1205 Results from 2008
Uri Rivner CEO and Co-Founder at Refine Intelligence
In light of the festive season I decided not to post anything about new threats and emerging headaches. Instead, I decided to shed some light on the work of the good guys. To the good guys! The post below is based on true events. * * * It was early afternoon time at the large, aquarium-shaped room. The set of huge LCD screens at the front of the Co...
16 December 2008 /security Online Banking
Retired Member
I've never received a letter quite like the one I received, over the weekend, from one of my credit card providers. It started with the sentence "Please sign and return the attached application form today to be entitled to a copy of your personal Credit Report." No point in beating about the bush, I guess. None of the flowery rhubarb y...
16 December 2008 /regulation /retail Transaction Banking
Toys R US' comments made me laugh. If police found that the skimming device was used to save PIN and card numbers (meaning that Toys R Us accepts pin authenticated card transactions), then why would Toys R US comment that it wants to see CHIP and PIN introduced in Sweden? So that there will be more standalone terminals requiring PIN and deliver mo...
16 December 2008 /security Transaction Fraud Systems and Analysis
The US is introducing new rules that will require credit card issuers to introduce regulatory changes affording greater protection for cardholders. We can anticipate a similar approach to be mandated globally. “And not before time!” cry the members of the public. “The banks have been exploiting us for years. They suck us in with low interest balan...
16 December 2008
Despite chip and pin and its promise to secure card transactions, what makes the PEN still mightier than the PIN? The answer has something to do with interchange fees and security (zero liability for cardholders). Banks earn more when their cardholders use their cards with the PEN (signature) or when their cardholders use their debit cards as credi...
15 December 2008 /security Business Knowledge for IT
UK residents couldn't have possibly missed the furore about "Strictly Come Dancing" on Saturday - either as viewers of the programme or as observers of the news media subsequently. The events that have played out, and are still playing through, are a great advert for what happens when you don't think things through properly. There were ...
15 December 2008 /retail Transaction Banking
"It’s a proprietary strategy, I can’t go into great detail." This was the answer that Mr. Madoff, the former chairman of Nasdaq, gave when asked a few years ago how he was able to give such steady returns. He has now been arrested and he’s admitted that his hedge fund was one big Ponzi scheme. This would have been the same answer that yo
15 December 2008
Seadragon is some nifty image manipulation stuff from the talented boffins at Microsoft Live Labs. It allows you to zoom in on images - and keep going. You have to try it to get it - but it's impressive. And now it's available on the iPhone - as yet the only phone with the graphics oomph and interface to support it. More here. You could use it t...
Richard Barr Principal Associate at Citadel Advantage Ltd.
I just had a friend phone me to tell me that after almost 12 years at the same firm, he's being laid off. I had another friend phone me yesterday to tell me how horrible his job is now. A couple weeks ago, the British newspapers screamed about 20,000 financial industry jobs evaporating overnight. But does this mean that all is gloom & doom? We...
15 December 2008 /payments /regulation
My private banker's report came in today, his bank's view is very bearish. Finally coming into line with my feeling for nearly 12 months. Probably the most surprising though is the talk of deflation being a real risk, particularly in the UK. I have suspected this but not so soon. Is it getting worse faster than even the bears expected? I think so. ...
15 December 2008 Finance 2.0
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.