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London

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2015

James Bell

Consultant at IBM UK LTD

Posts: 0 Comments: 20

James is Commenting on

BBVA Bancomer first to roll out dynamic CVV/CVC for mobile transactions

How does this work in practice? When using a card linked to the app online the user needs to check the app to find out what the dynamic CVV is? (which the bank then validates at authorisation time) If true presumably that means that the consumer has to have their mobile and a data connection in order to make online purchases with the card? Appreciate that the majority of the time that will be the case but I do wonder whether lost transactions when its not (e.g. phone doesnt have internet transaction) would make up for the fraud savings

27 Nov 2015 Reply Read article

EMV will be irrelevant, NFC to take over, says Vinod Khosla

haha yes I was going to say the same - unless he is talking about other non card types of payment enabled by NFC technology overall but I doubt it as there is no specific reason for them to take off now compared to in the past 5 years

26 Oct 2015 Reply Read article

Sweden on course to be first cashless country

Any thoughts on why it is a different story in the UK? https://www.finextra.com/news/fullstory.aspx?newsitemid=27850

26 Oct 2015 Reply Read article

Millennials embrace wearable banking - poll

This seems very high - do you have a link to the original research? Is this just an online poll? I would be surprised if half of 18-30 year olds own a wearable that enable any banking transactions?

21 Oct 2015 Reply Read article