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Payments

SEPA: why is e-invoicing missed out?

More on my euro week and it’s funny how the world goes around, what goes up must come down, tomorrow is another day, and e-invoicing is not part of SEPA.  The European Payments Council (EPC), which comprises the bank policymakers of SEPA, has explicitly said so: e-invoicing is not part …

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SEPA: to interchange or not to interchange

There were plenty of discussions at the European Parliament about SEPA, but most of the discussions narrowed down to the current top-of-mind issues related to card and interchange fees.  With the decision on MasterCard’s Interchange fees about to be handed down, here’s a flavour of the discussion as presented in …

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EU love-in between politicians, bankers and regulators

After eighteen months, the European Parliament once again opened their doors to a dialogue about the state of European financial services.  With a series of presentations and top-notch speakers, we review: “The implications for EU integration of globalised financial services” “Can the EU legislative framework cope with cross-border developments, worldwide …

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Here’s to the success of the UK’s Fraud Review

    Last night we entertained Steve Wilmott, Head of the Economic Crime Unit for the City of London Police, at the Financial Services Club.  He was presenting the implementation of the results of the UK’s Fraud Review, which combined the efforts of the Serious Fraud Office,  the Police and …

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Here’s to the success of the UK’s Fraud Review

    Last night we entertained Steve Wilmott, Head of the Economic Crime Unit for the City of London Police, at the Financial Services Club.  He was presenting the implementation of the results of the UK’s Fraud Review, which combined the efforts of the Serious Fraud Office,  the Police and …

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Workers’ Remittances – a huge opportunity

I had a good debate today with Citibank who, as we know, are heavily focusing upon taking a slice of workers’ remittances following their February announcement when they teamed up with Vodafone to offer mobile payments for migrant workers. Most economic migrants do not trust banks as banks do not …

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CLS break the 1 million transactions record

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 …

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CLS break the 1 million transactions record

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 …

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Be sure to cancel your credit cards before you die

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, …

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Money laundering in virtual worlds

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 …

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How to steal your identity

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, …

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How to steal your identity

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, …

Read More »

How to steal your identity

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, …

Read More »

The Bank of England’s Police Force

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 …

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Mobile banking: have we got it right?

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 …

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