1135 Results from 2009
Retired Member
The Disasters Emergency Committee is an umbrella group of UK charities that swing into action when needed to raise urgently needed money. At the moment they have launched an appeal for Gaza - you can donate online here courtesy of a secure online payment page provided by BT. I've listened to the BBC defending its decision not to televise an appeal ...
25 January 2009
Many people have been after me for not keeping up with my blog. When the crisis hit everything changed. Things I was writing about suddenly seemed less relevant. Today, I can see more clearly that there are still many topics that are relevant, and even more so now, while there is at least one really big thing that is much less relevant. Interchang...
24 January 2009 /payments
Matt White North America editor at Finextra
Social networking sites: apparently they can help you find love, get that dream job and even, we're now told, live longer. That's the claim made in a press release put out today by, you guessed it, a social networking site. The site's for independent financial advisors and it's got together with 'Internet expert and psychologist' Graham Jones to le...
23 January 2009 Whatever...
Paul Penrose Head of Research at Finextra
No matter which way you look at it Ken Lewis's bail-out of Merrill Lynch looks increasingly wrong-headed. John Thain - the man who sold the pony to Lewis - has now fallen on his sword after Merrill posted more than $15 billion in surprise losses just three weeks ago. The shock revelation followed the disclosure of early bonus pay-outs to Merrill st...
23 January 2009 /retail /wholesale
...even for Northern Rock employees. There was an interesting debate on Question Time last night about the bonuses that are to be paid to Northern Rock staff. The views spanned the spectrum, from one delegate who said bonus schemes shouldn’t exist at all – anywhere - to a part-justification of the process. I say ‘part-justification’ because the...
23 January 2009 /regulation /retail Transaction Banking
Elliot Castro Man at EC Consultancy
During my 5 year spell as a fraudster, I used the telephone banking system almost every day, in order to keep track of the finances of those whose accounts I had taken over (this would more often than not be a credit card account, although I did occasionally get information relating to bank accounts too). Needless to say, the fact that some of th...
23 January 2009 /security
Keith Appleyard IT Consultant at available for hire
I run a Children's Charity in my spare (!) time, and since I have 50 Employees the HMRC required me to to Register with the UK Government Gateway in order to make my End Of Tax Year Returns electronically. I didn't get the option of chosing an easy-to-remember User ID, they gave me one - 12 characters NNNANAAAANAA. Then OFSTED come along and tell ...
22 January 2009 Whatever...
David Divitt Senior Fraud Product Manager at VocaLink
I feel I have to stand up for the banks when it comes to the fraud concerns of Faster Payments. True, some banks have implemented temporary solutions to manage fraud resulting from Faster Payments, but it is essential that people don’t misunderstand ‘temporary’ to mean ‘inadequate’. Banks have to review their fraud prevention tools and processes o...
22 January 2009 /security
Malicious software designed to snatch card data, insider trading on confidential information, hackers setting up phony accounts to divert millions...what do all these things have in common? Greed! Let’s be honest, people have been figuring out how to steal since the beginning. But in today's interconnected and interdependent world they're using...
22 January 2009 /security /regulation Financial Supply Chain
Barack Obama's nominee for Treasury secretary, Tim Geithner, has been getting a bit of a hard time at his confirmation hearing over some taxes he failed to pay a few years ago. During questions from the Senate Finance Committee it emerged, to laughter from the chamber crowd, that the supposed finance whizz had used Intuit's off-the-shelf TurboTax ...
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