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Innovation in Financial Services

Archive for: October, 2008

Nick Ogden - Voice Commerce Group - London | 28/10/2008 | 6176 views | 9 comments

POS fraud, E-Commerce challenges, Consumer confidence?

Following a report in The Telegraph earlier this month that described the international scale of what is known as a “supply chain attack” powered by Chip-and-PIN readers across the globe (http://www.telegraph.co.uk/news/newstopics/politics/lawandorder/3173346/Chip-and-pin-scam-has-netted-millions-from-British-shoppers.html), it does mak... Tags: Payments, Retail banking

Dean Procter - Transinteract - Sydney | 24/10/2008 | 2543 views | 1 comment

Mobile Payments and Balances - Not Banking For Now

It isn't hard to see why customers prefer to do their banking and bill-paying using a PC, rather than a mobile. Well it is hard to see, and that's the problem. Those tiny little mobile screens aren't in the race for the bigscreen financial view. Who would want to make a mistake or stress out about all those numbers? Why bother? The perception that ... Tags: Online banking, Payments

Dean Procter - Transinteract - Sydney | 23/10/2008 | 2767 views

Data Mining , Credit Ratings - Bank Tactics in Spotlight

A recent article in the New York Times has provoked some heated discussion as to the level of culpability banks and credit reference agencies share for the credit crash after it was revealed that they mined and marketed data and targeted sub-prime borrowers. Billions of mail solicitations for mortgages and refinancing, personal loans and credit car... Tags: Retail banking

Roger Elwell - Yes Please - Colchester | 21/10/2008 | 2547 views | 1 comment

Deliver My Statement In A Wheelbarrow

I'm just wondering what will happen to my bank statement when contactless takes off - assuming I use it. When I think about the large number of cash payments (30p here, 60-odd p there, a couple of quid on something else) that could be switched on to a contactless debit card, the paper bank statement I get each month could be impressive in size. I... Tags: Cards, Retail banking

Stanley Epstein - Citadel Advantage Ltd - Modiin | 10/10/2008 | 2143 views | 1 comment

Is this compensation?

Executive compensation is in the headlines again. And guess where? Nowhere else but than about executives at the failed Lehman Brothers. I see that the failed investment bank's CEO, Richard Fuld, has been giving evidence to U.S. congressional investigators on executive pay at the firm. And the amounts that are being bandied about are (as usual) sho...