4685 Results from /payments
Retired Member
It comes as no big surprise to me that Monitise are making further losses. With a business model that charges customers for transactions that they can get for free from many other channels, 20p for a balance enquiry, it’s no wonder that the consumers are staying away in their droves. Today the technology is ready, but it’s not moving towards appli...
12 February 2008 /payments
Gary Wright Analyst at BISS Research
SWIFT is nearly always part of a discussion when industry wide STP is the topic, but does it deserve this high status? It maybe almost sacrilegious to question SWIFT, but with the 21st Century well underway and umpteen changes hitting financial services, it is worth examining what future SWIFT has going forward. There is no doubt, about the value ...
08 February 2008 /payments
The primary objective of any payment system is to enable the circulation of funds. Without a robust infrastructure enabling smooth flow of funds, none of the financial institutions can assume the role of a financial intermediary in the economy. Payment systems have encountered many challenges and are constantly adapting to the rapidly changing pay...
07 February 2008 /payments Innovation in Financial Services
Paul Penrose Head of Research at Finextra
After recovering from the round of spontaneous street parties and celebrations that marked the introduction of the Single Euro Payments Area last month, my old mucker Dave Birch decided to try out the brave new world of frictionless money transfer in person. Sadly, however, Dave’s attempts to initiate a Sepa credit transfer to friends in the Nethe...
06 February 2008 /payments /retail EBAday
This Symantec warning shows how banks are still open to man-in-the-middle attacks, as fraudsters constantly look for new ways to break in. However, there are solutions available to protect online banking users against these types of attacks. CAP (Chip Authentication Programme) devices can be used to secure not only the individual but also the tran...
25 January 2008 /payments Online Banking
Alan Goodrich Regional Sales Manager at ERI
Yesterday evening I enjoyed a lively debate on "Mobile Telephony and the Supply Chain" at the Financial Services Club Supply Chain Forum... good company, wine and food... but left with the nagging feeling that we had somehow missed the point in our discussions... Much of he discussion revolved around mobile payments and the mobile phone /...
18 January 2008 /payments Financial Supply Chain
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
Our new world of Web 2.0 promises to leave you with less guilt pangs in life. I got this feeling earlier this week when I received an invitation to sign up to www.bet2give.com . The tagline is "a real-money market where all the winnings are donated to non-profit organizations chosen by the winners. It covers a wide array of topics, from U.S....
12 January 2008 /payments /regulation
Some recent headlines from the past month: Barclays chairman loses £10,000 in ID fraud scam Halifax facing Chip and PIN fraud lawsuit Dutch cops arrest 14 ABN Amro customers as phishing mules Phishing losses hit $3.2. billion in 2007 – Gartner Barclays faces protest over clunky PINSentry authentication Question: Are banks losing the plot – and the ...
11 January 2008 /security /payments Trends in Financial Services
A lot is riding on the little piece of technology we have in our pockets. Besides the telecoms companies and handset manufacturers the most recent industries to stake their future on the 3ounce (85g) electronic gadget are Banks and the Music Industry. Both see the mobile device as the key to a rich and rewarding future. Google and Apple have wade...
03 January 2008 /payments Trends in Financial Services
We’ve seen plenty of posts on this community that play with the idea of virtual currencies, the eradication of paper-based cheques and the ultimate demise of hard cash. The emergence of a truly digital economy has been a favourite topic of commentators and futurists since the first stirrings of business interest in the Internet in the mid-1990s. ...
02 January 2008 /payments /retail Trends in Financial Services
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