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Dean Procter

Archive for: May, 2008

Dean Procter - Transinteract - Sydney | 25/05/2008 | 3411 views

New transaction systems don't require bank consensus

In response to some questions on the Catalyst Code blog I thought I might make a few things clearer here, such why I see a real change coming faster than many may realise. The thrust of the comments was that it would take longer. The reasons proffered are in italics. These comments could probably be applied to most any new e-transaction system whi... Tags: Cards, PaymentsGroup: Innovation in Financial Services

Dean Procter - Transinteract - Sydney | 20/05/2008 | 1965 views

Experian service good for business, what about consumers?

I can only hope that a company which profits by selling data about consumers might have at least a thought for those consumers. Identity theft is a growing problem and these 'information' companies are a party to ID theft when a fraudster gets credit in another person's name as a result of a credit reference provider giving the real p... Group: Whatever...

Dean Procter - Transinteract - Sydney | 19/05/2008 | 3579 views

Green Location Bar and Padlock for Insecure Paypal

The latest window dressing rubbish from the 'security industry' has succumbed in less than three weeks. The green browser security bar carp has bit the dust already.These snake oil salesmen belong with the fraudsters. Paypal no less, you'd think with the amount of PR they spend telling us they're the safest, they could actually be h... Tags: Security, Online bankingGroup: Whatever...

Dean Procter - Transinteract - Sydney | 18/05/2008 | 3455 views | 2 comments

Interchange Battle - Superceded by Technology Innovation?

A few minutes in the lab can sometimes change the world. Transactions are going to change. Settlement and interchange will too.I can see how high interchange fees are more likely to encourage competitors in a market dominated by well established brands, and that lower interchange fees could theoretically discourage new entrants considering the infr... Tags: Cards, Retail bankingGroup: Innovation in Financial Services

Dean Procter - Transinteract - Sydney | 15/05/2008 | 3102 views

Telly-Teller ATM from IBM or a mobile in your pocket?

I think the telly-teller is a great initiative to cope with unexpected in-branch demand, but if banks misuse it there could be repercussions. I don't want sensory overload from an honour guard of beseeching screens flanking the path to the human at the branch. I had to think about how I feel during the branch experience and how I feel afterwa... Tags: Retail bankingGroup: Innovation in Financial Services