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Retired 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
Retired 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
Retired 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
Retired 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
Retired 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
Retired 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
Business Knowledge for IT
Retired Member

A Strictly Important Lesson To Learn

UK residents couldn't have possibly missed the furore about "Strictly Come Dancing" on Saturday - either as viewers of the programme or as observers of the news media subsequently. The even...

15 Dec 2008
Transaction Banking
Retired Member

A Good Wedge Off The National Debt...?

Maybe Ally Dally and GB are cleverer than some people thought. I know it's early days, but it's possible that the recovery of bank share prices could ultimately save the country descending into bankr...

09 Dec 2008
Transaction Banking
Gary Wright

Online shopping hits high street stores

Over the weekend the number of deals on eBay hit record highs and this was followed by news that online spending has increased by 77% on previous records. All this is furthering the view that High Str...

08 Dec 2008
EBAday
Retired Member

Reaction To Interest Rate Cut

One hopes that the MPC has considered fully what will be the consequences of the rate cut. Presumably, they think that this cut will help get the economy moving by encouraging people to spend. I'm n...

05 Dec 2008
Transaction Banking
Retired Member

Hands Up Anybody Who is Not A Hard-Working Family

One of the phrases that bugs me at the moment is 'hard working families'. Gordon Brown uses the phrase often, usually to preface an announcement of what he's going to do to 'help them'. I think I'm ...

04 Dec 2008
Transaction Banking
Retired Member

Important Announcement of Iris Scanning Security in the UAE

This kind of news actually make the Central Bank of UAE and authorities in the UAE truly 'seem' uninformed. Anyone in the payment security business (fraudsters as well) know that this will not solve t...

04 Dec 2008
Transaction Fraud Systems and Analysis