278 Results from 2008, /retail
Paul Penrose Head of Research at Finextra
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
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
The below mentioned piece of wisdom arrived in my inbox yesterday. Appears to be one of the many profound pieces of wisdom on the subprime mess. It makes good reading; although can't decipher how to give credit to the originator of this masterpiece. ----------------------------------------------------------------------------- HOW THE CDO MARKET WO...
31 March 2008 /regulation /retail
Retired Member
In the search for ways to lower your institution's carbon footprint - mobile phone transactions and mobile ID verifications are a winner. Your customers already have a mobile and they are being purchased and swtched on whether or not you let your customers use them for ID verification and transactions. Some of the energy and resource savings delive...
31 March 2008 /retail Going green
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
Sandwich chain EAT has become the first UK retailer to go live with an integrated contactless point of sale terminal. The upgraded Chip and PIN terminal has been installed at EAT’s Moorgate branch and enables the retailer to select the method of payment that customers want to use – either cash, Chip and PIN or contactless. Over the coming weeks, ...
26 March 2008 /retail Trends in Financial Services
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
Alex Noble Account Director at McAfee
Interesting news last week from Ofcom, the UK communications regulator. Back in 2007, Ofcom began investigation into Abbey National making 'silent calls' to customers and issued a formal notification in November. Last week, Ofcom ruled that Abbey had breached the rules on outbound calls and fined them £30,000. The announcement is here. For thos...
25 March 2008 /retail
It's a safe bet that Jamie Dimon, JPMorgan's chief executive won't be losing too much sleep after legal snags and investor opposition forced the firm to quintruple it's offer for Bear Stearns from the bargain-basement price of $2 per share to a slightly more palatable $10 per share. Yes, it is a bit of a climb-down, but for his $1.2 billion outla...
25 March 2008 /retail /wholesale Finextra50 fintech index
Unsettling events on the UK front at the moment with rumours flying everywhere. There are risks certainly, but there is no doubt a little of that 'I hope it doesn't happen to me" (so much that I'd rather believe that it's happening to someone else) syndrome going on globaly. It's time to stay calm and stick together. We've developed a globa...
22 March 2008 /retail /wholesale Whatever...
Misys boss Mike Lawrie and largest shareholder ValueAct Capital seemed to be onto a winner when they announced a deal earlier this week to spin off the company’s ailing healthcare business and merge it with rival Allscripts. News of the deal – accompanied by an upbeat interim statement from the banking division – lifted Misys’ share price by 20% f...
20 March 2008 /retail /wholesale Finextra50 fintech index
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