477 Results from 2007
Olivier Berthier CEO at Moneythor
Forget about trade services, trade finance, UCPs and documentary credit, what we all do now is called Financial Supply Chain (or SCF for Supply Chain Finance). How many "Heads of" have we seen lately with freshly updated business cards showing new supply chain-related titles? A lot! Revolution or Evolution? Well, the notion of financial s...
30 May 2007 /wholesale Financial Supply Chain
Retired Member
Interesting and slightly worrying item on The Register where a fully up-to-date and patched machine running the latest IE7 and Norton 360 was redirecting certain URLs to fake but convincing web sites - including PayPal. Only the unusual extra questions and usual dodgy grammar of the spoof sites gave the game away. Interestingly the problem doesn...
25 May 2007 /security
Paul Penrose Head of Research at Finextra
A recent redesign of the Wells Fargo homepage led to a 50% uplift in online applications, more use of key functions such as the account log-in and branch and ATM location tools, and a significant fall-off in search enquiries. The bank’s Internet Services Group used site stats, survey data and internal search information to pick up on customer re...
25 May 2007 /retail
Elton Cane Digital product delivery at News Corp Australia
With SIA-SSB and EBA Clearing putting the final touches on the SEPA Services for STEP2 over the next month, banks are gearing up to begin testing credit transfers from July, with testing windows for direct debits coming later in the year. Giorgio Ferrero, Chairman of EBA CLEARING, says 90 banks have already signed up for Sepa credit transfer testin...
25 May 2007 /payments EBAday
Matt White North America editor at Finextra
The threat to the two giants of the card payments industry seems to be growing. Opposition to interchange fees and the emergence of alternatives could shake up the industry. According to The Economist, the average percentage of each transaction cost taken up by interchange in the US has risen from 1.52% in 2000 to 1.88% in 2006. And in America the ...
25 May 2007 /payments
I’ve not heard any discussion about this guideline, which came out in January. This guideline was developed jointly by the market regulators, and is to be applied by the market regulators themselves. It says, “CESR considers that RMs, MTFs, and investment firms should not make the supply of pre- and post-trade information conditional on the purch...
25 May 2007
EBAday is now less than a fortnight away. You may like to know that the latest EBAday agenda is available to download as a PDF on the EBAday web site. If you've any comments on the agenda - log in and start a blog about it or add a short comment to this item if you prefer.
25 May 2007 /payments /wholesale EBAday
A while back I blogged about the potential of biometric ATMs. I was taken by the news that they are being used to pay illiterate workers in India but my hopes for this technology to make the world a better place seem a tad optimistic. Diebold CEO Tom Swidarski is dismissive about the potential for biometric cash machines because he feels that all ...
24 May 2007 /payments
Talking to Diebold CEO Tom Swidarski at the company's Emea Expo this week I was a little taken aback by his blunt answer to my question about last years closure of the ATM vendor's manufacturing plant in Cassis, France. Not for Tom the usual waffle about restructuring, he was quite clear about the reasoning behind the decision, despite union threat...
24 May 2007 /retail
Someone today said “That might get delayed, like T+1 in the USA” – and it rang a bell with a question on it. The UK equity market runs on T+3 settlement – we all know that. I’m your average client of a major high-street bank, and use the bank’s broker service to buy a few shares from time to time, on the basis that if anyone is going to me...
23 May 2007
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