307 Results
Paul Penrose Head of Research at Finextra
Banking giant HSBC has been forced into an embarrassing u-turn over interest charges on graduate overdafts following a successful protest campaign on the Facebook social network organised by the National Union of Students. The rapidly proliferating campaign, called 'Stop the Great HSBC Graduate Rip-Off!', (see Finblog earlier this week), attracte...
30 August 2007 /retail Trends in Financial Services
Computer scientists at Harvard's School of Engineering and Applied Sciences, in collaboration with colleagues from the Netherlands, are using a novel peer-to-peer video sharing application to explore a model for electronic commerce that uses Internet bandwidth as a global currency. The researchers envision an e-commerce model that connects users ...
30 August 2007 /payments /retail Futuristic Banking
University graduates are furious at a decision by HSBC to charge interest on previously free overdrafts. UK broadsheet The Guardian reports on how thousands are now turning to Facebook in a 'viral campaign' against the bank The rapidly proliferating campaign, called 'Stop the Great HSBC Graduate Rip-Off!' has already brought in thousands of rec...
28 August 2007 /retail Trends in Financial Services
UK payments body Apacs published a PIN security advice guide for consumers late last week reminding cardholders of the continued threat from counterfeiters and shoulder surfers. Despite the introduction of Chip and PIN technology in the UK, card skimming and the subsequent use of cloned cards in overseas networks remains a lucrative business for t...
20 August 2007 /security /retail Futuristic Banking
Billed as the official place for all things PayPal, the online payments pioneer has opened a corporate blog with the following mission statement: "We created The PayPal Blog as a forum for PayPal employees to engage with you -- to connect you with the leaders of our company and capture their insights and opinions. Most importantly, we want to...
15 August 2007 /payments /retail Trends in Financial Services
Choosing a new name for a business venture is fraught with pratfalls. How will it translate in multiple languages? Will it offend anybody? What about the domain name rights? All the same, you have to wonder about the advice meted out to SWX Swiss Exchange and Deutsche Börse when they settled on the name 'Scoach' for their new joint venture structu...
14 August 2007 /wholesale Whatever...
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
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
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
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