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Location
Dublin
Member since
2008
Writes about
Payments Retail banking

John's blog archive

2011 (2)
John Clarke

John Clarke

Head of Product Innovation at WorldNet TPS
Message Message me Posts: 2 Comments: 5
Bio WorldNet TPS is a Secure International Payment Gateway. As Head of Product Innovation, my role is to develop & implement a Product Strategy that will allow the company to grow and differentiate in this competitive space. Career History An Acquiring lifer, John founded Flexicom in 1993, and grew the company (as CTO) until it's purchase by Elavon Merchant Services (formerly euroConex) in 2004. John then spent four years as Head of Product Innovation with Elavon, prior to founding WorldNet TPS.

Blogs

Innovation in Financial Services

Multi Channel Commerce - it's not too late to be early!

20 Jun 2011

2010 - Year of the Mobile (finally!) Since at least 1999, each year has produced confident predictions that next year would be the "Year of the Mobile". So it's a relief to finally be able to talk about the Year of the Mobile in the past tense. The general consensus, from Google on down, is that 2010 gets the award as year of the mobile...

Innovation in Financial Services

Multi-Channel Commerce. Do I need to support it?

13 May 2011

Increase in online sales channels The number of online sales channels is increasing. A couple of years ago, being online meant having a web site, but the last two years have seen the development of at least two significant new channels – the mobile channel, and the social channel. Currently there are four accepted “pillars of online commerce” – t...

1

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John is Commenting on

A Device for All Reasons and All Seasons

  Nice article Sanat.  The development of mobile commerce has "blurred the line" between traditional retail, and traditional eCommerce.  Now we have transactions generated on mobile devices, that can be either Cardholder Present, or Cardholder Not Present.  This is not a situation that is currently supported by the Card Schemes - as per usual, technology has evolved faster than the Schemes' ability to react.  A grey area is opening up between what is now possible, and what is supported by the Card Schemes.  This is something that needs to be addressed.

03 Jan 2012 Reply Read article

How password recovery threatens online banking security

  A similar issue applies to resetting of 3D Secure (i.e. SecureCode/Verified by Visa) passwords for credit/debit purchases online.  The password reset requirements are defined on a per-Issuer basis.  I have seen one Issuer who only requires your Date of Birth & credit limit to allow your password to be reset.  The first piece of information is publically available, and the second can easily be guessed (e.g. £5,000, £10,000 etc). This obviously completely undermines the whole point of 3D Secure - to improve the security of online transactions.  It will be interesting to see how this develops, as cardholders have very few chargeback rights on 3D Secure transactions.  It is assumed that if 3D Secure is used, the cardholder was involved, or that they compromised their own security, and as such are responsible for the transaction. John Clarke (www.worldnettps.com)

09 Aug 2010 Reply Read article

DeviceFidelity launches system to transform mobile phones into contactless payment devices

  I agree with the Finextra verdict here - nice technical solution, but what consumer problem is it solving?  And if there are not major consumer benefits, how will it gain traction?

10 Nov 2009 Reply Read article

Twitter founder Dorsey working on iPhone credit card reader

  This seems very similar to the solution produced by Way a number of years ago - converting a mobile phone to be a mobile terminal by adding on a card swipe reader.   Of course, the problem Way experienced (outside of the US, you need chip & PIN support) is going to be an issue here as well.  Choosing the iPhone is a smart marketing move - anything with an iPhone angle is well received.

19 Oct 2009 Reply Read article