3646 Results from /retail
Retired Member
Our original True Medal Tally version one posted late last week generated some amusing remarks about the race for the wooden spoon once you allow for per capita productivity. But the Aussies have taken some Olympic revenge by moving into the lead over Great Britain. For the latest top 10 list of the True Medal Tally at the close of day 10 in Beij...
18 August 2008 /retail Innovation in Financial Services
I see the Absa move as being a smart one, except for the methodology, but we'll see how they go. I have been suggesting it for a while and it's nice to see I have been beaten to the punch by Absa. I can only assume they are one step away from ditching cards altogether. Good work.
15 August 2008 /retail Innovation in Financial Services
A Ohio man who "doesn't trust paper money" hauled $8000 in coins down to his local car dealership to pay for a new Chevrolet truck. According to local reports, James Jones, 70, produced 16 coffee cans full of dimes, quarters, half-dollars and dollar coins to buy his new pickup truck. But his coins only covered half of the $16,000 price ...
14 August 2008 /retail
Elton Cane Digital product delivery at News Corp Australia
After news earlier this month that National Australia Bank had recruited Oracle to manage the roll out of the first phase of a A$1 billion overhaul of its core banking operations, it's not surprising that I-flex, majority owned by Oracle, will be providing the new core banking system. However, The Economic Times in India reported some more detail...
14 August 2008 /retail /wholesale Asia Financial Services
Wouldn't it just be easier to prevent the ID theft in the first place or is ID theft profitable for credit bureaus? It seems hardly likely. Prevention - not joint mopping up, it doesn't prevent the trauma and inconvenience. Hold hands and mop up, mopping up an endless mess? Whoopee. Maybe you can jointly form a separate 'mop brigade' and spin it o...
13 August 2008 /retail Whatever...
Reports have surfaced that HSBC is considering adopting Apple's iPhone as its "official corporate mobile device" and ditching Research in Motion's Blackberry system. Brenton Hush, chief information officer at HSBC's Australia and New Zealand division, told reporters that the group is considering rolling out the iPhone to a potential &quo...
13 August 2008 /retail /wholesale
According to ChinaDaily, as of the end of last year, lenders in China had issued 1.5 billion bank cards, including debit cards, credit cards and quasi-credit cards. Of the huge sum, active cards, which were used at least once every month, were only about 80 million, less than 10 percent of the total. These figures come from China UnionPay, the nat...
08 August 2008 /payments /retail Asia Financial Services
The methodology let everyone down here. -'However, in this case fraud monitoring systems picked up the activity and the cards were blocked, meaning a "major fraud problem" was avoided, says the IPSO.'- They may have avoided a 'major fraud problem', but I'd suggest that they now have a 'major pain in the customer problem' and perhaps a lit...
08 August 2008 /retail Information Security
While banks might be cutting rates for IT contractors - see Navjeet's blog post from last month, and the Barclays announcement yesterday - it seems quite a few vendors are still doing well. For core banking system vendors in particular, there has been a spate of good financial results. In its quarterly announcement today Temenos net income wa...
30 July 2008 /retail /wholesale Finextra50 fintech index
Paul Penrose Head of Research at Finextra
Words of wisdom from President George W Bush on the financial malaise gripping the world economy and the sub-prime mortgage crisis, captured surreptitiously on video at a private event and posted on YouTube. More hilarity - only this time of the genuinely funny kind rather than hysterical - from the Daily Show with Jon Stewart, comparing and cont...
23 July 2008 /retail /wholesale Video extravaganza
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