5169 Results from /payments
David Divitt Senior Fraud Product Manager at VocaLink
The reduction in fraud levels seen in Australia once again reiterate the potential savings that can be delivered if countries roll out EMV technology, and it will be interesting to see if the current non-EMV countries such as the US reconsider their stance as these stories continue to come through. However, the rise in CNP fraud in Australia shows...
07 December 2010 /security /payments
Brett King CEO & Founder at Moven
The major news feeds of the world are buzzing with the arrest of Wikileaks founder Julian Assange in London today. Assange was arrested based on an extradition request from the Swedish government, issued last week. Swedish authorities had issued the warrant for Assange so they can talk to him about sex-crime allegations supposedly unrelated to Wi...
Retired Member
Interesting to see the latest figures from Australia released today, which show the impact that Chip and PIN can make on fraud. Skimming attacks committed domestically and overseas on Australian cards both fell, and the number of skimming attacks committed in Australia on overseas cards also fell significantly. As was the case when Chip and PIN w...
07 December 2010 /payments
Barry Kislingbury Lead Solutions Consultant at ACI Worldwide
The term ‘Payment Services Hub’ (PSH) has become the latest and greatest buzz word in the payments industry, and promises a new and innovative alternative to the traditional ‘payment engine’. This is because payment engine projects have the reputation of being for the larger bank, ridiculously expensive, difficult to implement and even harder to ...
03 December 2010 /payments /wholesale Payments strategies 2015-2020-2030
Speaking at the Next Generation Cards & Payments Conference held in Brussels late last week, Gertrude Tumpel-Gugerell, a member of the Executive Board of the European Central Bank, made several New Year's resolutions. One of them highlighted a section of the 7th SEPA progress report, published in October, which for the first time contains a ...
03 December 2010 /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
http://ec.europa.eu/enterprise/sectors/ict/files/com712_en.pdf most here: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:52010DC0712:EN:NOT Loud and clear. It all starts with migration away from printing on paper or sending PDFs. Then it is easy to automate accounting, VATprocesses (and collect the missing part) etc. Enjoy the read
02 December 2010 /payments Innovation in Financial Services
If we want avoid a clear fall in living standards and financing capability of welfare services in EU - we need better productivity and just collection of lower taxes. The split payment VAT is an ideal model for both purposes. From EU document: "28. The benefits of the model are great, as the tax authority can be sure that it will receive
From EU Green Paper on VAT: "The current collection model brings with it a VAT Gap due to e.g. VAT fraud, insolvencies, mistakes by the taxable persons in the VAT return and VAT avoidance schemes. Desk research shows that the VAT Gap for 2009 can be cautiously estimated at 6,9% of GDP and 12% of total VAT liability in the EU-27. This means ...
In her widely-read report on Internet trends, current Morgan Stanley (soon to be Kleiner Perkins) analyst Mary Meeker poses an interesting question: Do humans want everything to be like a game? Given what's happening across the Web, it's hard to answer anything but yes. Life, as we well know, is largely a game, yet it's difficult to imagine cert...
02 December 2010 /payments
Earlier this month, NCR was talking about how they plan to rethink the cash machine. By reconsidering everything from the console's shape to the interface's style and function, "we can create machines that actually make banking cool," says Bob Tramontano, a VP at NCR, the world's largest manufacturer of ATMs. Meanwhile, the design innova...
01 December 2010 /payments
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