4813 Results from /payments
Paul Penrose Head of Research at Finextra
The Hannaford card security breach is a worrying development for the payment card industry. The exploit - which would appear to be an inside job - exposes weaknesses in the PCI compliance standards explicitly and expensively promoted by the card companies as a solution to restoring consumer confidence in payment card security. Unlike TJX, Hannafor...
31 March 2008 /security /payments Trends in Financial Services
From the public filings of the US Federal Communications Commission - a mobile phone manufactured by Mobicom but branded by Citibank. The phone has no numeric keypad but instead uses basic navigation buttons to interact with onscreen menus. Features include an MP3 player, speakerphone, PIN entry and NFC technology for making credit card payments....
31 March 2008 /payments /retail Futuristic Banking
Retired Member
The action's heating up. This is going to be interesting to see how it shapes up and the impact it starts having on payment mechanisms here. Is there anyone who's a part of Obopay or any of their 'partner' banks and telcos who's part of this community? If so do write in cos I'd like to touch base and understand and perhaps contribute to this movem...
31 March 2008 /payments
The Binghamton NY Water Department could have stymied the individual's attempt to short-circuit the payment of his bill (and get some publicity along the way) if they were hooked up to their bank via a remote capture connection. In the US, remote capture of this kind could take advantage of Check-21, whereby a paper check (in this case, a check o...
28 March 2008 /payments /retail
The European Retail Round Table has warmly welcomed the announcement of the European Commission that it is opening competition proceedings against Visa in relation to its multilateral interchange fees (MIF) for cross-border point of sale transactions. The lobby group, which represents 15 of Europe's largest retailers, is urging the Commission to t...
26 March 2008 /payments EBAday
Google has been offering free payment processing to Internet merchants since they launched Google Checkout almost two years ago. Merchants get free credit and debit card processing when they also use Google Adwords, a direct marketing service that displays paying advertiser’s names alongside search results. Could a marketing subsidized payment pro...
26 March 2008 /payments /retail SEPA and European Payments
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
Chartered Management Institute - UK has released an engrossing report on the what the workplace/ organisation will look like in 10 years. You can download the report and 'accessories' from; http://www.managers.org.uk/client_files/user_files/Milburn_21/Management%20Futures%20Report%20Final.pdf The report called 'Management Futures' outlines how ou...
24 March 2008 /payments /regulation
John Cant Managing Director at MPI Europe Ltd
My previous blog on Faster Payments posed the question whether some/all UK banks were seeing Faster Payments as an opportunity or sideshow? Still an open question I believe. So it was interesting to see an article quoting Paul Taylor - Head of International Market Development at Vocalink - promoting the wider application of the base infrastructur...
20 March 2008 /payments UK Faster Payments
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
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