5139 Results from /payments
Retired Member
It's all very well that there is missing or incorrect reference data such as IBAN and BIC, but some things seem so simple to address, and yet they somehow fall by the wayside... It is a given that one of the biggest obstacles to STP of inbound cross-border payment messages, at least for those of fairly large reportable amounts, is central bank repo...
03 September 2008 /payments SEPA and European Payments
If you want to see the real-world impact of interchange regulations, the best place to look is obviously Australia. This is a country where the most sweeping changes to the interchange model have taken place, a country seen by regulators everywhere as something of a model to learn from. If you can’t go to Australia to learn first-hand (maybe you'...
31 August 2008 /payments SEPA and European Payments
The EPC Q&A document unfortunately did not say very much or advance the position of the SEPA Cards Framework in real terms. The situation on the ground for consumers is that because of the failure to agree interoperable technical standards and card ranges cardholders will continue to find situations where they will try to use co-branded Maestr...
29 August 2008 /payments
Siddharth Udani Client Partner at Consulting
Banks are trying to modernize thier systems by rolling out newer programmes or business changes and considering business services with SOA. By SOA, whether we talk about creating web-services or introducing fancy middle-wares, banks are inevitably moving towards application consolidations with business process automation as their key objective. In...
28 August 2008 /payments Banking Architecture
Sriram Natarajan Risk Dog at Credit Risk Fraud Cards Professional
I have been reading the news items on the volume of counterfeit notes surfacing in India. It looks like more than half a billion dollars worth of fake rupees are circulating around the country. The banking industry must be quaking in their boots on the volume of menace they carry. It is distressing to note the thumb sucking responses and comments ...
27 August 2008 /security /payments
Uri Rivner CEO and Co-Founder at Refine Intelligence
Private computers around the world are being infected by malware on a daily basis. Some immediately wear a glazed expression and succumb to the will of their new master – a botnet operator. Others suffer from minor effects. But this amusing news piece takes malware to a new height. 350 km high, to be exact. Wired reported (http://blog.wired.com/27b...
27 August 2008 /payments /retail Online Banking
Amit Sharma CEO & Prepaid Consultant at Emotion Associates
Hardly surprising that there is ever more information emerging about consumer details under 'lost or found' - either lost (in transit, on cds, laptops, etc) or found (on items which have been sold, dumped, stolen, etc). Over the past 18 months, there have been repeated disclosures by the government and other agencies about data being 'lost or mispl...
When a vendor seeks to use the threat of, or even actual legal means to inhibit free speech and prevent the truth from being exposed is a typical clue that the product is flawed and the company management is devoid of ethics. When a company tries to make us all put our heads in the sand then it's time to carefully reconsider doing business with the...
21 August 2008 /payments Whatever...
Customers may well ask what chance they have if even the bosses of the banks are victims of fraud. Marcus Agius and Andy Hornby can't simply ignore the problem can they? What do shareholders really think? There have been rumblings from downunder about focusing on social networking sites as the root of the problem. Cobblers. A lot of social networki...
21 August 2008 /payments /retail Innovation in Financial Services
Elton Cane Digital product delivery at News Corp Australia
At Swift's pre-Sibos press briefing yesterday the usual group of trade press assembled to hear about Swift's plans for this year's Sibos event in Vienna. Along with the usual talk about "strategy" and "community", a few figures stood out: Over 6,300 people are registered so far for this year's Sibos, with 18% from the UK and 1
20 August 2008 /payments /sibos
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