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That's what bearish Oppenheimer analyst Meredith Whitney told Reuters at the the Reuters Global Finance Summit yesterday. In her view, the bank is unlikey to be profitable for several years. Its stra...
I have found an image of the VISA PIN card, and generally I like the idea. Today I have to carry a bankcard and a token as well, and I'm afraid of losing one. If this offering is cheap enough, Vasco a...
A study by Axa has found that more than one in three people admit to having misled a partner, friend or relation about the state of their finances. It also concludes the current dodgy state of the eco...
I note that the new Visa card with built-in OTP generator hails out of Oz. It makes me proud. It already has a transmitter/receiver (of sorts) and a keypad - all it needs is a microphone and a few twe...
This blog recently expressed the view that, in these days of financial turmoil, banks should reposition their branch networks as a means to reinject the personal service ethos to high street banking ...
Contactless payments really seem to have exploded recently. In the past month alone, we have heard announcements from both MasterCard and Visa about trials they are conducting in cities such as Liver
The Truthpod is an anonymous online polling booth in Australia that has been set up to find out what people really think about their bank. Respondents are invited to "just tell it like it is&quo...
It's interesting to note that people queue up outside faulty ATMs that dispense twice the amount of cash. Technology has its limitations and it's bound to go wrong at times, just like its creator. Hom...
It is a fair question. Most fraud is card based, law enforcement claims money from fraud goes to fund terrorism (and drug, etc). Customers have to wonder at the real price of the billions of dollars i...
Thanks to all those who responded to my earlier comments about card security. It seems there are different implementations of Verified by Visa and MasterCard SecureCode. Some issuers request only a
The credit crunch hasn't quite hit the street fully if the retail sales trends over the last year are anything to go by. We were already seeing the warning signs of a sharp downturn in consumer spendi...
When I read this, my immediate thoughts (actually let's skip the first), were that if a scammer has called a victim and convinced them to go to an ATM and transfer money to the scammer's account, it i...