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According to a report by research firm Aberdeen Group, most merchants that have adopted contactless don’t promote those programs to their customers, leading to lower than expected usage and uptake of ...
Perhaps we should not be surprised, but every time one of these stories concerning multi-million dollar organised cyber crime hits the headlines, the sheer scale of the operation is startling, even to...
I was a bit taken aback the other day by my experience in the self-checkout area of Sainsbury's. No - not the "unexpected item in the bagging area" issue - no this was the card reader saying...
Even as the Wall Street continues to be dealt body blows from the sub-prime mortage man, the US consumer spending is increasing! While Forbes ran a story (in late September) on the rising consumer sp...
Merchants hate paying 2% for credit card interchange, yet reports show that they are willing to pay 7-9% to companies like Google that envelop the payment transaction within the shopping context and a...
In July, 2003, the Pentagon's Defense Advanced Research Projects Agency (DARPA) scuttled an ill-conceived terrorism futures market. While the project was a political failure, the idea underscores the...
Regulating interchange fees would eliminate a powerful incentive for payment schemes to create innovative products and services which benefit merchants. Payment schemes should be able to compete with ...
In 2003, Yale University professor Dr. Robert Shiller ("Irrational Exuberance") published his widely heralded tome, "The New Financial Order: Risk in the 21st Century." In it Shi...
These are difficult times for investment banks. I will spare readers a painful rehash of the past three months, but suffice it to say that the days of the centrally-planned, highly conglomerated uber-...
If you like British comedy, you may remember that old John Cleese sketch about “What did the Romans do for us?” OK, they gave us a legal system, the basis for our language, roads…but besides that, wha...
PwC released this study a few months ago titled "Internal Audit 2012* - A study examining the future of internal auditing and the potential decline of a controls-centric approach" Five key t...
Very disappointing, as I am sure we all agree. Doubly so knowing Lord Erroll's dedication and enthusiasm for the work of the Committee (having heard his impassioned views on the issues at our recent I...