Payments

I was fascinated  to see an update on how CLS, the Continuous Linked Settlement system for FX, has progressed.  CLS was founded in 1997 to eliminate settlement risk in the foreign exchange markets and now handles fifteen currencies: the US Dollar, the Euro, UK Sterling, Japanese Yen, Swiss Franc, Canadian Dollar, Australian Dollar, Swedish Krona,…

I was fascinated  to see an update on how CLS, the Continuous Linked Settlement system for FX, has progressed.  CLS was founded in 1997 to eliminate settlement risk in the foreign exchange markets and now handles fifteen currencies: the US Dollar, the Euro, UK Sterling, Japanese Yen, Swiss Franc, Canadian Dollar, Australian Dollar, Swedish Krona,…

There’s a true story circling the internet that I’ve seen twice in the past few months and so I thought it worth sharing. A lady died in January, and the bank billed her for their annual service charges on her credit card for February and March.  When these were unpaid, the bank added late fees…

In the last of a risk-focused week of blog entries, I thought it worth talking about virtual worlds.  Now, we talk a lot about virtual worlds these days, after the hype cycle of Second Life and not forgetting the other worlds of Entropia, There, World of Warcraft and more.  In fact, the growth of virtual…

I’ve blogged a few times about identity theft and its issues, but it only came home to me how easy such theft can be last week.  My challenge was related to my ageing in-laws who needed to close down a remortgage with their bank but, being rather old and hard-of-hearing, wanted me to call on…

I’ve blogged a few times about identity theft and its issues, but it only came home to me how easy such theft can be last week.  My challenge was related to my ageing in-laws who needed to close down a remortgage with their bank but, being rather old and hard-of-hearing, wanted me to call on…

I’ve blogged a few times about identity theft and its issues, but it only came home to me how easy such theft can be last week.  My challenge was related to my ageing in-laws who needed to close down a remortgage with their bank but, being rather old and hard-of-hearing, wanted me to call on…

I live near to the Bank of England’s printworks operated by De La Rue.  This is the paper factory that produces all the bank notes for Britain.   In fact, I quite often jog around their car park as it’s nice and flat which, in my area of the country, is quite unusual. Having cased the…

I am struck by the sheer number of announcements over the past 12 months related to mobile payments and mobile banking.  Nothing wrong with this, but times change fast and I’m already wondering how long mobile will be in vogue. For example, just as the iPod is dead, so is the mobile. What, you ask? …

I am struck by the sheer number of announcements over the past 12 months related to mobile payments and mobile banking.  Nothing wrong with this, but times change fast and I’m already wondering how long mobile will be in vogue. For example, just as the iPod is dead, so is the mobile. What, you ask? …