4855 Results from /payments
Uri Rivner CEO and Co-Founder at Refine Intelligence
It was one of the largest cyber-heists in human history. Like in many other cyber attacks, it started with breaching a secure network. This time the target was a US-based processor of prepaid cards issued by Bank of Oman. The attackers went in, took control of several accounts, raised the withdrawal limits and, most importantly, stole the PIN numb...
10 May 2013 /payments Information Security
Retired Member
Why aren't retailers jumping en masse aboard the mobile payments train? Well, there is no gravy on it, the train is not leaving the station yet, and it might even be cancelled. It all boils down to "what's in it for me?" As a retailer, I am hit with the same charges no matter how card-linked payment is done - contactless (card or mobile),...
06 May 2013 /payments Innovation in Financial Services
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
I am thinking of a model where companies will exchange payments via the same network infrastructures they already use for business-to-business (B2B) transactions such as purchase orders, sales orders, product co-engineering specs, inventory tracking and tracing, sales and procurement forecasts. These B2B platforms (e.g., Ariba Network, GXS, Tieto,...
05 May 2013 /payments Transaction Banking
Any lingering hopes that there was light at the end of the tunnel for UK retail banks were dashed last week by Baroness Susan Kramer, a leading light in the House of Lords for banking reform and chair of the retail panel of the Parliamentary Commission on Banking Standards. At a private dinner for senior figures in the payments industry Baroness K...
01 May 2013 /payments Innovation in Financial Services
Following industry consultation, the US CFPB (Consumer Financial Protection Bureau) has issued the awaited amendments to Dodd Frank Section 1073. The new 2013 Final Rule is effective from October 28, 2013. The three issues of greatest concern to US banks have been amended: It is optional, in certain circumstances, to disclose fees imposed by a d...
01 May 2013 /payments Payments strategies 2015-2020-2030
Probably the most significant step forward was the opening up of the SWIFT network to corporates – in 2006 SWIFT finally opened its doors properly and gave corporates the ability to connect to all of their banks using the SWIFT network. There were corporates connected to SWIFT before then, but only the very largest corporates could afford the inve...
29 April 2013 /payments
Last night my wife watched a great BBC documentary about grizzly bears. I caught some of it, and two facts fascinated me most: (a) grown-up bears, causing serious damage to each other, kept fighting for a spot on the river waterfall during salmon run, although thousands of fishes could be caught easily anywhere at that place; and (b) male bears wo...
26 April 2013 /payments Innovation in Financial Services
A critical component of any business success is being able to accept payments for goods and services. At the same time, we are keenly aware of the risk associated with doing so. Whatever one trades, whatever the business, any and every credit or debit transaction processed will involve sensitive personal information. This data has to transmitted a...
26 April 2013 /security /payments Payments strategies 2015-2020-2030
Jane Adams Marketing at Currently looking for a job
I spent the end of last week sitting in a conference room in Brussels listening to presentations about digital identity and online trust. Hearing some of the delegate questions, it struck me once again how difficult a topic this is for some people to discuss. Why? Possibly because of all the philosophical and sociological baggage that comes with t...
22 April 2013 /security /payments
In the age of outsourcing and partnerships, things can go wrong when you are not in control of your own processes. That could damage your brand in many ways. Post Office has never been a media darling when it comes to payments, although they do provide solid (if somewhat old-fashioned) no-nonsense service: their currency exchange value proposition ...
22 April 2013 /payments Innovation in Financial Services
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