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Innovation in Financial Services

Archive for: June, 2008

Dean Procter - Transinteract - Sydney | 18/06/2008 | 2226 views | 1 comment

Spare a thought for the waiters with mobile money

I'd just like to let the waiters and waitresses of the world know that we have thought of them with our mobile solution for transactions. Hospitality staff are all very important to both commerce and personal business, and we'd like to show our appreciation.We have designed a payment system which allows for tips and gratuities and they can ... Tags: Payments

Dean Procter - Transinteract - Sydney | 17/06/2008 | 2528 views | 1 comment

The future of financial services?

I digress and had to get back to my own blog and have posted a response to Jean-Philippe.We obviously look at things from different viewpoints, and you make a good point, yes, nothing is 'free', however the cost of mobile transactions have the potential to be significantly lower than present credit or debit card networks currently levied o... Tags: Payments, Retail banking

Dean Procter - Transinteract - Sydney | 17/06/2008 | 3048 views | 1 comment

Consumers may give fingerprints the finger

I know I'm a promoter of mobile payments, but really I'm just a promoter of doing it easier and safer. I am not keen on fingerprint scanners, they are not easier or safer. Fingerprints are not really useful for primary ID. It simply takes too long to get a match on a print. The problem is that comparing pictures of fingerprints with pictur... Tags: Payments, Retail banking

Dean Procter - Transinteract - Sydney | 12/06/2008 | 2410 views | 1 comment

Fraudsters must love the flawed card system

They aren't even really fraudsters in the old-fashioned sense of the word, more like FLAWDSTERS. Yet another flaw uncovered in the card based transaction system? Why am I not surprised? Here's a deal for you, I'll prevent it all (for all UK banks) and even the card present fraud for the token sum of £145 million and I'll inde... Tags: Cards, Payments

Dean Procter - Transinteract - Sydney | 07/06/2008 | 2013 views

No surprise on interchange pressure

The recent moves by legislators on both sides of the Atlantic to rein in interchange fees is no surprise though the companies involved may continue to ignore the writing on the wall, those fees and margins will eventually be cut, one way or the other. Look out for some movement in the ranks of legislators on the other side of the Pacific next. As ... Tags: Cards, Payments