4685 Results from /payments
Retired Member
Almost daily I seem to be faced with "fingerprint this", "eyeball that" and "pheromone the other" as a means of adding "security" to the card transaction process (I wasn't serious about the pheromones). Wouldn't it be neat if you could look the ATM in the eye and ask it for a tenner? I only have to lay my ...
19 March 2008 /payments
We face a real and present threat to our national security. This threat originates from both domestic and foreign sources. As an increasing number of countries move to adopt secure credit card transaction technology, eastern European cartels are turning their attention to the relatively unprotected US card transaction system. However more sinister...
18 March 2008 /payments /retail Trends in Financial Services
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
In one of my earlier blogs, I laid out the opportunity of mobile numbers being used as 'citizen ID' and enabling access to credit to the huge mass of unbanked citizens of the world. Well, I now go a step further - we need a 'Universal Declaration of Mobile Phone Rights'. I think it is about time the United Nations passed a resolution requiring eve...
18 March 2008 /payments /regulation
I can’t fault her for trying. I guess it seemed like a good idea and a bold step towards freedom from the bonds of 20th century banking. “She” is a member of my staff based in the USA; let’s call her Alice, ok so I changed the name to protect to innocent! After reading that the Harris Interactive study released last week and the subsequent fea...
17 March 2008 /payments /retail Innovation in Financial Services
Paul Penrose Head of Research at Finextra
When was your first Sibos? It’s one those perennial questions for veterans of the international fintech circuit. Swift’s first international banking and operations seminar took place in 1978, attracting 300 participants to Brussels. When the doors open for Sibos 2008 in Vienna, some 70000 visitors are expected to attend. As it happens, my first Si...
14 March 2008 /payments /wholesale Finextra@Sibos
Retailers are very pragmatic people. If something makes sense, works well and solves real problems, they’ll adopt it. Otherwise, no chance. While the banking community hypes up contactless cards and mobile payments, retailers in the US are saying something different. Evan Schuman of StorefrontBacktalk writes about the problems he ran into when he ...
14 March 2008 /payments SEPA and European Payments
APACS released the latest figures on UK Card fraud - http://www.apacs.org.uk/2007Fraudfiguresrelease.html It really shows how good criminals are in quickly exploiting 'systemic' loopholes. UK spent more than a billion pounds to implement chip and pin. Shows how truly globalized the criminals are! If ChipPin impedes my fraudulent activities in UK; ...
13 March 2008 /payments /regulation
OK, I know that’s a provocative title, but bear with me. My last post showed how printing targeted promotions at the bottom of POS receipts costs merchants a few cents per impression versus close to a dollar for traditional direct marketing campaigns. The customer checking out right now hasn’t been here in over a month? Print a special offer to e...
13 March 2008 /payments SEPA and European Payments
PIVAS – Payment Information Value Added Services: A platform that lets retailers deliver targeted promotions at the POS, via credit or debit card receipts (lots more here). A few of my prior blog posts provide some insight into the value of marketing rich payment services, mainly at a macro level. For example, there’s the Deloitte study that show...
11 March 2008 /payments SEPA and European Payments
Among the doom and gloom in capital markets across the world, the only stray streak of silver lining appears to be the impending IPO of Visa Inc. Much has been written by analysts on whether Visa can replicate the 'Priceless' act of MasterCard. Certainly, the success of the IPO will mean bring some much needed cash for the member banks. About 10 ...
10 March 2008 /payments /regulation
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