4826 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
At the early stage of e-invoicing it was referred to as “dematerialization”. The benefits were seen as coming from not sending paper mail – but electronic mail. Now it has become very clear that the real benefits are in keeping the information in structural form (not de-electronizing it by printing or making it into a PDF-picture) and sending it as...
02 March 2010 /payments Innovation in Financial Services
Retired Member
Today, for the fifth time in as many months, my Debit Card was Blocked by my UK Bank for suspect activity. I know exactly what the activity is, its the same activity that happened the first time and every time subsequently. Every time it occurs I make a point of talking to their Fraud team - pointing out exactly what their "Fraud Monitoring A...
01 March 2010 /payments
"If there are any Mattel engineers in the audience, the astronaut Barby's space suit is not crash proof" (loose paraphrasing on Will Wright's keynote) Yep, the keynote was entertaining and Engage brought a lot of vendors to snowy New York's Javits center. The two day event, though a bit low on developers, had a few interesting sessions a...
23 February 2010 /payments /regulation Innovation in Financial Services
New report (will be translated to English soon) going deeper into the e-invoicing theme http://www.dbresearch.com/PROD/DBR_INTERNET_DE-PROD/PROD0000000000253980.pdf Deutsche Bank is certainly doing their part - but as the report notes - the network effect is needed - and that means all banks - just like payments.
21 February 2010 /payments Innovation in Financial Services
I think the report from the University of Cambridge is very interesting and raises some very valid points, despite the fact that it is quite theoretical and could only work in a specific set of circumstances. There are a number of options that the banking community has to prevent fraud of this nature. 1. Do not allow EMV cards to be verified...
16 February 2010 /payments /regulation
Cambridge University computer scientists’ discovery of a way to carry out transactions without knowing a card's PIN hit the headlines on Friday; however consumers should not lose faith in credit card security. Chip and PIN is by far and away the most secure way of protecting payment transactions currently available. No security system can claim to...
15 February 2010 /security /payments Information Security
A scientist was conducting an experiment with a fly. He pulled off one of its legs and set it down to see if it could fly. Conclusion: a fly without one leg can still fly. He pared off a second leg and set it down, saying "Fly!" Conclusion: a fly without two legs can still fly. He removed all the legs and set the fly on the palm of his h...
14 February 2010 /payments /regulation Innovation in Financial Services
Have banks given up trying to be good citizens? Sometimes you get that feeling - and also understanding that the avalanche of generalizing populistic condemning can lead to a give-up feeling even in the blameless banks. Of course it is difficult for the man on the street to understand why the market practice in the financial industry is so bonus-fo...
13 February 2010 /payments Innovation in Financial Services
Paul Love VP Business Development at Konsentus
Tesco is marking the occasion of the 15th anniversary of its loyalty Clubcard by offering £120million worth of money off vouchers and an iPhone application that turns the phone into an electronic Clubcard. The Tesco Clubcard has been widely accepted by customers, and Tesco is obviously keen to trumpet that success and reinforce its use among a new...
12 February 2010 /payments
Purchasing an airline ticket with Rs. 30 in the wallet at 2 am in the midst of a trekking expedition, considered nigh impossible till a few years back is now a distinct reality made possible by mobile phones. Is cash on the brink of extinction, well not yet! With the explosion in mobile telephony, it was often considered that mobile payments wou
12 February 2010 /payments Innovation in Financial Services
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