95 Results from 2007, /payments
Retired Member
Finextra, in common with much of the financial press has covered the issue of bank charges in depth and because of the press coverage I conducted my own investigation this weekend and was surprised to discover that my bank, the Alliance & Leicester, has charged me over 1,500 pounds in the last 2 years for overdraft, bounced payments and intere...
19 March 2007 /payments /retail Trends in Financial Services
Paul Penrose Head of Research at Finextra
Shares in Lloyds TSB have firmed up on weekend reports that UK ATM network operator Link has emerged as the frontrunner to buy the bank's share registration arm. Link, backed by US buy-out firm Bain Capital, is leading a short list of about four trade and private-equity suitors for Lloyds TSB Registrars, according to this report in the Sunday Time...
19 March 2007 /payments /retail Finextra50 fintech index
Steve Ellis Founder at Finextra Research
Presumably these little guys were using the dine and dash payment free method.
16 March 2007 /payments
Chinese authorities have acted to curb the spread of virtual currencies into the real economy. The FT reports on a recent formal notice from the government and central bank effectively banning the use of virtual cash to pay for material goods and services in the real world. The edict was issued in response to the growing popularity of Q-coins, the...
08 March 2007 /payments /retail Futuristic Banking
Toy maker Hasbro is doing its bit to keep pace with the vogue for virtual currency. When it launches this summer, Hasbro's latest edition of the 60s board game, The Game of Life, will be the first in America to replace cash with a Visa-branded card as the preferred form of currency. A new electronic "LifePod" - which replaces the spin ...
08 March 2007 /payments /retail
Elton Cane Digital product delivery at News Corp Australia
Today's news saw an announcement that's likely to become more commonplace over the next two years: the merger of two European payment infrastructures. The merger of Voca and Link doesn’t fit as neatly with the European Commission’s vision as last year’s merger of Dutch payments body Interpay and Germany's Transaktionsinstitut to create Equens. The ...
06 March 2007 /payments SEPA and European Payments
Thanks to the Finextra folks for this opportunity to participate in the Finextra community. I will try to be provocative, and informative with my posts here, and looking forward to seeing where this goes. In general I blog about Banks and their progress, or lack of progress, in addressing the needs of their customers online. As the Finextra com...
02 March 2007 /payments
What's interesting about the DoCoMo mobile payment technology referenced in this recent story, and what differentiates it from many other m-payment initiatives operating elsewhere in the world, is that the Osaifu Keitai (literal translation = wallet cell phone) system acts like a contacless smart card, using Son'y FeLiCa technology. (Other Japane...
28 February 2007 /payments /retail Trends in Financial Services
I have read several articles in the financial press recently that so obviously regurgitate old press clippings. This laziness on the part of journalists leads to some regular and common inaccuracies, but none more so than the myth that abounds that SWIFT was ‘co-founded’ by Bessel Kok and a couple of friends! Why am I bothered you could ask, well...
28 February 2007 /payments /wholesale SWIFT Matters
John Cant Managing Director at MPI Europe Ltd
It seems appropriate to start blogging about UK Faster Payments (UKFP), the scheme to provide cheaper and easier "near real-time" via internet and phone banking, by a reference to the most recent APACS announcement. At face value it is reporting good news - the scheme is on track. However, there is the strong hint in the text that even t...
22 February 2007 /payments /retail UK Faster Payments
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