Business Success Action Group

"The goal is to enable customers to pay for things by simply tapping a bracelet, key ring or other wearable device on an NFC payment terminal." Fidesmo, a Sweden-based developer of contactless transaction technologies, has entered into a new partnership with Länsförsäkringar Bank that focuses on portable payments. The collaboration revolves around Fidesmo Pay, Fidesmo's portable payment platform, which allows Länsförsäkringar Bank to tokenize payment cards in the form of portable devices that can then be used by Länsförsäkringar customers for contactless payments. The goal is to enable customers to pay for things by simply tapping a bracelet, key ring, or other wearable device on an NFC payment terminal. It is an approach to payments that could find market access in the years to come. Consumer survey data collected by Juniper Research found that nearly half of consumers in the US, UK and Australia would be willing to use a portable device to make a payment, and 94 per

Quontic, a bank headquartered in New York City, describes itself as an "adaptive digital bank". Since CEO Steven Schnall bought the former Golden First Bank in 2009, the The entrepreneur and former mortgage banker designed the bank to reflect his vision. "Part of the thesis when I bought the bank was that the retail bank branches would eventually die out and people, especially consumers, would want to do online banking," he said. Because of this belief, Schnall did not build any new branches after the purchase other than the stationary location he established in Queens Astoria when he relocated the bank's headquarters from Great Neck, New York. The bank, a certified community development financial institution (CDFI), began with an emphasis on unskilled mortgage loans, Schnall said. Steven Schnall, CEO of Quontic Bank Permission granted by Quontic Bank "During the credit crunch, most banks and lenders had severe