Latest opinions that Nick Ogden has shared on Finextra

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Nick Ogden

Chairman

Ogden Research

Member since

17 Sep 2008

Location

London

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Nick's opinions

Is eMoney now real money?

The latest version of the EU eMoney directive comes into force in April 2011. Having attended the World Roundtable on Electronic Money Management, hosted by the Malaysian Central Bank, Bank Negara in Malaysia on Saturday, it was a fascinating topic to debate. The meeting was held at the start on the two day OMFIF meeting, and attendees included re...

17 May 2010 /payments

Something for the weekend

As if volcanic ash and BA air strikes weren’t enough to contend with I thought I would share a little ditty from my recent travels in the US. Absolutely nothing to do with finance, rather a bit of light relief before the weekend! Having concluded our business trip my colleague and I were heading back to JFK in a limo when we had a front wheel blow...

14 May 2010

The most common type of fraud

It was reported by the BBC last week that credit card is now the most common type of fraud. The report revealed that while overall crime across the UK and Wales is down, or at least stable, credit card fraud is increasing significantly. In fact it grew 40% from 2008 to 2009 with 4.7% of card holders falling victim to fraud in 2009. Quite rightly...

26 April 2010 /security /payments

Card conquers cash

It comes as no surprise that the Payments Council has again articulated the demise of cash in their latest report with usage rising just 7 per cent over ten years, while total spending has doubled. The switch away from cash has been long coming with the latest statistics demonstrating that the payments market is changing as consumers look for more...

15 April 2010 /security /payments

Secure transactions - It takes two

It’s hard to ignore – card fraud in the UK is a significant burden, still running at over £440 million according to the latest figures from the UK Payments Association. Not surprisingly the nature of this threat has evolved dramatically in recent years. It has moved away from face to face fraud, largely eliminated through the introduction of EMV a...

15 March 2010 /security /payments Online Banking

UK fraud stats: better but still some way to go

The latest stats on UK fraud from the UK Cards Association provide some interesting food for thought and it is of course excellent to see that UK credit and debit card fraud fell by 28 percent in 2009, compared to the previous year. However, fraud will always move to the weakest area and exponential growth in use of the internet for banking and sho...

11 March 2010 /security /payments Innovation in Financial Services

Biometrics solve a very real problem

I came across this blog on Finextra which took a fairly cautious view on the use of biometrics in the UK and Europe. It referred to Bank Leumi now using voice biometrics for password re-setting for online banking. Following announcements from Australia and the US, I agree that it is encouraging to see usage of biometrics taking off in the UK and...

09 February 2010 /security /payments

A solution to online fraud is necessary

News out this week suggests that online spending is on the rise with Brits spending £38billion online last year and the expectation that this trend will only increase in 2010. However, with opportunity comes threat and it’s fair to say the security surrounding online payments is a major issue that can no longer be ignored for all concerned. Recen...

05 February 2010 /security /payments

Time to restore consumer confidence

So, it’s January 2010; the hangovers are subsiding and everyone is gearing up for the New Year and the opportunities and challenges it will bring. This time last year in his speech to the CBI Mervyn King talked about consumer confidence and pronounced that there had been ‘a widespread collapse of confidence in banking systems in the industrialised...

11 January 2010 /security /payments Innovation in Financial Services

Voice Verification versus Voice Recognition

At the start of a new decade there still seems to be confusion between these two terms with many people using them interchangeably - so here’s the distinction set out plainly: Voice recognition, also known as speech recognition, converts spoken words or phrases to text which is then processed by a computer to recognise what is being said. Unfortuna...

04 January 2010 /security /payments Innovation in Financial Services