339 Results from 2011, /payments
Retired Member
Earlier this summer, a story appeared in the press about a new Israeli company, face.com, which claims to provide the ability to recognise a photograph of a face on the web, create an algorithm based on measurements and then use the data to search for other pictures of the same person on sites such as Flickr and Facebook. This seems to be a tremen...
01 November 2011 /payments Innovation in Financial Services
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
My stock trading account and the bank account to which it is linked are both held at the same bank which is a Top 3 private sector bank in India. Around five-six years ago, this bank changed all bank account numbers from 11 to 12 digits by adding a leading zero at the start of the old account number. Therefore, an old account number like 001 0400 ...
01 November 2011 /payments /retail
It has been some time since we last posted on mobile security standards (originally the topic surfaced when Global Platform started working with the GSMA and EMVCo) but many industry players have announced updates in recent weeks that are worth digesting. The rapid movement in this space brings us closer to a mobile ecosystem built on a set of secu...
31 October 2011 /payments
It was 1995 when I started to work with online banking.We created services like mobile banking in year 1997 for WAP based mobile banking with Post It Notes because there were no WAP phone in hand. Now I am thinking how we do banking in 2020. Share your visions, here is mine. - In 2020 there will be traditional lending banks and more advanced paym...
28 October 2011 /payments Payments strategies 2015-2020-2030
Olivier Berthier CEO at Moneythor
Just came back from the International Chamber of Commerce (ICC) Banking Commission meetings in Beijing. It was a great conference with excellent content and debates, from the rules making activities to the launch of new instruments like the Bank Payment Obligation to address the open account and supply chain finance space, from regulation with Bas...
28 October 2011 /payments /wholesale Financial Supply Chain
Dear Bank IT Manager, It is incredible how fast time passes. I think that the same week of my last post I sowed rocket seeds in my vegetable patch. Well, I still cannot eat the rocket but it is clearly visible in its row now and surrounded by spinach, cabbages and celery. Anyway, I would imagine that you are probably not very interested about this...
26 October 2011 /payments /regulation Finance 2.0
Pat Carroll Founder/Executive Chairman at ValidSoft
A clutch of recent news stories makes all too clear the opportunities and the challenges of the mobile payments revolution. First up, research from Barclays Corporate forecasts that m-commerce in the UK will increase from £1.3bn in 2011 to £19.3bn in 2021, or from 0.5% of total retail sales to nearly 5%. That is a huge opportunity, and as m-commer...
20 October 2011 /payments Innovation in Financial Services
Well they have arrived. After more than a year of discussion and debate the new requirements for Point to Point Encryption (P2PE) have finally been released by the PCI SSC. These requirements, which are contained in the Point to Point Encryption: Encryption, Decryption and Key Management within Secure Cryptographic Devices (Hardware/Hardware) v1....
18 October 2011 /security /payments Information Security
The EMV ball is starting to roll in the U.S., and the EMV specifications will affect all actors in the existing payment scheme – from issuers, acquirers, merchants to consumers. For issuers, this transition to cards that can perform EMV transactions can be segmented into three parts: enhancements to the back-office systems, enhancements to authori...
17 October 2011 /payments
This article explains the issues and challenges around traditional B to B trading processes, the limitation of ERP packages and how the internet as a cloud could make it possible to work together much more efficiently. Still reliance on paper processes Until today businesses have been sending trade information (orders, invoices, payments, etc) fro...
13 October 2011 /payments
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