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Retired Member

Credit card numbers fraud; what is the hidden cost?

Perhaps we should not be surprised, but every time one of these stories concerning multi-million dollar organised cyber crime hits the headlines, the sheer scale of the operation is startling, even to...

12 Nov 2007
Information Security
Alan Goodrich

Will UK Banks Get the X-Factor? It's the Same Difference!

What is it that keeps the excruciatingly happy brother and sister act of Sean and Sarah, Same Difference, out of the bottom two each week? My theory is very simple – they have understood what their cu...

12 Nov 2007
SEPA and European Payments
Retired Member

Chip and pin and magstripe and signature and confused.....

I was a bit taken aback the other day by my experience in the self-checkout area of Sainsbury's. No - not the "unexpected item in the bagging area" issue - no this was the card reader saying...

09 Nov 2007
Retired Member

The disconnect: US consumer spending and subprime crisis

Even as the Wall Street continues to be dealt body blows from the sub-prime mortage man, the US consumer spending is increasing! While Forbes ran a story (in late September) on the rising consumer sp...

09 Nov 2007
Paul Penrose

Idiot guy at Alphaville

Fame at last for one-time fintech journo Paul Murphy, following a brief cameo appearance as 'idiot guy at Alphaville' in the Martin Luke’s column in today’s FT. Old lags will remember Paul as the di...

08 Nov 2007
Where are they now?
John Cant

Avoiding a MiFID Hangover

So you survived MiFID Day, and indeed the first MiFID week; survived the incessant MiFID blogs and weeklong MiFID press coverage, History of MiFID, MiFID in numbers, and special features on MIFID from...

07 Nov 2007
MiFID
Alan Goodrich

Smarter Than A Ten Year Old?

Sorry, this is not a blog discussing the new TV series, but it hopefully will hold your attention at least as long as the programme makers hope their latest show will. Much is being written and discus...

07 Nov 2007
Trends in Financial Services
Retired Member

Merchants hate interchange but will pay 7-9pct for marketing

Merchants hate paying 2% for credit card interchange, yet reports show that they are willing to pay 7-9% to companies like Google that envelop the payment transaction within the shopping context and a...

07 Nov 2007
SEPA and European Payments
Zennon Kapron

Plastic China

According to a recent statistic published by China Union Pay, Chinese banks have issued more than 1.3 billion debit, credit and ‘quasi’-credit cards through the end of September. This means that, on ...

07 Nov 2007
Asia Financial Services
Retired Member

A Fintech Opportunity in National Security

In July, 2003, the Pentagon's Defense Advanced Research Projects Agency (DARPA) scuttled an ill-conceived terrorism futures market. While the project was a political failure, the idea underscores the...

06 Nov 2007
Information Security
Retired Member

How an unregulated interchange model can benefit merchants

Regulating interchange fees would eliminate a powerful incentive for payment schemes to create innovative products and services which benefit merchants. Payment schemes should be able to compete with ...

05 Nov 2007
Alan Goodrich

Can You Have Your Corporate Cake and Eat It?

The subject of “Innovation in Financial Services” seems to highlight a real and present danger that many senior bankers are struggling with... i.e. how to achieve the “plumbing” and innovate simultane...

05 Nov 2007
Financial Supply Chain