3643 Results from /retail
Paul Penrose Head of Research at Finextra
From the Sydney Morning Herald: 'The biggest bank in the virtual world of Second Life has closed its doors after a run on its deposits, putting at risk hundred of thousands of real dollars of savings and investments.' The 'bank' in question, Ginko Financial, yesterday stopped accepting deposits, froze all withdrawals and converted account holders'...
10 August 2007 /retail /wholesale Futuristic Banking
Elton Cane Digital product delivery at News Corp Australia
Apparently sighted in Russia, with photo appearing on the EnglishRussia.com blog, this ATM has stopped working and displays a warning that the copy of Windows needs activation. Now this doesn't necessarily mean the bank in question (VTB) is running unlicensed operating systems on its ATMs, though that could be the case. Its more likely, though, tha...
01 August 2007 /retail Futuristic Banking
Retired Member
The UK retail banking industry has always been a fraud when it comes to technology; it invests heavily to keep up with its savvier, more glamorous counterparts like retail and entertainment. But while it's busy playing buzzword bingo (website, tick. CRM database, tick. BI system, tick.) its customers are still not getting what they need: a simple ...
23 July 2007 /retail
You queue and queue. You enter your PIN. You have an overwhelming urge to wash your hands in bleach - the thing's filthy. You choose the cash option (no receipt since you're eco-friendly). You choose an amount from the menu and wait. At this point it says "You can't have that amount - only 20 pound notes available". Would it have been SO ...
16 July 2007 /retail
UK insurance group Admiral has ended talks with private equity investors about the sale of a stake in its price comparison Website confused.com. Admiral says the potential suitors put a valuation on the business of up to £650 million. This compares to the roughly £1 billion valuation of rival site moneysupermarket.com ahead of its forthcoming IPO....
13 July 2007 /retail Trends in Financial Services
Kohlberg Kravis Roberts has tapped Michael Capellas to take over as CEO of First Data when its $7 billion buy out goes through later this year. Capellas made his name as a corporate turnaround artist, first at Compaq and then at MCI. On both occassions he served a short stint in the top seat, savaged costs and sold on the companies for a hefty fee...
12 July 2007 /payments /retail Finextra50 fintech index
Matt White North America editor at Finextra
I heard something pretty shocking today from the head of CRM at Turkish bank Garanti. Apparently if you go into one of their branches you have to swipe your bank card before receiving a ticket and waiting to be called. Fair enough you may say – if it’s good enough for supermarket cheese counters why not banks? But not all tickets are equal - there ...
10 July 2007 /retail
As the main UK payments body, Apacs forecasts payment trends, conducts market research and collates industry statistics. Publications such as ‘The way we pay: UK plastic cards 2007’, come with a £250 price tag and bring together information on how many cards we have and what we spend our money on, both in the high street and online. If you want...
06 July 2007 /payments /retail EBAday
Fidelity National Information Services has disclosed an embarrassing instance of data theft by an employee of its Certegy payments processing subsidiary. The misappropriated information included names, addresses, and telephone numbers as well as, in many cases, dates of birth and bank account or credit card information. Approximately 2.3 million re...
03 July 2007 /security /retail
Interesting to see banks jumping on the green bandwagon. Some have been displaying their green credentials for some years, such as Smile. Have a Google for Smile poo pyramid and you should find this page about Smile's HQ being powered entirely by digested sewage. Confusingly the power plant is in Bournemouth and their building is in Stockport...
29 June 2007 /retail Going green
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