Payments

As mentioned yesterday, the regulator tries to keep up with the banks who try to keep up with customer, and I said that banks often innovate too slowly. There are many examples of this, but the one that I come back to regularly is Chip & PIN. Chip & PIN has been an enormous success,…

Derek Wylde, Group Head of Fraud at HSBC, presented at the Financial Services Club last week.  He talked about many aspects of fraud and risk, and presented quite  a few numbers related to the issue. One of the charts raised questions in my mind.  It related to the total cost of payment card fraud.  According…

A hundred years ago, things were different but the same. We needed to eat, but what we ate was very much a national rather than international cuisine. We had to travel, but we would walk, bicycle of take the train. We enjoyed entertainment, with a visit to the cinema once a month as a treat….

So here we are, a few of us anyway, at SIBOS 2012 in Osaka, Japan. Having faced a lengthy and, for some, gruelling journey of 24 hours or more, the welcome greeting you find at the INTEX Centre is second to none. But then you get into the spirit of things, and my spirit is obviously…

Andrew Vorster, Vice President of R&D and Adam Banks, Chief Technology Officer for Visa Europe delivered a fascinating double act at the Financial Services Club the other night. The theme of the presentation was: the future of payments and technology, and covered seven key trends that Andrew and Adam have identified that will disrupt payments:…

The eighth World Payments Report (WPR) has just come out and, last week, we provided a summary of the first section on non-cash trends.  Here’s a summary of section two: regulatory trends. Ability to Innovate is Challenged Amid Sea of Key Regulatory and Industry Initiatives Regulators have continued to implement the Key Regulatory and Industry…