4826 Results from /payments
Retired Member
This is example is indicative of the state of financial services governance in the UK: In 2000, Egg (internet-based credit card company), suffered a major data loss and could only recover account records by cobbling together messages from their CRM system. As a customer at the time, I challenged the accuracy of my account statement and demanded ...
18 November 2009 /payments
George Ravich President at Ravco Marketing, LLC
At the recent NEACH Payments Insights conference it was interesting to find an audience gripped by two strong emotions – excitement and fear. The excitement was about new opportunities in transaction banking and how the emerging generation of customer will drive change. And the fear? Disintermediation by fierce competition from new market entrants...
16 November 2009 /payments /wholesale Transaction Banking
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
We are now at the cliched inflection point on payment innovation. In recent months, many of the goliaths of the online world are offering their own payment channels - Amazon, GooglePay, PayPal - that may spillover beyond the virtual world they dominate. Now take a scenario - you go to a retail outlet and instead of swiping your credit card on the P...
16 November 2009 /payments /retail
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
The EC Expert Group on e-Invoicing has approved its Final Report. It will be published in within the next weeks. The work has involved a total of close to 60 experts over nearly two years and has already had a significant effect on the activities both in the market uptake, in the standardization area and in the regulatory simplification and unifi...
15 November 2009 /payments Innovation in Financial Services
Two news items came out this week that caught my attention and got me thinking. The first was a report from LexisNexis - the 2009 LexisNexis True Cost of Fraud Study. The shocking headline figure in this report was that US merchants are paying $100 billion in fraud losses due to unauthorized transactions and fees/interest associated with chargeba...
13 November 2009 /payments Information Security
Uri Rivner CEO and Co-Founder at Refine Intelligence
A stealthy hack into a financial system; clever manipulation of data by exploiting hidden vulnerabilities; an international cash-out operation of gargantuan proportions reminiscent of Al-Qaeda multiple-attack plan. FBI agents working internationally to trace the criminals and bring them to justice. All the elements of a good Hollywood Heist film, ...
11 November 2009 /security /payments Online Banking
Keith Appleyard IT Consultant at available for hire
The Department for Environment Food and Rural Affairs (DEFRA) Rural Payments Agency’s Single Payment Scheme uses a £350 million IT system to pay farmers the right amount in EU subsidies. But the National Audit Office said in a recent report that the agency’s systems are "very expensive", "cumbersome", "difficult to change t...
10 November 2009 /payments /regulation Whatever...
Most of us have seen how small enterprises can be innovative, fast and agile - when larger ones show up as lumbering giants - trying desparately to cure themselves with new "management" tools. Long way to go before management is less about control and more about leading change. One reason for favoring large enterprises has been that the ...
08 November 2009 /payments
With a changing payments landscape, the very structure of banks seems to be a matter of great debate at the moment. On one side is the view of Governor of the Bank of England who believes that banks should be split into separate utility companies and risky ventures. The opposing view comes from the Group of 20, the Financial Stability Board and th...
05 November 2009 /payments /wholesale
In the old days bloodletting was considered to be a universal cure to diseases. Later when it was realised that it could have only negative effects it still continued for quite a while. Old habits die hard. There are many similar practises today and the guy sitting on the chair is a typical SME letting himself be subject to a plethora of painful r...
05 November 2009 /payments
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