Friday, October 22, 2010

Citibank First to Test Revolutionary Credit Card System, Card 2.0

Citibank First to Test Revolutionary Credit Card System, Card 2.0: "



Next month, Citibank will begin testing Card 2.0, a groundbreaking new credit and debit card device that securely links multiple accounts.

These futuristic cards stole the show at the DEMO startup conference last month in Silicon Valley. The cards have embedded buttons and graphic displays, yet they’re as thin and flexible as a normal credit card.

Citi’s version of the card will allow users to select between two buttons on the card at the register. One button will let the user pay with reward points; the other button lets them pay with credit. Cardholders can pay with rewards points anywhere their Citi credit card is accepted.

The cards will be called 2G (as in “second generation,” a naming convention similar to that of other mobile gadgets); each one will contain a chip and a battery with about four years of life.

Citi’s employees have been testing 2G cards since May, according to reports, and the bank plans to roll the cards out to its customer base in mid- to late 2011. Some cardholders will be selected to start using 2G cards now.

Citi’s Dividend Platinum Select MasterCard and its PremierPass Elite are both rewards-focused cards; they’ll be the first to be offered as 2G cards.

Jeff Mullen is CEO of Dynamics, Inc., the company behind the cards. He told The New York Times that Citi’s 2G cards were mere baby steps, saying, “We are just scratching the surface with what these cards can do with these initial products… We are trying to be the innovation arm of an industry that has never had one.”

Here’s a demonstration of how some other Card 2.0 products work:

What do you think of Citi’s first “baby steps” with Card 2.0 products? Would the availability of these kinds of cards influence your banking decisions? Let us know what you think in the comments.

HP Slate 500 Unveiled; Priced at $799

HP Slate 500 Unveiled; Priced at $799: "

After a long wait, it seems that the HP Slate 500 is finally official. HP announced that the HP Slate 500 powered by Windows 7 will be available for purchase starting today. HP is aiming this tablet at the business segment and will target the webOS based tablets at the consumer segment.

It is priced at $799 which is a bit steep. The hardware specifications seem nice and it runs Windows 7 Professional.

HP Slate 500

HP Slate 500 Specifications

Dimensions: 9.21 x 0.58 x 5.91 in
Weight: 1.5 lbs
Display: 8.9 inch WSVGA capacitive touchscreen display
Processor: Intel Atom Z540, 1.86 GHz
RAM: 2 GB DDR2 RAM, 800 MHz
Memory: 64 GB internal SSD
Graphics: Intel Graphics Media Accelerator 500, Broadcom Crystal HD Enhanced Video Accelerator
Camera: 3 MP, secondary VGA camera
Connectivity: Wi-Fi 802.11 b/g/n, Bluetooth 3.0
Ports: USB 2.0, Mic, SD card slot
Battery: 2 cell battery, 30 WHr

You can check out the complete specs and order the HP Slate 500 here – HP Slate 500


RBI to continue with prudential norms for banks: ICAI

RBI to continue with prudential norms for banks: ICAI: "The Reserve Bank of India (RBI) will continue with prudential norms for banks, the Institute of Chartered Accountants of India (ICAI) has said. It also stated that International Financial Reporting Standards9 (IFRS 9) for banks will not be adopted."

Rupee rise not abnormal: Pranab

Rupee rise not abnormal: Pranab: "The finance minister has said on Friday that huge FII inflow reflects foreigners confidence in Indian growth story and is not a matter of concern."

RBI may hike rates by 25 bps: Survey

RBI may hike rates by 25 bps: Survey: "The financial services sector and corporates expect the RBI to hike key policy rates by 25 basis points in its quarterly review early November."

4 Winning Strategies for Social Media Optimization

4 Winning Strategies for Social Media Optimization:

Social Media Image

Jim Tobin is president of Ignite Social Media, a leading social media agency, where he works with clients including Microsoft, Intel, Nike, Nature Made, The Body Shop, Disney and more implementing social media marketing strategies. He is also author of the book Social Media is a Cocktail Party. Follow him on Twitter @jtobin.

Social media optimization (SMO) is the process by which you make your content easily shareable across the social web. Because so many options exist for where people can view your content, the content model for the web has shifted from, “We have to drive as much traffic to our website as possible,” to the more pragmatic, “We have to ensure as many people see our content as possible.”

You’ll still want most people to see your content on your site — and if you’re doing it right they will — but helping people view content through widgets, apps and other social media entry points will accrue positive benefits for your brand. The more transportable you can make your content, the better.

If you’re ready to get started with a social media optimization plan for your organization, read on for an overview.


Why Social Media Optimization Matters


Before we get to the practical, let’s start with the “Why,” as in “Why you should care about SMO?” As you can see from the chart below, social networks are driving an increasing amount of traffic to an increasing number of websites. Sites like Comedy Central, Forever 21 and Etsy are seeing more traffic from social networks than they see from Google. How social referral traffic is performing for you most likely depends on two factors:

1. How interesting your content is; and

2. How easily shareable you have made that content across a variety of networks.

chart image
Image credit: Gigya

In other words, SMO can lead to increased traffic to your site, as friends encourage their friends to digest specific content. If you can appeal to a given person, their friends are statistically more likely to be interested in the same thing, so you’re likely reaching a well-targeted audience. Further, it also leads to improved search engine optimization, as major search engines count links as if they were votes for your site.

SMO isn’t just about building a bigger social media presence for your brand. Whether or not your organization has a strong social network presence, the social networks of others can be leveraged to great effect.


1. Widgets and Badges


Before the sudden ubiquity of Facebook’s Social Graph, widgets were the go-to tool that allowed others to “grab” your content and share it on their blogs, Facebook profiles, MySpace accounts, and dozens of other smaller social sites or programs like iGoogle.

The NBA is a good example of an organization that has used widgets to great effect, allowing passionate fans to spread branded content across their social networks without ever landing on NBA.com to get it. At my company, we had one client who produces a lot of video tell us their video views doubled when they stopped forcing people to come to their site to see them.

Below is an example of what a simple widget might look like before and after a user activates it to share content.

Widget Image

“Badges,” on the other hand, don’t necessarily have the “Get & Share” functionality. Rather, they consist of an embed code that allows the user to add an image to their blog that links visitors back to your content. This is obviously harder to implement than a simple share button, but there are several advantages. For example, each badge can have its own unique identifier connected to it, so a contest entrant can drive visitors back to their specific entry page, rather than to a general site. And each placement of the badge counts as a backlink to your site, as long as the person keeps the badge up.


2. Content Sharing


While most experienced social media marketers now understand the value of social sharing, there are some key points to be made here.

First, offer options. According to social sharing plugin AddThis, Facebook is far and away the number one place where people share content through their widget, taking 38.52% of the pie. But that means that over 61% of shares are being made elsewhere. Having said that, I’m not a huge fan of those “Share This” and “Add This” buttons, unless they are supplemented in a way that features only a few major services.

In fact, AddThis’ own data shows that its toolbox (which displays only a few major networks, instead of an expandable box of hundreds) performs 40% better than its regular widget. AddThis has even added functionality to that toolbox that shows different buttons for each user based on what sites they personally share to the most — even more targeting.

Gigya, meanwhile, has a handy tool that allows people to share to multiple networks at once without even leaving your site. This is an excellent way to socially optimize your content.

Gigya Image


3. Social Sign In


The goal of most websites is to attract visitors. Beyond that, you want the visitor to register. Why? Connected visitors tend to engage more than non-connected visitors — they’ve already engaged once by registering, after all. So if you can get the visitor to connect, you’ll likely see more time on site, more pageviews, lower bounce rate and, if you’re operating an e-commerce site, increased sales.

The traditional long and cluttered registration form is a bit of a pain in the neck for users, and you may be asking the visitor to marry you when they’re not yet sure they even want to date you. Social sign-in can help solve this.

For sites that already have a large database of registered users, however, social sign in can make things confusing, as you end up with duplicate records. To eliminate duplication, advanced sites are “sniffing” when a registrant may already have a conventional account, and asking those users to sync the accounts. This is something you should be thinking about now, before you end up with tens of thousands of split records.

Similar to sharing, remember that Facebook is important, but you shouldn’t put all your proverbial eggs in one basket. Gigya reports that 46% of users sign in with Facebook, beating out Google as the preferred social profile for making connections to other sites. Echo, a multi-platform sign-in module you can use, reports that Yahoo is number one (34%) for sign in, ahead of Facebook (25%) on the top 10 sites they serve. Whatever data you believe, it’s clear that providing choices will increase your chances of success.


4. Social Commenting


Levi's Image

Leaving a comment on a site is nice. Sharing that comment with your social network is a traffic driver. Today, through programs like Echo, Gigya and Disqus, you can easily encourage people to share their comments more broadly.

Facebook upped the ante dramatically when they added the “wordless” social comment, the Facebook “Like” button. And people who click the Like button typically have 2.4 times more friends than people who don’t, and they click on 5.3 times more links within Facebook than others.

Levi’s implemented Facebook Likes across its site to great success. Jeans, of all things, went through the roof in terms of social commenting, and Levi’s quickly found that Facebook became its number one site for referring traffic. (Note: The “Recommend” button is simply the Like button with a different word, allowing people to share content without “liking” news articles about crime, for example.)

Since Likes show up as one line of text, and Shares show up as a link with a comment, progressive sites are encouraging Shares immediately after someone presses the Like button.

Unless you’re a news site or a blog, part of the art of this is figuring out where to implement social commenting and where to implement Facebook social plugins such as the Like button on your site. When you get it right, it can drive traffic, but it can also provide social proof that your content (be it a blog post or a pair of jeans) is “Like worthy.”


Overall Strategy


Given the importance of the referral traffic and the fact that many search engines, including Google, Bing and Scour are currently incorporating social actions into their search results, having a strategy for socializing your website and your content is increasingly important.

What do you think? Have I overlooked any aspects of social media optimization that you think are important? Be sure to leave your strategies in the comments.


Mobile Credit Card Reader Square Now Open for Business

Mobile Credit Card Reader Square Now Open for Business: "


Square, the new mobile payment venture from Twitter Co-founder Jack Dorsey, has officially opened its doors.

This means that anyone who downloads the the Square mobile app can now order a Square reader. Square tells us that it is also now shipping a slimmer, second-generation Square reader that is compatible with iPhone 4 and can capture a wider range of swipe speeds.

Dorsey announced the news the same way he announced Square: with a tweet. “The doors are (finally) open @Square & we’re going big,” Dorsey tweeted, linking to an article in USA Today.

Square is available on the iPhone, iPad, iPod touch and select Android devices, including the Droid, Droid X, Nexus One and Galaxy S. Merchants who are approved for Square accounts will be sent a free credit card reader for their device.

Combined with the Square mobile app, the reader can take credit card payments. Merchants are charged 2.75% of the purchase price plus $0.15 to swipe a card. There are no monthly charges or set-up fees and no contract is required.

Square made a big splash when it was announced last year. Since then, interest in the startup has mounted, especially as the micro-transaction space has really started to heat up.


Mobile Payment Space Heats Up


Square is one solution, but there are other players in the mobile and personal electronic payment sphere; some, like Square, are acting as a way to capture payment information from a mobile device. Others are looking to eschew traditional credit and debit cards entirely.

PayPal is investing in mobile payments and mobile transactions in a big way, and it seems to be paying off. Its parent company, eBay, reported solid earnings for the third quarter, in large part thanks to PayPal, which now contributes more than a third of eBay’s revenue.

Over the past year, we’ve spoken with PayPal several times regarding its plans for mobile payments and it’s clear that the company wants to be available in as many situations as possible.

The smartphone revolution is a driving part of the acceptance of micropayments in North America, with Visa already piloting programs in New York to accept payments via phone in shops and on the subway.


Square Up


If you have wanted a low-cost way of accepting credit cards without having to deal with the hassle of a larger-scale point of sale (POS) system, Square could be a viable solution. By requiring only a connected mobile device and the Square card reader, payment processing will be available to vendors that would normally never be able to accept credit cards.


Amazon: 14-Day Lending Coming to Kindle “Later This Year”

Amazon: 14-Day Lending Coming to Kindle “Later This Year”: "



Amazon will allow Kindle users to lend books to each other for 14-day periods, the company announced this afternoon.

The lending feature has been one of the primary selling points of Barnes & Nobles’s Nook e-reader, which is slated for a refresh next week. As with Barnes & Nobles’s lending feature, Kindle lenders will not be able to access the book on loan during the 14-day period, nor will they be able to loan the book to the same user more than once.

“Not all books will be lendable,” Amazon added, noting that it was entirely up to the publisher or rights holder to determine whether to participate in the program.

Amazon also announced that Kindle editions of newspapers and magazines, which have thus far only been accessible on the Kindle e-reader, will soon (“in the coming weeks”) be accessible via Kindle’s free apps as well. Support for periodicals will be added to the iPad, iPhone and iPod touch apps first, followed by Android and other apps “down the road,” the company revealed in a statement.

Amazon plans to follow up with further details shortly.

Chrome gets thumbs-up from India’s Biggest Star

Chrome gets thumbs-up from India’s Biggest Star: "

Internet users spend a majority of their time inside a web browser yet a small percentage of them, discounting the tech-savvy crowd, may actually know what a browser is.

When a Google employee posed this question to a random set of people in the busy Times Square area of New York, less than 8% of them could get the answer right.

KBC, which is the Indian version of Who Wants to be a Millionaire quiz show, witnessed something slightly similar yesterday.

A contestant had this question on her screen -- Which of the following is not a web browser? The choices were Firefox, Opera, Facebook and Google Chrome. You might find this easy but the young lady, who was a doctor by profession, could only answer this after taking an audience poll.

Big B likes Chrome

While the lady most definitely missed these print ads for Chrome that recently appeared in most Indian newspapers, Google’s web browser got some real praise from the host Amitabh Bachchan himself who said -- “Chrome is a new browser, extremely beautiful and it runs very fast.”

The marketing team at Google India must be feeling lucky here because this surprise endorsement for Chrome comes from India’s biggest star on a hugely popular TV show and that too during prime time.

Here’s a video recording of the show (jump to 5m 18s).

This article, titled Chrome gets thumbs-up from India’s Biggest Star, was originally published at Digital Inspiration under Amitabh Bachchan, Google Chrome, India.

Coal India IPO – They gave Exit Option from the IPO

Coal India IPO – They gave Exit Option from the IPO: "

Coal India IPO which was declared a huge hit and was subscribed by more than 15 times or so had a different turn today , Coal India Finance Director A.K. Sinha said accretion in stock and other income got interchanged in the company’s standalone financial statement that was printed in the Re herring prospectus , but they also said that it has no impact on the company’s total income and profit figures. They have told that the exit option would not have any impact on the subscriptions,and they are just making sure that they abide by the regulation.



Coal India IPO – They gave Exit Option from the IPO is a post from: First Blog for Indian Financial Market

5 great GreaseMonkey Scripts for your Facebook accounts

5 great GreaseMonkey Scripts for your Facebook accounts: "

Well here are some of my favourite Greasemonkey scripts for Firefox users that totally enhance the Facebook experience. :) Ever wondered how cool it might be if you are able to see the highlighted birthdays on your homepage, clean out your Facebook wall with less advertisements, manage your homepage the way you want it to be and many more.

greasemonkey facebook  5 great GreaseMonkey Scripts for your Facebook accounts

Credit

Installing and uninstalling the above user scripts is pretty easy. If you have any doubts on installing the Greasemonkey scripts refer to the tutorial here. :) Hope these Greasemonkey scripts were helpful. How did you find them? Do you know any other such scripts? Feel free to give your views through the comments below. :)

-- This Post 5 great GreaseMonkey Scripts for your Facebook accounts is Published on Devils Workshop .

I think this will be usefull

'Global recognition of India story'

'Global recognition of India story': "India Inc is basking in the success of Coal India IPO, terming it as the global recognition of India's growth story and highlighting the fact that a good issue that is rightly priced could bring in foreign money of unimaginable proportions."

Google’s Piracy-Fighting Music Search Engine For Indian Users Now Live

Google’s Piracy-Fighting Music Search Engine For Indian Users Now Live: "


Yesterday, the WSJ reported that Google was planning to launch a music service in India to help users search for legal online streams and downloads and fight digital piracy, which reportedly runs rampant in the nation.


We’ve just gotten word that the service is now available at Google.co.in/music.


Update: official Google India blog post is up.


Currently only covering songs in Hindi, the music search engine promises that users can search for and instantly listen to thousands of full songs, which are delivered by Google’s partners in India (in.com, saavn and saregama).


Anyone can use the search engine, even outside India. Search results can be streamed instantly and free of charge in a pop-up Web player, and you can filter results based on singers, actors and release dates. There’s no option to purchase music directly.


Whether the initiative will effectively curb digital music piracy in India remains to be seen.


A year ago, Google launched a music search engine in the United States in partnership with MySpace/ iLike and Lala (the latter was shut down by Apple post-acquisition).


The main difference is that in the US, Google only plays previews for songs and not full tracks.


Another music search initiative from Google is live in China (see details here).


Finally, let’s not forget Google is also working on a genuine digital music store / locker service, which will likely be called Google Music.




(Thanks to Abhijeet Mukherjee for the heads up)



Waiting for tamil songs in google

People Are Liars, Especially On Twitter

People Are Liars, Especially On Twitter: "


Rock-solid research (ok, not really) shows that you’re all liars (ok, not really).


A UK insurance company called Direct Line asked an agency called Opinium Research to carry out a study on dishonesty on social networking sites for its latest ‘Straight Talking Report’.


The research firm polled just over 2,000 British adults on the Web from 3rd -7th June 2010, and discovered a shocking truth: that people are not always honest when they’re able to hide behind a screen name and an avatar rather than talk face-to-face.


I know, I know.


Take a minute to calm down, breathe in and out, and continue as soon as you’re ready.


The ‘Straight Talking Report’ found that people are more likely to be dishonest when talking on social networking sites such as Twitter, than they would be when talking to someone in meat space. According to the research, just one in five people (20%) profess to being more truthful on Twitter or text, compared to a third (31%) who state that they are more frank when speaking to someone in real life.


Furthermore, men are said to be less likely to be honest via text messages than women (17% of men compared to 21% of women). Or women are more likely to lie when polled, of course.


Another nugget: women are less likely to be truthful in person than men, with 12% more men claiming to be honest face-to-face than women.


I warned you it would be a shocker.


I’ll leave you with psychologist Glenn Wilson, who delivered the obligatory quote meant to add some pseudo-scientific credibility to the mix:


“Modern technologies, such as smartphones, social networking and instant messaging have been hailed as innovations in the way people interact, removing obstacles to conversation and allowing for openness of discourse.


However, we sometimes use these means of communication rather than a face-to-face encounter or a full conversation when we want to be untruthful, as it is easier to fib to someone when we don’t have to deal with their reactions or control our own body language.”


An astute observation indeed – and I’m not even lying.




Beware this post can also be lie


"