Dave Birch, Director of Consult Hyperion
Operating and developing a thriving business that relies on emerging technologies – particularly technologies around digital money and digital identity – is a huge challenge. While change is a given in the business world generally, in this area of technology, it is happening at warp speed. However, this is not an area of business technology that you can afford to get wrong. Teething problems may be accepted in other areas of emerging technology but there are no second chances when it comes to safeguarding the security and integrity of digital transactions in the payments and identity arenas. No surprise then that businesses relying on these emerging technologies are looking to specialist thought and technology leaders such as Consult Hyperion – visionary experts who see both the now and the future – and who can inform the market and help businesses find their way through the jungle of possibilities.
David G.W. Birch is an internationally-recognised thought leader in digital money and digital identity. in 2013, he was named one of WIRED magazine’s global top 15 favourite sources of news from the world of business and finance and was ranked the no.1 influencer in European emerging payments by Total Payments magazine.
Dave is a Director of Consult Hyperion, the technical and strategic consultancy that specialises in electronic transactions, where heepitomises Consult Hyperion’s visionary approach to finding practical solutions to challenges and opportunities presented by new technologies. With Consult Hyperion, he provides specialist consultancy support to clients around the world, including all of the leading payment brands, major telecommunications providers, government bodies and international organisations including the OECD. Before helping to found Consult Hyperion in 1986, Dave spent several years working as a consultant in Europe, the Far East and North America.
Described at the Oxford Internet Institute as “one of Britain’s most acute observers of the internet and social networks”, in The Telegraph as “one of the world’s leading experts on digital money”, in The Independent as a “grade-A geek”, by the Centre for the Study of Financial Innovation as “one of the most user-friendly of the UK’s uber-techies” and in Financial World as “mad”, Dave is well-known for his thought leadership blogging, podcasts and events for Consult Hyperion’s Tomorrow’s Transactions series and makes for compelling reading or listening when it comes to any debate or research around digital identity and digital money.
He has lectured to MBA level on the impact of new information and communications technologies and contributed to publications ranging from the Parliamentary IT Review to Prospect. He wrote a column for the Guardian for many years. He is a media commentator on electronic business issues, a published author and regularly appears on BBC television and radio, Sky and other channels around the world. In recent months, Dave has been asked to give expert media comment on Bitcoin and recently guest blogged on this subject for the FT.
Dave thinks that 2014 is set to be an exciting year for digital transaction technologies. Consult Hyperion has identified five key trends to watch:
Host Card Emulation allows any app on any NFC-enabled Android 4.4 device – phone, tablet or any other device running Android 4.4 – to emulate a contactless smart card, letting users tap to initiate transactions with an app of their choice without needing a provisioned secure element (SE) in the device. Apps can also use a new Reader Mode to act as readers for HCE cards and other NFC-based transactions. The device effectively becomes a contactless card that you can use to make purchases, display tickets and vouchers and present ID.
“By removing the decision about whether a hardware Secure Element is placed on the SIM or the handset, HCE makes irrelevant the commercial negotiations previously needed for NFC to succeed,” says Birch. “Now there’s nothing to stop it taking off as a convenience rather than a security mechanism.”
Tokenisation replaces the card PAN with one time use numbers that are valid for a short time only. These can be transmitted like regular PANs across existing bank networks but their short life span means that they pose little risk for security breaches. They aren’t a new idea but now that they can be generated by mobile apps, customer usability issues are no longer a problem. The same principle could even be applied to other types of information, for example digital identities.
“One day soon, my Waitrose app will obtain tokens from my V.Me wallet, my MasterPass wallet, my PingIt app, my Zapp app and any other wallets it can find on my phone through a standard discovery process and standard API. Then when I check out at Waitrose, my app will pop up and take care of business,” predicts Birch.
Higher assurance federated identity models, such as IDAP, the UK government’s identity assurance programme, NSTIC, the US’s National Strategy for Trusted Identities in Cyberspace, and Assure UK (the new name for the OIX/GSMA initiative) all allow consumers to gain higher assurance identities to provide more convenient access to higher value services, for which social logon (e.g. Facebook Connect) is not good enough.
“2014 will be the crunch time for IDAP,” says Birch. “The service is just going through the technical launch now and the Cabinet Office will be looking to onboard the first services and consumers during the year.”
While cost saving is the driver for the government, these programmes will also provide value to consumers and service providers: better ways to access more services, better engagement with the consumer in ways that the consumer will want.
“Fundamentally, identity is a key enabler for the internet. Good identity promises to make consumers’ online experience more engaging and more rewarding. Let’s hope we can deliver,” Birch says.
While consumers appeared hesitant about mobile wallets during 2013, 2014 could see them really take off, reinforced by technologies such as tokenisation, digital identity and HCE. To be successful however, they must do things that leather wallets can’t. That means more than just storing apps. “For us, the wallet is something that lies under and inside a variety of apps, providing them with services such as identity,” says Birch. “We like to call this the hyper-wallet.” On top of that, wallet issuers need to do a better job of identifying the benefits they bring to users. The way to do that is to start by identifying the main pain points i.e. where wallets can help consumers or the needs it fulfils. That’s a marketing fundamental – identify the need. Barclays’ PingIt has already done that with person to person payments. Easy online payments from the phone might be another area as might be managing electronic receipts.
If wallets are intended to make shopping more rewarding for consumers, it’s MPOS that carries out the same function for retailers. Not just conventional POS devices that have been untethered but mobile phones and tablets with added card interfaces, MPOS devices run apps and communicate with consumer mobile devices. 2013 saw their spread into small retailers who were unable or unwilling to obtain regular acquiring relationships with banks. 2014 will see them become more prevalent in retailers of all sizes, reducing the need to queue to pay and accentuating customer relationships over payments. The more consumers want to pay by phone, the less they will want to queue to hand over old fashioned payment cards at the point of sale.
These trends and others will form the basis of Consult Hyperion’s thought leadership events in 2014, its Tomorrow’s Transactions Forum, which takes place on 19th-20th March at One America Square in London and its Tomorrow’s Transactions Unconference series, the first of which will take place in London on February 10th. For further information, please visithttp://www.chyp.com/tomorrows-transactions/forum-2014 and http://www.chyp.com/what-we-do/unconferences
Motivate Your Management Team
A management team, typically a group of people at the top level of management in an organization, is a team of people in the top level of managerial leadership of a business or an organization. It may consist of one person at the top level or more than one person at the top level. In this article, we are going to talk about what it takes to become a successful manager of a company and the different types of managers that can be found.
Team members will usually work in teams of two or three people. They will work together to accomplish a specific goal that the organization has set for them. These goals and the ways to reach them vary. Sometimes a management team will work in teams to achieve the same goal but in different ways. Sometimes they will work in teams to solve a particular problem.
When a team begins working, they will usually meet for the first time at their office building or another place where they will gather. They will be given a specific mission statement that they will be working towards. There will usually be meetings on a regular basis so that the team can discuss what they have done so far. If there is anything that needs to be worked out, this meeting will occur to ensure that all questions have been answered.
When it comes to meeting deadlines, there are often things that the team members will need to do in order to meet their deadline. They will have to come up with the proper solutions. Once they have done this, the next thing that needs to be done is to ensure that the other members of the team are aware of what the solution is.
Sometimes, the team members will meet at different times. This is very common for people who will have different duties and who are not always available at the same time. They can meet at random times but it is very rare for there to be meetings that occur during the night. Sometimes these meetings are held after lunch and sometimes they happen after dinner.
When the team members meet, they will need to be organized. They will need to take all of the necessary items and papers to the meeting and not leave any behind. The meeting will begin with a presentation that will be made by the team leaders that will describe what they have done so far.
After this presentation, the team members will then have to sit down with the other team members to discuss what they have discussed. This is often a very productive way to get everyone talking about what they have accomplished so far.
To be a good manager, you must be able to organize yourself and your team. This is also necessary in order for you to be able to motivate your team.
One of the ways that you can motivate your team members is by encouraging them to get things done that they want to do. By doing this, they will be able to get excited about what they are working on. The excitement that they will feel will motivate them to work even harder and to complete the task as soon as possible.
Another way that you can motivate your team members is to give them rewards. In this case, they will know that there is something for doing a great job. They will know that if they have good performance, there will be a reward for their hard work.
It is also important for you to provide support to your team members. by helping them find jobs and making sure that they are able to find employment. This will encourage them to be self-motivated and to perform better on their jobs.
When you provide support to your team members, they will feel valued and respected. This will allow them to feel as though they have an employer who is willing to put in a lot of effort in order to help them get what they want out of their jobs.
The Income Approach Vs Real Estate Valuation
The Income approach is only one of three main classifications of methodologies, commonly referred to as valuation approaches. It’s particularly popular in commercial real estate valuation and other business valuation. The key difference between the three methods is that the Income Approach relies on the idea of income as a measurement rather than an absolute number.
As with all three different types of valuation methods, the underlying assumption is that price is determined by cash flows. This means that in order to determine the value of a particular asset or business, there must be an exact amount of money spent. When an individual or firm makes a purchase, they will pay money for the product and they will make payments for the privilege of continuing to use that product over time. These payments are called “cash flows.”
Real estate appraisals are based on this simple concept. There are many realtors who work at the level of measuring the net worth of a home or building by considering the current mortgage and interest owed on that loan. The appraiser uses these numbers as the basis of his or her opinion about the fair market value of the property.
On the other hand, when the method you choose is the income approach, the appraiser focuses instead on the income earned by a person or entity. This can be based on both sales volume and earnings of each employee. A company may use the income approach to calculate the value of its inventory and accounts receivable based on the income earned by the company or group of employees.
The basic concept behind the approach is that cash flows should be considered as the basis for making decisions about what kind of business or service is right for a person or group. These cash flows include the income earned by employees, purchases made by the company, and the sales volume of goods or services produced by the company. The income model is often used to value homes, businesses, real estate, and other valuable assets. in order to determine their fair market value.
The primary difference between the realtors’ method of valuing the home and that of the income approach is that the former considers only one way that the value is going to change in value over time. While realtors look at the home’s market value to determine if they can sell it and the approach works out the value of the home by using the current sales price plus the future sales price plus some percentage of the gross value of the home, the income approach values the property only by the amount of money paid out over time. on monthly or annual payments. The difference in the two approaches is that the realtors use the gross value of the home as their basis and the approach uses the net cash payments.
Because of this difference in the valuing models, some people prefer the income approach over the realtors’ approach. Because realtors’ models involve an element of forecasting, they aren’t as helpful in determining the fair market value of a property, and they are not very useful in making long-term financial plans. On the other hand, the income approach can be very helpful in helping you decide if your home or business is worth buying.
While tax benefit of the income approach can also play a part in determining its value, it will not be nearly as large as the tax benefit of the realtors’ approach. In addition to providing tax benefits, the approach allows the person or organization to buy a home or business that is under-priced because it may increase their tax benefit. in the long run. Because this is not the primary reason that most realtors use the approach to value properties, it is not as well known as the realtors’ method, but it can be very useful for some people who don’t want to invest a large amount of time in planning their future, so they may want to consider it.
How To Create A Leadership Philosophy
A leadership philosophy describes an individual’s values, beliefs and principles that they use to guide a business or organization. Your leadership philosophy can be based on your personal traits and beliefs or it can be based on what you believe is best for the organization you work with. In order to improve your management style and leadership style, you need to understand your leadership philosophies. It can either help or hinder you.
Your personal philosophy, or personality, is largely influenced by your personal beliefs and character. It helps guide you and keeps you on track. If your personal philosophy supports the goals and mission of the organization, it will motivate you to pursue those goals. If it doesn’t, it can hinder you from achieving your goal. Your personal philosophy can be as varied as your own personality and beliefs.
A good leadership philosophy can be created through the development of personal values, goals and dreams. Through this process you will discover that some personal values are important and others aren’t. You can make the difference and decide which ones are more important than others. Once you have a firm foundation established, you can move on to finding a way to achieve your objectives.
Personal philosophies need to be examined in terms of their relevance to the organization’s mission. Your leadership philosophy needs to be based on whether the organization or the leader wants to help people or just help themselves. If it is the former, then your personal philosophy should focus on providing the resources needed to make it happen. If it is the latter, then your personal philosophy should focus on helping those who need it most.
Another part of your personal philosophy should look at the individual needs of the organization. If the organization is looking to help the underprivileged, your leadership philosophy should be focused on assisting them in getting a better education so they can get a better job and earn more money. This is a prime example of a personal philosophy that would not benefit the organization in any manner.
Leadership is a process, not a person. Leaders need to be willing to change and adapt in order to get the job done right. Leaders should always try to learn from the past mistakes and try to improve on the mistakes that they made. have made and this is not possible if a leadership philosophy doesn’t allow them to grow and change as individuals in the organization.
Your personal philosophy should be aligned with the values of the organization in which you are working with. You need to create a vision that your organization has. Your vision can be anything from the improvement of the organization to the success of the employees. Your vision can be a company motto, mission statement or a corporate image.
Leadership isn’t about being the leader of all or nothing. It is about bringing in the right people to make the organization the best it can be and growing it over time. There are a lot of people who are qualified to lead an organization but don’t get the opportunity because they don’t have the right leadership philosophy. The more qualified individuals you can hire, the higher your chances of success and the better results you will see.
The best leaders aren’t the ones who walk into the building and are the leader but are the one who goes out of their way to show the organization how they feel. They do something that no one else in the room is doing. They give their time and effort in order to make their organizational goals come true. They work hard and are willing to do the work, but not do it for others, they do it for themselves and they don’t let anyone else take advantage of them.
Creating a leadership philosophy can be a good idea to help you in building your leadership team. When you create a good leadership philosophy, it creates a level of respect and integrity within the organization.
Developing a personal philosophy can be very beneficial to an organization. It can be the thing that gives your organization a sense of self worth.
Motivate Your Management Team
A management team, typically a group of people at the top level of management in an organization, is a team...
The Income Approach Vs Real Estate Valuation
The Income approach is only one of three main classifications of methodologies, commonly referred to as valuation approaches. It’s particularly...
How To Create A Leadership Philosophy
A leadership philosophy describes an individual’s values, beliefs and principles that they use to guide a business or organization. Your...
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