283 Results from 2010, /payments
Retired Member
I think the report from the University of Cambridge is very interesting and raises some very valid points, despite the fact that it is quite theoretical and could only work in a specific set of circumstances. There are a number of options that the banking community has to prevent fraud of this nature. 1. Do not allow EMV cards to be verified...
16 February 2010 /payments /regulation
Cambridge University computer scientists’ discovery of a way to carry out transactions without knowing a card's PIN hit the headlines on Friday; however consumers should not lose faith in credit card security. Chip and PIN is by far and away the most secure way of protecting payment transactions currently available. No security system can claim to...
15 February 2010 /security /payments Information Security
A scientist was conducting an experiment with a fly. He pulled off one of its legs and set it down to see if it could fly. Conclusion: a fly without one leg can still fly. He pared off a second leg and set it down, saying "Fly!" Conclusion: a fly without two legs can still fly. He removed all the legs and set the fly on the palm of his h...
14 February 2010 /payments /regulation Innovation in Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Have banks given up trying to be good citizens? Sometimes you get that feeling - and also understanding that the avalanche of generalizing populistic condemning can lead to a give-up feeling even in the blameless banks. Of course it is difficult for the man on the street to understand why the market practice in the financial industry is so bonus-fo...
13 February 2010 /payments Innovation in Financial Services
Paul Love VP Business Development at Konsentus
Tesco is marking the occasion of the 15th anniversary of its loyalty Clubcard by offering £120million worth of money off vouchers and an iPhone application that turns the phone into an electronic Clubcard. The Tesco Clubcard has been widely accepted by customers, and Tesco is obviously keen to trumpet that success and reinforce its use among a new...
12 February 2010 /payments
Purchasing an airline ticket with Rs. 30 in the wallet at 2 am in the midst of a trekking expedition, considered nigh impossible till a few years back is now a distinct reality made possible by mobile phones. Is cash on the brink of extinction, well not yet! With the explosion in mobile telephony, it was often considered that mobile payments wou
12 February 2010 /payments Innovation in Financial Services
When something happens for the first time - it's avantgarde. If you see it twice - it's original. On the third time - it's plagiarism. On the fourth - it's pastiche. But when it happens for the fifth time - it's a genre... (Anonymous) In the never ending discussion on innovation vs. execution (see Sara Lacy's great post here) I tend to be an avid...
10 February 2010 /payments /regulation Innovation in Financial Services
Many people I have spoken to in the industry believe that finally, in 2010, we will see the announcement of an end date for SEPA. It is something many of us have been calling for, and now it looks like it might happen soon, so I can't help but wonder what the impact will be. Obviously a lot depends on what the end date actually is (or, horror of h...
09 February 2010 /payments /wholesale
Nick Ogden Chairman at Ogden Research
I came across this blog on Finextra which took a fairly cautious view on the use of biometrics in the UK and Europe. It referred to Bank Leumi now using voice biometrics for password re-setting for online banking. Following announcements from Australia and the US, I agree that it is encouraging to see usage of biometrics taking off in the UK and...
09 February 2010 /security /payments
If you find your name in this list, it means that you are one of the many collateral victims of a psychopath who was able to manipulate the french authorities (in the south of france) to requisition information from EBAY and Paypal by making a false accusation against someone. One of the collateral victims is the wife of Senator John Kerry. One c...
07 February 2010 /security /payments Information Security
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.