273 Results from 2015, /payments
Keith Stanton International Product Manager (Fraud & Risk) at FIS
Earlier this year, the European ATM Security Team (EAST) reported on a criminal gang that had been apprehended, who were known to use "Ghost Terminals"; a standard point of Sale (POS) terminal that had been modified to harvest card data (link to the article is here). With this particular incident these terminals were utilised in Taxi's,...
09 October 2015 /payments /regulation
Retired Member
The objective of this 3 part series is to examine in brief the barriers and motivators for the key players in India’s (the author believes it has elements that can stand true for any economy that intends to go cashless) Journey towards a cashless society. In part 1 and 2 can be read at Finextra Blogs. Business (Issuers/Acquirers): The estimates...
08 October 2015 /payments Payments strategies 2015-2020-2030
Steve Cook Digital Identity & Biometrics Consultant
The biometrics age is upon us. A future sci-fi world of disappearing passwords, the internet of things and the unique human characteristics of our body parts to verify who we are is now actually a reality! No more so than in authenticating mobile payments. According to a recent study produced by Goode Intelligence, over $5.6 trillion dollars of ...
08 October 2015 /payments
The retail industry and the customer check-out process has evolved a lot since the birth of the industry. For a very long time “retail” was mostly confined to bartering and then market stalls, before evolving into fixed location shops and over-the-counter check-out processes. If we fast forward to the late twentieth century the industrial revoluti...
06 October 2015 /payments
Jeremy Light Co-founder at Fourdotzero
Sibos 2015 is almost here, and Singapore beckons. Key themes I expect to dominate Sibos are real-time, or immediate payments, PSD2 for the European banks and distributed consensus ledgers, particularly for cross-border payments solutions. Immediate payments are a big theme in Europe and the USA, with Australia in the middle of a programme, run by S...
Prasenjit Das Senior Director at Virtusa
Apple did pick up a big compartment within the financial services industry that can be potentially revolutionized by a tech innovation almost a year ago when it launched the Apple Pay. At the event Chief Executive Officer Tim Cook sounded quite collaborative when he described that the magnetic stripe card payment process as broken for its reliance...
05 October 2015 /payments
Paul Hampton Security Expert at Thales
The use of online banking and shopping has grown significantly, but so too has the number of security threats targeting such services. According to the latest Breach Level Index report, 888 data breaches occurred during the first half of 2015 alone, compromising 246 million records worldwide. However, while cash and card payments are still the mo...
01 October 2015 /security /payments
The US is, supposedly, moving to chip cards today (EMV technology), away from all the unsecured magnetic-stripe cards...well, sort of. The facts are that US Issuers have barely replaced all the magnetic stripe cards in circulation, the payment processors are not ready, the merchants don't have EMV readers (and don't seem overly concerned) and card...
01 October 2015 /payments
The big guns – Apple, Samsung and Google – are dominating the mobile payments news cycle now that their respective ‘Pay’ platforms threaten to disintermediate the world’s banks. They won’t have it all their own way, though; banks are responding with their own platforms. But is it too little, too late? Sirpa Nordlund, Executive Director of Mobey Fo...
30 September 2015 /payments
The objective of this 3 part series is to examine in brief the barriers and motivators for the key players in a Journey towards a cashless society. In part 1 the role of retailer in this journey was shared and can be checked at part 1 in blogs section @ Finextra. Consumer : Cash “The King” the acceptance ubiquity makes it the first and foremost ...
29 September 2015 /payments Payments strategies 2015-2020-2030
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