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Why only fivers? Perhaps this makes sense for small cash withdrawals, but for larger amounts I would imagine a combination of large notes and some fivers would be more practical. Leaving the debates...
I associate fiver-dispensing ATMs with cash-strapped student areas - I think that's where I last saw one. And that was some time ago. By contrast all the ones around here only seem to have 20 quid not...
Given all the attention to the 'big fix' on the internet, I reiterate that it is NOT a fix, it merely slows down an attacker, instead of seconds, it now takes seconds, minutes or hours, depending on y...
I just arrived home after a week in Hong Kong. Two unrelated events happened while I was there. The start of the Olympics and the Asian markets patting themselves on the back for not being in the top ...
Odds on the Russian gas/oil pipeline will be sabotaged or blown up with this excursion into Georgia (wouldn't you?). Time to buy those oil and gas futures again. If it leads to serious escalation and ...
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is one of widely accepted way to do financial transaction between financial institutions. It has over 8,300 banking organizations, s...
According to ChinaDaily, as of the end of last year, lenders in China had issued 1.5 billion bank cards, including debit cards, credit cards and quasi-credit cards. Of the huge sum, active cards, whi...
The methodology let everyone down here. -'However, in this case fraud monitoring systems picked up the activity and the cards were blocked, meaning a "major fraud problem" was avoided, says ...
Well, the intention is good but these card numbers need not necessarily have to be stolen to be used. The luhn-digit algorithm check is easy enough to use to be able to come up with valid card numbers...
With Sepa opening up choice of clearing infrastructure for banks in the euro-zone, many banks no longer see ownership of their national domestic infrastructures as necessary. Italy's SIA-SSB has appoi...
Henry Kaufman’s article in Wednesday’s FT, ‘The principles of sound regulation’, was an interesting read with its consideration of eight precepts of sound financial regulation and conclusion that whil...
Considering the cost-cutting going on at the moment there may be a case to ditch expensive licenced software in favour of open source or even in-house document creation and management systems. A lot ...