SENECA COLLEGE, TORONTO
E-Payment Systems & Banking
As Taught by Prof. Tim Richardson School of Marketing and e-Business, Faculty of Business

SECTION B - DETAILED OUTLINE©
 
 
 

Class 7

Banking WIRELESS PARTNERSHIPS Alliances Mergers Acquisitions WIRELESS PARTNERSHIPS

March 09, 2001 article by  Victoria Berry  "Wireless banking brings partnerships"  Two partners bring Bank of Montreal to market quickly Mark Dickelman, vice-president of m-commerce and wireless for the Bank of Montreal, as quoted by Berry, says he "fully expects wireless banking to surpass the popularity of PC  banking in record time." The full story, at  http://www.ITworldcanada.com/cw/displayArticle.................... explains that Bank of Montreal, which already has a relationship with  Sun Microsystems and 724 Solutions, expanded this relationship for developing wireless banking services. BOM implemented the Sun infrastructure and hardware and 724’s  E10,000 solution in anticipation of customer demands. Dickelman noted "the wireless market may not have boomed yet, but when it does the bank  will have a well-run solution. Veev.com allows the bank’s wireless clients to access all account transactions, re-order cheques, take part in the bank’s brokerage services and do some trading," according to Dickelman.

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Class 7

Banking Trading Stocks

It is hard to talk about banking services in North America in the year 2000, without mentioning the hype and enthusiasm that individual people have gained for taking control of their own investments and new found savings to be active in trading stocks.  www.daytrader.com/links.html All of the Canadian banks are active in facilitating stock trading to some degree. Although it may be disputed, TD's subsidiary TD Waterhouse has taken a leadership role especially with people that have modest amounts of money and want to do some day trading.  www.tdwaterhouse.com/home/about/index.html   . Although the banks are trying to also carve out a niche to provide information about business, with which people can use to trade - other companies in the private sector are being created that focus more directly on stock price information and it is worthwhile to mention some. WTGR One of canada's busiest internet sites is  www.stockhouse.com Vancouver based StockHouse.com provides information to investors by having researchers cull thousands of internet sites looking for tips on company activity, then posting the information on StockHouse. People who use the service find it helpful to see "aggregated" information which they might not have time to find themselves. StockHouse has 130 people and has sites and offices in Canada, United States, Australia, China and the U.K. Stockhouse also acts like a portal by selling advertising to stock market related companies who are attracted to the many hits this site gets each day. An annotated list of books on daytrading  http://www.daytradingonline.com/recreading/RReading.htm