Latest opinions that Milos Dunjic has shared on Finextra

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Milos Dunjic

AVP, Payments Innovation Technology Solutions

TD Bank Group

Member since

17 Jan 2016

Location

Toronto

View Milos Dunjic's full profile

Milos's opinions

WANTED: Unified Contactless Kernel at POS

Contactless/proximity payments are promising technology, bringing speed and convenience to the checkout counter. They are supported by pretty much all payment schemes – Mastercard has PayPass, Visa has payWave, American Express has ExpressPay, Discover has ZIP, JCB has JSpeedy, Interac has Flash, etc. This also includes support for NFC-based mobil...

05 August 2017 Innovation in Financial Services

W3C Web Payment Standardization As A Potential 3D Secure Killer?

The 3D Secure 1.0 framework was originally introduced to address lack of consumer authentication in legacy online environments, mainly in cases where online merchant and consumer were not engaged in face to face transaction, i.e. when there was clear lack of confidence that consumer who is paying, was the legitimate owner of the payment card used ...

23 July 2017 /payments Innovation in Financial Services

Chequing Bank Account In The Age Of Digital Banking?

There was time when people used cheques, and used them a lot. Cheques once accounted for 86 percent of all non-cash payments, and were the hot new payment technology. After second World War, the Americans adopted cheque writing like never before. In 1940s and 1950s, the overall number of ‘chequing accounts’ (frequently spelled as a 'checking accou...

01 July 2017 /retail Innovation in Financial Services

Payments Innovation - A Quantum World Of Payments

In nature, change is constant and inevitable. It is also fairly slow and mainly evolutionary. At the macro level, everything looks very logical, guided by the basic scientific laws of physics, chemistry and biology. We are comfortable with changes that we can observe and measure. We feel that we are in full control of predicting future movements, ...

29 June 2017 /payments

The Persistent Payment Fraud Challenge and What Can Be Done About It

As I review the latest payments industry news, I am trying to identify if there could be some low-hanging fruit that would make sense for the payments card industry to focus on. It seems that there is a consensus out there that most consumers still prefer using their familiar plastic cards and do not show obvious signs of abandoning them for more ...

06 May 2017 /security

Instead Of Open Banking Should Industry Push For Open Everything?

Open Banking initiatives are bringing technology at the forefront of finance by encouraging (sometimes even mandating) secure underlying account data sharing by banks. The main purpose is to enable third parties, mostly FinTech players, to utilize the open access to banking data, in order to provide value-add service applications that enable consu...

20 February 2017 /retail

Limited Capabilities of Smart Contracts

Smart contracts are discrete computer program units, which are deployed inside blockchain network nodes. Once they are ready for deployment, one-way hash value of the code is calculated and digitally signed. The one-way hash value, with its digital signature and the code itself, is then replicated out to the network of participating blockchain nod...

24 January 2017

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