Latest opinions that Pat Carroll has shared on Finextra

Join the Community

24,399

Expert opinions

40,867

Total members

301

New members (last 30 days)

226

New opinions (last 30 days)

29,365

Total comments

Join Sign in

Pat Carroll

Founder/Executive Chairman

ValidSoft

Member since

17 Mar 2011

Location

London

View Pat Carroll's full profile

Pat's opinions

Proposed legislation puts consumers back in the driving seat

Recent developments at the European Parliament have proven to be a key milestone for the European Commission's data protection reform. Parliamentary support is now ensured for vital legislation which will mean individuals have much better control over their own personal data. The legislation is set to enable greater data protection and privacy for...

25 March 2014 /regulation Innovation in Financial Services

How do we achieve 'The Holy Grail' in contactless payments?

Hot on the back of the recent news of Europe’s largest department store group El Corte Inglés taking the plunge towards contactless, yesterday’s Finextra report highlights new figures from WorldPay showing that contactless payments in the UK are rocketing, with 226% more contactless transactions compared to this time last year. This is yet furthe...

28 February 2014 /payments Innovation in Financial Services

Malware , the Achilles Heel of Mobile Adoption

Malware is hitting mobile like nobody’s business. It is a sad fact of life - hackers, fraudsters, cyber-criminals and the like will never go away and will evolve and adapt as our payment landscape evolves too. The real question is whether we have the tools to counter those malware attacks so our customers can securely do their business on their mo...

30 January 2014 /payments Innovation in Financial Services

Customer Experience vs Strong Security: What's the Answer?

It’s good to see the Bank of Scotland focussing on the mobile customer experience. Clearly they see this as a significant competitive advantage, and promoting it as such, whilst also highlighting the security features of their approach. With mobile, streamlining the login process, enrolment and activation is key if banking apps and wallets are to ...

28 January 2014 /payments Innovation in Financial Services

Predictions for 2014: Voice Biometrics Go Mainstream? Part 2

2014 will also see Voice Biometrics becoming mainstream. Apple have paved the way for biometrics to be adopted in a mainstream manner with the introduction of fingerprint readers on the iPhone. Voice Biometrics is a tremendously powerful, intuitive technology that can be implemented in a low-friction and invisible manner and provide very strong se...

24 January 2014 /security Innovation in Financial Services

Our Predictions for 2014: Who Will Dominate? Part 1

Unfortunately, it’s not going to be plain sailing on the security front in 2014. It’s a bit like Friday 13th. Many folk say that Friday 13th is not their unlucky day at all, it’s Saturday 14th they worry about! And believe me, we do have a lot to worry about. So, what am I concerned about? And is there any good news for 2014? Well, the answer to t...

20 January 2014 /security Information Security

Ignorance is folly when 'tis bliss to be wise!

This itnews.com article sheds a different and interesting light on the methods now being deployed by the fraudsters. Basically these latest tactics are designed specifically to outwit the Risk Engines. Risk Engines work on the principle that if a transaction seems “normal” the risk engine will generally approve the transaction. Of course there

10 January 2014 /security Innovation in Financial Services

Target breach is bad news for the industry

Once again we are sadly reminded of the vulnerability of businesses to data breaches, and we are left with 40 million customers fearing that their credit cards will be hijacked by fraudsters just in time for Christmas. There has been a consistent rise in cyber-crime in the past few years, and traditional security solutions have proven to be inadequ...

30 December 2013 /security Innovation in Financial Services

Finding security in digital currencies

Digital currencies such as Bitcoin have been capturing the attention of the world’s financial and technology press for some time, both in a positive and negative manner. Digital currencies are here to stay, it’s inevitable, and these virtual currencies are at an inflection point and already playing an increasingly apparent role in the daily tradin...

18 December 2013 /security /payments Innovation in Financial Services

Tis the season to be jolly - Ho Ho Hopefully!

The UK’s Fraud Prevention Service wants to remind Christmas shoppers to be ultra-prudent with their personal and financial details. The numbers show an increase of 23% in the number of victims of account take over in the last two months alone which is quite a staggering increase really. Such numbers clearly show that hackers, fraudsters, cyber-cr...

16 December 2013 /security Innovation in Financial Services