4824 Results from /payments
Retired Member
I have reason to believe there are one or two US retailers with financial services squarely in their sights, and are looking to pull a Tesco in the US. Some retailers might just score a bulls-eye with their recession resistant business model and large store networks. I see there have been some tentative attempts by Carphone et al. Having a few hun...
01 April 2009 /payments /retail Whatever...
David Divitt Senior Fraud Product Manager at VocaLink
Even the most optimistic of pundits aren’t really seeing the light at the end of the tunnel for the credit crunch yet. Organisations around the world have been forced to cut staff, share prices have fallen, and everyone it seems has an opinion on bankers’ bonuses. Banks and their employees, under more scrutiny than ever, are in a very difficult si...
25 March 2009 /security /payments
Paul Penrose Head of Research at Finextra
Sibos will never be the same again. In killing off its Thursday night party, Swift has moved with the prevailing mood music. Lavish, big budget entertainment is off the agenda as the financial services industry adapts to a more austere economic climate. But for many long-time Sibos devotees, the party was as big a draw as the conference agenda. It ...
20 March 2009 /payments /wholesale Finextra@Sibos
The long awaited APACS fraud figures for 2008 show a predictable increase in fraud, pretty much across the board with the main increases in Counterfeit and Card-Not-Present. The APACS response to this is to raise two main points; Firstly, the percentage of fraud against the total turnover has actually remained fairly stable over the years. Secondl
19 March 2009 /payments
This whole PCI DSS compliance thing is beginning to make my head hurt. Here, Visa chief enterprise risk officer Ellen Richey says: "PCI DSS remains an effective security tool when implemented properly - and remains the best defense against the loss of sensitive data. No compromised entity to date has been found to be in compliance with PCI DS...
19 March 2009 /security /payments
I've been known to make some outrageous predictions about such things as how many (few) global banks there would be in a few years (last year) and the boring sort of stuff, like there is no security on the internet, and that tech stocks like google were over-valued, privacy and trust issues, that sort of thing. I've been thinking about 'banking' l...
19 March 2009 /payments Futuristic Banking
Let me explain.. What technology can bring to table? Yesterday I was seeing some of the dashboards for banks. Looking at them, I found that it can’t be a dashboard - all static one. Like a standing car - when somebody just insert key and unlock handle. You can see fuel meter dial gauge indicating the static position. Right now the dashboards exist...
18 March 2009 /payments /regulation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
http://apps.facebook.com/causes/60512?m=3f1cca43
13 March 2009 /payments
Perhaps the lack of popularity of NFC is due to excessive assumptions regarding NFC and the absence of real benefits overall. The assumption in the article that other methods require more expertise on the part of the user is unfounded. I am personally familiar with systems which are both safer and easier to use than NFC and SMS. Customers choosing ...
12 March 2009 /payments /retail Innovation in Financial Services
Hardly mobile transactions. No different than sticking a chip to your shoe and waving your number 10's at the reader. While it is nice cheap spin it really isn't mobile, you need a reader plugged in somewhere for a start. I can understand Barclays wanting to leverage all that hardware and Chip and PIN infrastructure they shelled out for. I watch, w...
10 March 2009 /payments Innovation in Financial Services
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