3646 Results from /retail
Retired Member
I don't suppose there is ever any vandalism of bank ATM machines unless digging them out with a front end loader and driving off with them is counted as vandalism. The full range of potential for problems with biometrics is not really known, but we do know that a lot of people don't like the idea of biometrics. Sure there's the issue of false posit...
14 April 2008 /regulation /retail Information Security
Paul Penrose Head of Research at Finextra
How do you get senior management buy-in for a commitment to environmental sustainability and carbon neutrality? By hitting executives where it hurts – in the back pocket. That’s the approach that’s been taken by HSBC, where environmental sustainability objectives have been linked to bonus payments in the board room. The global banking giant has co...
11 April 2008 /retail /wholesale Going green
Ebay restrains Paypal competitors by banning other payments in it's march towards monopoly. Financial institutions should be concerned that Ebay/Paypal is entering the financial services sector without being required to adhere to the same laws as FIs. The playing field is no longer level when a major global payment player is able to ignore laws de...
10 April 2008 /payments /retail Whatever...
Alex Noble Account Director at McAfee
Not the best news from the Daily Telegraph and Finextra, but perhaps one of the first signs of the credit crunch hitting the call centres of UK financial services firms. I'd wondered in January this year if trends the call centre job market were a warning sign that things were getting much tougher ("Are Onshore call centre jobs always goo...
09 April 2008 /retail
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
Going by the events of the 10 days, it looks like Lady Subprime who has been grabbing all our attention has serious competition. The 'World Food Crisis' threatens to take us back to the basics and make us forget all about CDOs, Ninja loans, mortgage, etc. Many countries like India, China, Philippines, Thailand and most of Asia have taken extreme m...
09 April 2008 /regulation /retail
Organisations that are tempted to cut back on green PC initiatives as part of wider IT cost-cutting efforts may find themselves out of pocket in the near- to mid-term, according to Gartner. For most companies, being green actually saves money and alleviates some of the pressure on IT budgets, says the analyst house. Here at Finextra, we'll be exp...
08 April 2008 /retail /wholesale Going green
What's going on here then? Police Minister Urges Consumers To Look Out For Credit Card Fraud “There are potentially thousands of customers across all the major banks whose details have potentially ended up in the hands of criminals. — Media Release from David Campbell MP, Police Minister Urges Consumers To Look Out For Credit Card Fraud, 28th Marc...
08 April 2008 /security /retail Whatever...
Given the regulatory and reputational risk associated with the loss of personal customer data it beggars belief that a top tier bank can still think it's OK to despatch an unecrypted computer disc containing sensitive information on 370,000 of its customers by courier. HSBC's defence - that the disc was password protected and contained no bank acc...
08 April 2008 /security /retail
Botnets Enlarging, Again There must still be a few idiots opening those unsolicited emails. Apart from the facts that my wife would leave me if I took up all those 'enlarging' offers and I'm too honest to steal money from 'dead' African bank accounts, I just don't have the time to read them [I've just been 'told' what they're like]. On a personal ...
08 April 2008 /retail Innovation in Financial Services
It seems everyone is getting 'into' mobile transactions, mostly without thinking. Paymate India have introduced SMS based payments:; "Once you choose to pay via PayMate at any of the accredited merchants, all you have to share is your mobile number" [with everyone you are paying.....great idea NOT!]. It might seem funky giving your pho...
07 April 2008 /payments /retail Innovation in Financial Services
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