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I took part in a panel debate on the future of mobile banking this week and it was a delight to hear the debate on what mobile banking might shape up to be. It is obvious that mobile banking is still ...
The world is moving faster − the payments world that is. The smartphone has revolutionised the way we live, the way we pay for things and the way we bank. The payments and banking industry has stepped...
The fact that 64 % of respondents cited security concerns as a factor preventing them from migrating wholly to online banking doesn’t come as a surprise to me. Why? Because what we’re hearing from the...
I found the recent study by University of California, Berkley (UCB) on Mobile Payments: Consumer Benefits and New Privacy Concerns an interesting read (see news report here). It found that an overwhel...
The 57th presidential election might be one of the most talked about contests in the U.S. this year, but if you really want to see some action it’s the U.S. payments space where your attention needs t...
I’m really pleased that MasterCard has developed a fraud detection service for online merchants that could realise a potential for 15-30% fraud loss savings. Whilst it’s a step in the right direction...
Two interesting stats have caught my eye this week: Fraudsters are costing the UK an estimated £73billion a year (National Fraud Authority, NFA) Cybercrime has now become the second most commonly r...
NFC contactless payments, and P2P mobile payments are fast gaining momentum in the payments world. Banks, retailers, network operators, amongst others are all rushing for land grab, rolling out new NF...
The Federal Trade Commission in the US recently released their consumer complaints survey results and for the 12th year running, the number one consumer complaint was identity theft. Whilst this re
Suddenly there seems to be a lot more talk about SIM swaps. If you don’t know, this is when a fraudster, using social engineering techniques, dupes the victim’s mobile phone operator into porting the ...
It was interesting to see the figures from Financial Fraud Action UK yesterday, which showed a reduction in card fraud. As is often the case, however, what appear to be encouraging statistics disguise...
It’s time to call time on the static PIN. We forget them too easily, they are too simple to guess, and – most importantly – they don’t really provide the security that both banks and customers need. F...