Payments

I had a call the other day about the success of Chip & PIN. This is because of the latest fraud figures from APACS, which shows UK retailer fraud shrank from £73.2 million in 2005 to £37.5 million in 2008.  This year, merchant fraud has risen 26% to £47.4 million, the largest jump in criminal…

I had a call the other day about the success of Chip & PIN. This is because of the latest fraud figures from APACS, which shows UK retailer fraud shrank from £73.2 million in 2005 to £37.5 million in 2008.  This year, merchant fraud has risen 26% to £47.4 million, the largest jump in criminal…

A few people have said to me that they find it hard to navigate around all the ideas on social finance I've written recently, so here's a non-exhaustive compendium: Social Finance Social Finance In Banking View more documents from Chris Skinner Banks ignore social media at their perilSocial networks don't need banks, they need friendsSocial…

A few people have said to me that they find it hard to navigate around all the ideas on social finance I've written recently, so here's a non-exhaustive compendium: Social Finance Social Finance In Banking View more documents from Chris Skinner Banks ignore social media at their perilSocial networks don't need banks, they need friendsSocial…

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. …