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Some of the best minds in business are gathered at the London Business Design Centre today to witness cutting-edge financial and banking technology innovations at Finovate 2011. Chris Skinner kicked o...
The Federal Reserve Bank of Atlanta recent report on the risks of mobile payment transfers, highlights the numerous security issues that must be addressed in order for widespread adoption in develope...
There’s been a lot of talk recently about the idea of ‘cashless society’ and numerous journalists seem to be jumping on the bandwagon in a bid to write a colourful story. This usually involves testing...
The EU’s 2009 e-money Directive aimed to enable the design of new, innovative and secure electronic money services. In some ways Europe has come a long way in this area: use of credit and debit cards...
It’s hard to believe just how revolutionary the mobile phone was when it first entered the market in 1973. Back then, the mobile phone resembled a house phone; it was heavy, bulky, not particularly er...
Microsoft’s fake bank scam is representative of a growing industry issue: identity fraud is on the increase and there is currently no linked up thinking or process in place to deal with it. This exa...
The latest version of the EU eMoney directive comes into force in April 2011. Having attended the World Roundtable on Electronic Money Management, hosted by the Malaysian Central Bank, Bank Negara in ...
As if volcanic ash and BA air strikes weren’t enough to contend with I thought I would share a little ditty from my recent travels in the US. Absolutely nothing to do with finance, rather a bit of lig...
It was reported by the BBC last week that credit card is now the most common type of fraud. The report revealed that while overall crime across the UK and Wales is down, or at least stable, credit ca...
It comes as no surprise that the Payments Council has again articulated the demise of cash in their latest report with usage rising just 7 per cent over ten years, while total spending has doubled. T...
It’s hard to ignore – card fraud in the UK is a significant burden, still running at over £440 million according to the latest figures from the UK Payments Association. Not surprisingly the nature of...
The latest stats on UK fraud from the UK Cards Association provide some interesting food for thought and it is of course excellent to see that UK credit and debit card fraud fell by 28 percent in 2009...