293 Results from 2013, /payments
Retired Member
Google made waves last week with their announcement about Host Card Emulation (HCE) solution that allows, inter alia, to "emulate" EMV without requiring any secure element (SE). Oh my... Google's own source claims that "Android HCE emulates ISO/IEC 7816 based smart cards". Well, ISO 7816 is a standard for contact (!) cards tha...
05 November 2013 /payments Innovation in Financial Services
Brett King CEO & Founder at Moven
Credit cards are expensive. According to BankRate.com the average US annual percentage rate (APR) charges on credit cards is 15.35%[1], but that’s down in recent years. During the financial crisis some US-based credit card APRs went as high as 39.6%[2] as banks like Bank of American tried to compensate for increasing risk, or unwind high-risk cre...
04 November 2013 /payments Innovation in Financial Services
A chat with Hugues Thiebeauld, UK Security Lab. Manager at UL Security Technologies, on specificity of Certifications for New Payment “With the success of new technology in the payments space largely dependent on wide-spread adoption by banks, retailers and consumers, developing certifications for these products is vital. Why? Because there is a ...
31 October 2013 /security /payments
David Divitt Senior Fraud Product Manager at VocaLink
Card fraud is a massive problem around the world, costing banks and consumers time and money. Even when we seem to be making headway the criminals find another way in, which is why we see stats such as those from the UK earlier this year, which showed that fraud losses on UK issued cards climbed 14 per cent last year to hit £388 million, the first...
28 October 2013 /payments /regulation
Contactless / proximity payments are all the hype these days (actually last several years). They are supported and heavily marketed by pretty much all payment schemes. Mastercard has PayPass, Visa has PayWave, American Express has ExpressPay, Discover has ZIP and JCB has JSpeedy. Similarly, the NFC based mobile proximity payments (mainly using s...
25 October 2013 /payments
The yearly Apple keynote wasn't a demonstration of new products. Since its inception it's increasingly become a parade of the firm's utter dominance of the consumer technology market. A stunt of self-publicity focused just as much on its own glory than future potential. And rightly so. I don't care much for self-promotion, but if you've done as mu...
25 October 2013 /payments /retail Future Finance
Mervin Amos Senior Pre-Sales Engineer at NCR ATLEOS
Payment systems are complex and no two are the same, but if you’re thinking of upgrading or changing your payment system, there are five key areas to consider with your prospective platform. Control Institutions need to be able to take control of their payment system themselves. Gone are the days of budgeting 10 years’ fees to keep paying the origi...
23 October 2013 /payments
Payment fraud evolves constantly, changing and adapting to the systems, networks and infrastructure. Criminals are always on the lookout for a weak link in the payment cycle to exploit, altering their behaviour to extract maximum value from their fraud activities. Responding to this ever-changing landscape is the responsibility of everyone involved...
22 October 2013 /payments /regulation
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
It is a wellknown fact that the capability of IT is doubling in relation to its cost every year. It seems to be less wellknown what it means when something huge is doubling and doubling and.. (Ray Kurzweiler knows) for enterprises, the public sector and national economies. For European enterprises - struggling with both cost and service capability...
19 October 2013 /payments Innovation in Financial Services
I went to a banking technology seminar just over a year ago where the main focus of the presentations was how to create a single universal payment message type and the issues around customer ID&V. The subject inevitably turned to the UK Payments Council new Scheme - since Account Switching is going live end of this month and they needed somet
18 October 2013 /payments
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