Archive for: September, 2007
Paul Penrose - Finextra - London | 26/09/2007 | 4406 views
Bank of America customers are the targets of a new phishing scam which uses the Verified by Visa anti-fraud programme as the bait to lure victims. “Your Bank of America card has been automatically enrolled in the Verified by Visa program,” one version of the email says. “To ensure your Visa card's security, it is important t...
Tags: Cards, SecurityGroup: Trends in Financial Services
Paul Penrose - Finextra - London | 24/09/2007 | 3406 views
That's the opinion of Ted Leonsis, chairman of RevolutionMoney, describing the new RevolutionCard, which was released in the US today. The PIN-protected card offers a line of credit, $15,000 top-up capacity, ID-theft protection and interest rates pegged to the card holder's credit rating. It also promises to significantly undercut the hated...
Tags: Payments, Retail bankingGroup: Trends in Financial Services
Paul Penrose - Finextra - London | 18/09/2007 | 3251 views
An interesting working paper from the Federal Reserve Board of Philadelphia which suggests that disputes over Intellectual Property rights pose a risk to the development of the Single Euro Payments Area (Sepa) and subsequent innovations in banking and retail payment media in Europe. The authors argue that the lack of a proper intellectual propert...
Tags: Payments, Retail bankingGroup: Finextra@Sibos
Paul Penrose - Finextra - London | 14/09/2007 | 3074 views
The credit crunch may be bad news for traditional banks, but the new breed of peer-to-peer lending operators are viewing the current liquidity crisis as a clear opportunity to take on more business. With traditional lenders tightening their loan criteria and dispensing with special introductory credit card rate offers and home equity loan options, ...
Tags: Online banking, Retail bankingGroup: Trends in Financial Services
More blog posts
Paul Penrose - Finextra - London | 12/09/2007 | 2404 views
"The big lesson of the subprime crisis: that it's a mistake to lend money to poor people.""Rich people know how to invest extra money. Poor people just squander it on necessities. That's why capitalism works so well: it keeps money out of the hands of people who don't know how to use it and directs it to people who know h...
Tags: Risk & regulation, Wholesale bankingGroup: Whatever...
07 Sep, 2007
Paul Penrose - Finextra - London 2872 views
Tags: Dealing rooms, Wholesale bankingGroup: Finextra50 fintech index
06 Sep, 2007
Paul Penrose - Finextra - London 3514 views
Tags: Payments, Wholesale bankingGroup: Finextra@Sibos
05 Sep, 2007
Paul Penrose - Finextra - London 3163 views
Tags: Trade execution, Wholesale bankingGroup: MiFID
04 Sep, 2007
Paul Penrose - Finextra - London 2099 views
Tags: Retail banking, Wholesale bankingGroup: Trends in Financial Services
04 Sep, 2007
Paul Penrose - Finextra - London 3026 views
Tags: Post-trade & ops, Wholesale bankingGroup: Where are they now?