Payments

Next Monday, 27th April, the Financial Services Club will be hosting an evening with Gerard Hartsink, Chairman of the European Payments Council and Senior Vice President with ABN AMRO / Royal Bank of Scotland. I recently posted Gerard's comments on the European Payments landscape when we met in Hong Kong in March, and he will…

Just noticed a lawsuit has been raised by Actus LLC for infringements of four e-commerce patents against 20 defendants including Bank of America, Capital One Financial Corp, Google, JP Morgan Chase, Mastercard International, Obopay, Visa, Wal-Mart, Western Union and more. Google's accused products are Google Checkout and the Android Mobile phone. The patent numbers are…

I blogged a while ago about David Doyle, expert on all things in finance with a Brussels flavour. David and I regularly tag-team on MiFID and the PSD, and in the wider context of Europe's Financial Services Action Plan. In particular, he has an inside track on all this stuff and presented the latest updates…

Wired's blog just noted that Bryan Sartin, director of investigative response for Verizon Business, is saying the backbone of bank security – the PIN – is broken by hackers.  In fact, he reckons, its' been blown apart. "We're seeing entirely new attacks that a year ago were thought to be only academically possible," says Sartin. …

Wired's blog just noted that Bryan Sartin, director of investigative response for Verizon Business, is saying the backbone of bank security – the PIN – is broken by hackers.  In fact, he reckons, its' been blown apart. "We're seeing entirely new attacks that a year ago were thought to be only academically possible," says Sartin. …

After my blog about the multichannel myth last week, it made me realise that banks need to become cannibals. Banks should launch new channels that eat their old ones alive, rather than trying to bolt these new channels onto their old bank. Banks can only be brilliant at one channel – the branch, the call…