tablet Wars: Amazon vs. Apple | www.fool.com

The article indicates that digital book sales are overtaking paper. The adoption of digital books represents an opportunity for Apple and a significant threat to Amazon. Today Amazon has the largest selection of books but digital inventory management, shipping etc. is cheap. The iBook has prime real estate on the iPad and the fastest most convenient digital check-out process. iPad's come with iBooks preinstalled. If customers find what they want they won't buy from Amazon.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

Sea Change for Western Union with Hikmet Ersek at the Helm?

June 28, 2010

Analysis of:Western Union to streamline its management structure, cut 175 jobs | denver.bizjournals.com

Three years ago I was alone in expressing concerns about Western Union. Since then WU has lost more than 1/3rd of its value. Recently Hikmet, WU's incoming CEO cleaned the slate, purging the old guard at WU. This may be setting the stage for the type of drastic change needed to revive innovation at this venerable old company. Hikmet has made a bold opening move - now what?

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

Is Kindle a Miss for Target?

June 4, 2010

Analysis of:Amazon Misses Its Target | www.fool.com

The article suggests Target is late to the party with Amazon's Kindle distribution agreement. While extra distribution may help Amazon short-term the article suggests it may be at Target's expense; also, the article suggests consumers may wonder why Target is stocking older Kindles instead of iPad's or one of the many new lower cost eReaders by Sony et al.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

iPad the Kindle Killer - Undermines Amazon and Opens New Markets for Apple

June 1, 2010

Analysis of:Apple strikes again: Lines form for the new iPad | finance.yahoo.com

The iPad could kill Kindle and undermine Amazon ebook sales. Apple poses longterm threats to Amazon's core business with iTunes, App Store, iBook Store and potential Apple payment technology innovations already in development. Apple is well positioned to profit from payment technology innovations, digital advertising and an expansion of online "stores" and marketplaces embedded in an expanding web of apps and devices.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

Facebook Is This A Face You Would Trust With Your Money?

May 26, 2010

Analysis of:Payvment raises $1.5 million to build shopping experiences on Facebook | social.venturebeat.com

An adage.com article speculates that a commercial Facebook market place or "shopping mall" could challenge Amazon and eBay or even incubate a new digital currency. A recent Payvment announcement indicates Facebook is making moves to become more involved in the financial life of their users but through partnerships not direct digital commerce plays.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

MasterCard Answers PayPal X with Open API

May 25, 2010

Analysis of:MasterCard Wants Programmers to Use Its Payment Technology | bits.blogs.nytimes.com

Last week my comments that Visa and/or MasterCard needed a competitive response to PayPal X proved to presage an article published in the New York Times retweeted to me by MasterCard this morning.

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