Elton Cane Digital product delivery at News Corp Australia
With the major blue-chip US banks all lined up for earnings announcement over the next week or so, there’s been a lot of doom and gloom predicted. JPMorgan Chase, Citi, Bank of America and others are apparently facing further asset write downs, losses in consumer credit and mortgages, and shrinking income from investment banking, both fee-based – ...
14 July 2008 /payments Financial Supply Chain
The UK daily newspapers and newswires are today picking up on an ongoing case in the US involving system breaches, thousands of stolen PIN numbers, card cloning and money laundering. We've been following this on The Wired Blog Network for a few weeks now - most recent post here. The main case involves Citibank branded ATMs in 7-11 convenience sto...
03 July 2008 /security /retail Information Security
If you're in the payments business in Europe and didn't attend EBAday 2008 in Helsinki last week, you definitely missed out. For networking opportunities between banks, corporates and suppliers, and for identifying obstacles and driving progress in e-payments and the Sepa vision, the event is unrivalled. But if you didn't make it, all is not lost....
30 June 2008 /payments EBAday
Well, not quite. But at EBAday in Helsinki there have been many calls for a mandatory end date for Sepa implementation - for a fixed date beyond which legacy national payment products within the eurozone will no longer be supported. December 2010 was the initial target date set when the Sepa plans were first being formulated by the industry, but t...
26 June 2008 /payments EBAday
After the opening afternoon of the EBAday 2008 payments conference and exhibition, some themes are already emerging. Euro Banking Association chairman Hansjoerg Nymphius opened the conference by reminding attendees that a new era of European payments had begun with the introduction of Sepa credit transfers in January. While it might seem like a sm...
25 June 2008 /payments EBAday
At a roundtable discussion this morning before the kick-off of the EBAday payments conference and exhibition, we had an interesting discussion on the topic of payments convergence - from ACH-card network linkages to retail consumers' expectation of simple, fast and convenient payment initiation regardless of what route a payment takes through a ba...
We arrived late yesterday in Helsinki in advance of tomorrow's start of the annual EBAday conference and exhibition to find an impressive sight - the 115 metre long Pelorus, the world's 12th largest private yacht, moored right next to the conference venue at Katajanokka Quay. Formerly the property of Chelsea FC owner and Russian oil oligarch Roma...
24 June 2008 /payments EBAday
As Barclays reports plans for new share issuance, and talk circulates about possible investment from a sovereign wealth fund or Japan's Sumitomo to help shore up the bank after it reported fresh write-downs last month, I heard today of a new, smaller-scale capital raising initiative. An IT vendor who has been recently moved onto the Barclays accou...
20 June 2008 /wholesale
White-badged visitors wander the rabbit warren of interconnected halls linked by escalators and corridors. From their designated areas, eagle-eyed sales people call out people’s names from their name badges as they walk past, fishing for leads. Casually dressed technologists (and probably the odd student) stop at each stand harvesting trade show ta...
12 June 2008 /regulation Information Security
Real-time event coverage and expansion plans in the US: It's the Sifma Technology Management Conference in New York next week (as of writing). Maybe it's just me being pedantic, but it's always kind of bugged me that this huge exhibition/small conference event is usually referred to in the fintech space as "the Sifma show", or just &quo...
06 June 2008 /wholesale
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