4826 Results from /payments
Retired Member
At a recent lecture series for Company Directors we were informed that regulation is on the rise and Company Directors in many countries did not even have the same rights as most international human rights standards dictated. Trivial rights, such as a presumption of innocence. Wow. All the while, the level of regulation we must be more than just aw...
20 October 2009 /payments Innovation in Financial Services
I thoroughly endorse the European Payments Council’s call for the EU authorities to get behind SEPA. However, as duly noted by Gerard Hartsink, public authorities – which focus predominantly on domestic payments – simply don’t have enough incentive to make the transition to SEPA without an end date for full migration. So here we have a catch 22....
15 October 2009 /payments
Okay, I realize that unless you are a perpetual movie geek like me, you may not remember Sally Field's much maligned Academy Award acceptance speech ( I've happily included a clip so you can view it now). But it was the first thought that popped into my head as I read this article about First Direct. I think it's great that the bank is willing t...
14 October 2009 /payments /wholesale Transaction Banking
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Corporate inertia, quarterly capitalism and techno-hype have together created a rather sad overall picture of how digital services have been introduced. Far too often in the past digital services have been seen as - at best - side shows and top management support for promotion - badly needed in conservative organisations - have at best been lukewar...
14 October 2009 /payments Innovation in Financial Services
It is very easy to make things difficult but very difficult to make things easy. As a result we see that many service are not the least user-friendly - not in design - not in language - too complicated - a no-brainer. The business environment is also getting fiendishly complicated as technology offers so many new alternatives with so many new h
12 October 2009 /payments /retail
Computer Sweden writes - inspired by frequent high profile robberies - that cash is an invitation to crime. Legislators, banks and retailers are to blame for having failed to eliminate cash usage - despite cards having been around for 30 years on a large scale. Not only are piles of cash inviting robbers - it is also the enabler of drug trade, pro...
10 October 2009 /payments
The Financial Fraud Action UK results released yesterday clearly show that the battle against fraud is far from over in the UK. Despite this, the statistics suggest that the UK is doing comparatively well in the relation to many other countries. The findings highlight where the UK is doing well and where we are failing. Firstly, face-to-face retai...
08 October 2009 /security /payments Online Banking
Today’s figures from Financial Fraud Action UK are both good news and bad news for UK banks and consumers. The fact that card fraud losses have dropped 23 percent recognises the work that the banking industry in the UK has done to introduce tools such as real time monitoring and blocking of transactions, EMV, or authentication products such as CA...
07 October 2009 /payments /regulation
As the dust settles on the credit crunch, it’s clear that banking has entered a new era. While it remains to be seen whether banks will heed the lessons learnt from the past two years in the long-term, there is no question that the crisis has led banks to re-think their payment strategies. Banks want to make the most of this stable source of inco...
07 October 2009 /payments /wholesale
Some indicators suggest that overall bank payment volumes are falling. However, the big banks have continued to see their volumes increase. Some of course have seen massive growth as a result of the mega mergers over the last twelve months. This increase in volumes isn’t going to make it easier to comply with sanctions regulations and some UK bank...
06 October 2009 /payments /regulation
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