Tuesday, December 01, 2009
With millennials opening bank accounts, saving money, getting student loans, purchasing cars, and getting mortgages, the rules have changed for credit unions.
Wednesday, November 18, 2009
The Payment Services Directive came into effect this month - at least in parts of Europe. Some countries have yet to transpose the directive into national law, which will pose problems for the payments industry, while new payment institutions will be able to cherry-pick their opportunities.
Thursday, November 05, 2009
Adoption of mobile payments and banking has a long way to go, despite industry hype. At least that’s the way a number of industry insiders closely watching the mobile landscape see it.
Sunday, November 01, 2009
ACI Worldwide Inc. says its acquisition this week of Euronet Worldwide's Euronet Essentis Ltd. subsidiary will enable it to expand its relationships with large, global financial-services providers, including retailers with mass-scale card programs.
Thursday, October 01, 2009
Andrew Rochford, Business Solutions Consultant for the Middle East and Africa at ACI Worldwide, talks about how banks in the Middle East can use fraud-fighting technology to give their cardholders greater piece of mind.
Monday, September 14, 2009
At this year’s Sibos, delegates are likely to be debating the fallout from the dramatic events that took place during last year’s event. But they’ll also be hoping for a much quieter week, writes Heather McKenzie.
Thursday, September 10, 2009
Appeared in Spectrum, September 10, 2009 Card fraud cost the UK more than £600 million in 2008 according to APACS, and the UK banking industry is actively seeking to combat the growing problem. The battle is even more vital now, as research from Datamonitor(1) reports that despite efforts to combat fraud, the global financial crisis could accelerate a wave of financial crime targeting banks. Making the right investments in fraud prevention while under pressure to cut costs and ensure maximum return on investment, however, presents a particular challenge for today’s fraud managers.
Tuesday, September 08, 2009
Its name makes it sound a bit like a game. But "man in the middle," as the swindle is known, is an example of a modern, cutting-edge form of theft that victimizes banks and their customers.
Sunday, August 30, 2009
At noon, you use your credit card to pay for gas at a station in Columbus. An hour later, your card has been used to buy a $1,500 computer -- at a store in Moscow. Before the charge is approved, a sophisticated computer-monitoring system thousands of miles away raises a red flag, denies the charge and keeps you from becoming the victim of a crime -- all in a matter of seconds.
Friday, August 28, 2009
Dubai: Scammers live off of the wages of honest people not just by using stolen credit cards alone. Fraudsters can go on a spending spree once they have your credit card details. No physical card is necessary.