206 Results from 2009, /payments
Retired Member
Ok here’s what I’ve been working on. The patent was filed this week, so I can finally talk about it. Taggo is deigned to add mobile tap and go convenience and one-step enrolment to existing loyalty and rewards card programs in a very simple and cost-effective way. See the 15 minute presentation with audio here. Faced with the growing proliferat...
19 February 2009 /payments
David Divitt Senior Fraud Product Manager at VocaLink
There have been a number of studies published recently about consumer attitudes to online banking or shopping, and there is a persistent theme of consumers still being worried about security and fraud. There is a lot that banks can do to protect consumers from fraud, and the fraud detection and preventions tools on the market today are proven and
17 February 2009 /security /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Banks - especially Investment banks - are now being squeezed from all sides - revaluation of securitized papers to unrealistically low market price levels, losses from credit books as economies nosedive, new costs from all sorts of more or less needed regulation, restructuring costs etc - all also leading to higher funding costs. On the other hand...
16 February 2009 /payments Innovation in Financial Services
Unless of course you're flogging them. If it is secure - why the low limit? Of course if you allude that it is secure and ask the consumer they all want to appear bright by answering 'Convenience'. Unfortunately it is unlikely to be very convenient and even less so when the obvious happens. Ask the consumer - "They wouldn't introduce it if it...
14 February 2009 /payments /retail Whatever...
Just how much impetus does the UK's recent commitment to the PSD give to Faster Payments? If you read between the lines of the PSD there are some definite get out clauses. T+1 funds transfer is certainly the stated objective of the PSD (which basically means using FPS in the UK) but Banks still have until 2012 to sort themselves out. Or should...
12 February 2009 /payments
So ... we have ourselves a load of bankers (Is the collective term a "wunch"?) who are all very sorry about the fine mess they have got us all in to. Perhaps they didn't know what was going on. Perhaps no one had the decency to tell them they were all heading for the cliff top. Perhaps they had more pressing things to think about. M
11 February 2009 /payments /retail
More competition in the already hyper competitive payments market. A new entrant noca.com is challenging the supposedly old guard. I suppose you can call Paypal old guard even though lots of people still haven't heard of it - they do have hundreds of millions of users. Problem is I think with Noca you won't get points on card purchases because of t...
11 February 2009 /payments /retail Innovation in Financial Services
Last week, Finextra carried a report from Cifas that UK fraud rose 16% in 2008. The recession was blamed for more Brits turning to crime. A big part of the increase was also attributed to a 207% jump in "facility takeover" fraud. I commented on that story directly, but decided this was a worthy item to begin my own Finextra community bl...
05 February 2009 /security /payments
Gary Wright Analyst at BISS Research
Finding a SWIFT alternative always comes up in any discussion about messaging standards and the direction the finance industry is going. Most professional people in the know agree that SWIFT is a double-edged sword with both good and bad points. On balance the good has outweighed the bad but the gap is narrowing. SWIFT has had some outstanding ach...
04 February 2009 /payments /retail SEPA and European Payments
It's not often that I find myself in agreement with Peter Mandelson the UK Government Secretary of State for Business, Enterprise and Regulatory Reform but this economic crisis is producing many strange bedfellows, forging unusual statements and acts, as everyone tries to come to terms with what's going on and more importantly what to do about it....
02 February 2009 /payments SEPA and European Payments
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