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 Taking payments without cheques is easy : use your phone.December 17, 2009 – 8:38 am UK banks plan to phase out cheques by 2018. This just reflects the reality that cheques are phasing themselves out : usage is down to 3.8 million per day from 10.9 million a day in 1990. It will leave some small businesses, especially those who travel to clients homes, looking for an easy way to be paid. Necessity is the mother of invention, and one invention that could meet the need is Square. read more » Is Social Media A Fad ? And does it matter for business ?December 10, 2009 – 5:33 pm If Facebook were a country it would be the 4th biggest in the world, just behind the US. Social media has arrived, and is not going to go away again. But is it as important for business as it is for our social lives read more » The 280 Million Pound TypoDecember 7, 2009 – 9:16 am Everyone makes typos, but only one person has made a typo costing forty billion yen – around £280 million. That person is a trader at Japanese brokerage Mizuho Securities. In 2005 they meant to sell 1 share for 610,000 yen, but – oops – sold 610,000 shares for 1 yen. Fixing the mistake cost Mizuho 40 billion yen. |
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