3821 Results from /retail
Retired Member
NAB has made the first move to remove overdraw fees from personal accounts. Fees as high as $33.00 are charged for overdrawn accounts. In what I think has been tantamount to theft, banks have been charging customers the overdraw fee for attempting to withdraw even $1 more than their balance. High balance enquiry fees especially at ATM's not owned ...
29 July 2009 /retail Whatever...
Gary Wright Analyst at BISS Research
I have written before about EMXCo the messaging system for Unitised Funds owned by Euroclear and how they continue to add new important institutions and intermediaries onto their system. It has just been announced that Legal & General (L & G) are making all their funds available over the network.This is really great news for the funds indu...
28 July 2009 /retail MiFID
Alex Noble Account Director at McAfee
Never one to post only on up to the minute stories, the blog was quite interested in the Finextra report a fortnight ago on "man in the middle" fraud in call centres. I just haven't had a chance to write on it until now. Traditionally, man in the middle fraud has been more associated more with the web channel than the telephone channel...
27 July 2009 /security /retail
Matt White North America editor at Finextra
Here at Finextra we often cover clever, tech-driven scams dreamt up by criminals looking to part people from their money. Sometimes though, the simpler a plan the better, as a gang of crooks in Uganda has demonstrated. The group set up a bank, Visa Finance, in the town of Malaba on the Kenyan border. They rented an office and began advertising on l...
24 July 2009 /retail
News Flash: "US Forest Service Study Determines - Bears ARE Dangerous" "U of M Survey Confirms - Employees Would Be Happy With Shorter Work Hours at the Same Pay" "Department of Transportation Study Confirms for the 1,432nd Time - Seat Belts Save Lives" I love Gartner, truly. Gartner, Forrester and the other research f...
24 July 2009 /retail Transaction Banking
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Always one to beat a dead cause célèbre, I thought I call around a few marketers at high street banks to see what they thought of the recent analyst report from Morgan Stanley. The one that listed the media tastes of teenagers, written by a 15 year old intern. The item in the report that most intrigued (and frankly didn't surprise) us was the state...
24 July 2009 /retail Social Banks
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
I wrote this blog post back in 2007 and keep coming back to the theme rather often. As said there - business should morally embrace the need for regulation - it cannot be avoided - be it the environment, health business, financial engineering etc.Resisting it is a sure way for making it worse - joining forces with the democratic institutions give...
22 July 2009 /retail
Paul Penrose Head of Research at Finextra
Mint's online lifestyle mag does its bit to remind us all how deep in the mire we are with the snazzy 'One Trillion Dollars Visualised' animation. In layman's terms, that one trillion dollars would buy you a $3 latte every day for 900 million years. And that's only one-tenth of the current bail-out. Time to wake up and smell the coffee, people.
22 July 2009 /retail /wholesale Video extravaganza
As I've been circulating through a number of conversations with banks, financial services technology providers and colleagues in every conceivable sub-branch of the banking family tree these past few weeks, I continue to be both amused and disappointed by the gap between business expectations and technological realities faced in the money-moving i...
20 July 2009 /regulation /retail Transaction Banking
Alistair Kelman barrister and forensic computing expert at Self employed
Dear Mr Wolf, In your piece "Adapting to Britain’s mediocre prospects -Published: July 16 2009 20:16" you say "...It must start by making finance safer. The simple and painful truth is that another such financial shock might even bankrupt the British state. No industry can be allowed to impose such costs – comparable, in fiscal ter...
19 July 2009 /retail
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