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A Finextra Member

Happy birthday, euro.

In a few hours time the euro will be ten years old and, despite the many forecasts of its demise along the way, the currency is beginning to fulfil its promise. Not only has it contributed to economic...

31 Dec 2008
A Finextra Member

Crisis: traditional thinking in rewards programs is useless

Banks have already substantially cut credit limits and it seems obvious that they should be giving out fewer cards than in the past, but you can’t really tell this with all the credit card marketing

22 Dec 2008
A Finextra Member

2009 - is that the year we all went online?

So ... I have been saying for a long time that the primary cause of plastic card transaction fraud is the idiot policies adopted by the issuing banks - I know how to win friends and influence people

22 Dec 2008
A Finextra Member

1970's Revisited

The twenty-teenies look to me as if they'll be a replay of the 1970's, here in the UK. No, I don't mean loon pants, two-tones, bad hairdos, glam-rock and tank-tops (but you never know...). No, I mean...

19 Dec 2008
Transaction Banking
A Finextra Member

Yahoo To Shorten Data Retention To 3 months

Yahoo has announced that it will anonymise search records after 90 days and remove any personally identifiable connection to searches. Far short of what could be achieved, the Yahoo announcement is in...

19 Dec 2008
Whatever...
A Finextra Member

Gold. Now.

The status of gold changed yesterday December 16th when the Fed slashed rates to zero or near zero. Gold lost the remaining of its commodity status for a full investment status. Can gold evolve back t...

18 Dec 2008
A Finextra Member

VBV is locking your front door but leaving your windows open

:-) Getting warmer... Using VBV is very much like locking your front door but leaving your windows open. I have said this in 2001 to a VISA security executive : "VBV or 3DSecure's weakness is ...

17 Dec 2008
Transaction Fraud Systems and Analysis
A Finextra Member

1.6bn goldmine for City workers

I've noticed my journey into work appears to be taking longer on the Northern Line these days with a deal of waiting around at Kennington. So - plenty of time to read the Metro - the free paper - whic...

17 Dec 2008
A Finextra Member

Credit Reports - A Tax By Another Name

I've never received a letter quite like the one I received, over the weekend, from one of my credit card providers. It started with the sentence "Please sign and return the attached application ...

16 Dec 2008
Transaction Banking
A Finextra Member

Toys R US' Communications

Toys R US' comments made me laugh. If police found that the skimming device was used to save PIN and card numbers (meaning that Toys R Us accepts pin authenticated card transactions), then why would T...

16 Dec 2008
Transaction Fraud Systems and Analysis
A Finextra Member

It's Time For Issuers To Play Their Cards Right

The US is introducing new rules that will require credit card issuers to introduce regulatory changes affording greater protection for cardholders. We can anticipate a similar approach to be mandated ...

16 Dec 2008
A Finextra Member

Is the PEN mightier than the PIN?

Despite chip and pin and its promise to secure card transactions, what makes the PEN still mightier than the PIN? The answer has something to do with interchange fees and security (zero liability for ...

15 Dec 2008
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