Shaping the future of finance
PayPal, the consummate internet payments goliath, had a little hiccup today. I was logging on as usual when the first screen asked if I would like to sign up for their mobile payment security service. This is where a one-time password (OTP) is generated as a text message each time you make a payment, and…
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…
Interesting note sent to me from Nelson Eduardo Pereira today, who spotted that Facebook are offering a currency. It's not a real one, just swapping credits, but it's a start. The service builds on the gift services in Facebook. These gift services have been tracked by Lightspeed Ventures for a while now and estimated to…
