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Trends in Financial Services

Archive for: March, 2008

Paul Penrose - Finextra - London | 31/03/2008 | 2833 views

PCI compliance fails to prevent Hannaford hacking

The Hannaford card security breach is a worrying development for the payment card industry. The exploit - which would appear to be an inside job - exposes weaknesses in the PCI compliance standards explicitly and expensively promoted by the card companies as a solution to restoring consumer confidence in payment card security.Unlike TJX, Hannaford ... Tags: Security, Payments

Paul Penrose - Finextra - London | 26/03/2008 | 2834 views

First contact for contactless payments

Sandwich chain EAT has become the first UK retailer to go live with an integrated contactless point of sale terminal. The upgraded Chip and PIN terminal has been installed at EAT’s Moorgate branch and enables the retailer to select the method of payment that customers want to use – either cash, Chip and PIN or contactless. Over the com... Tags: Cards, Retail banking

a non-active Finextra member | 18/03/2008 | 2121 views | 4 comments

Who's in your Wallet?

We face a real and present threat to our national security. This threat originates from both domestic and foreign sources. As an increasing number of countries move to adopt secure credit card transaction technology, eastern European cartels are turning their attention to the relatively unprotected US card transaction system. However more sinister ... Tags: Payments, Retail banking

Paul Penrose - Finextra - London | 17/03/2008 | 1454 views | 1 comment

In banking it pays to be disloyal

We know it costs more money to recruit a new customer than to cross-sell to an existing customer. We know also that a satisfied customer is a happy customer and good for some free word-of-mouth marketing to new prospects. So why is it that financial services companies continue to cheat and penalise their most loyal customers at any and every avail... Tags: Retail banking

Jonathan Rosenne - QSM Programming Ltd. - Tel Aviv | 08/03/2008 | 1566 views

Diebold

Diebold is one of the leading vendors of ATMs worldwide, and is now in the news:http://www.diebold.com/http://finance.yahoo.com/q/h?s=dbdWhatever the outcome of the current boardroom hassle, it is obvious that things had gone wrong and that the future management of Diebold, whoever they be, will have to reassess the company and its ways.From a qual... Tags: Security, Retail banking