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Featured Articles

  • Liquidity Rules to Squeeze Smaller Banks

    Thursday, December 30, 2010

    Regulatory changes are expected to drive up the cost to banks of processing cash payments and are likely to hasten industry consolidation by forcing smaller players out of some basic banking services.

  • Use a Scalable Platform to Meet Small Business Needs

    Thursday, December 30, 2010

    Retail banks should pay attention to small businesses, in view of the 2010 World Retail Banking Report that the segment contributes nearly 30% of their net banking income despite constituting less than 10% of the sampled banks' customer portfolios.

  • Banks Explore New Family Cards

    Monday, December 13, 2010

    With today’s UAE household wielding a spending power of close to Dh20,000 a month, banks are exploring new customer channels and products with more flexibility and ease of use. Family cards are a prime example of this product innovation and are likely to become the next big thing in retail banking.

  • Agility Should be Top Goal for Payments

    Tuesday, November 30, 2010

    The recently released "World Payments Report 2010," an annual barometer of payments worldwide, found that payments volumes kept growing in 2009 despite the financial crisis. In addition, new entrants to the payments market, such as e-payment providers, and increased regulatory mandates are creating a more complex payments landscape. Unfortunately, electronic payment systems used by many banks today often are too complex to quickly respond to changing customer needs and to deliver real-time insight into activity across the enterprise.

  • ACI Admits Payment Maturity Model Is Ambitious

    Tuesday, November 16, 2010

    “Why not wake up and have an ambitious goal?” is the question electronic payments software provider ACI poses in its bid to garner support for a collaborative effort within the financial services industry to create common definitions of payment processes. Upon noticing payment processes are, according to ACI, a “silo-based mess”, it teamed up with consultancy firm Aite Group to develop The Payments Maturity Model (PMM).

  • ACI Survey Reveals Slow Adoption for EMV in North America

    Monday, November 08, 2010

    In a recent survey conducted by ACI Worldwide, an international provider of payment systems, 76% of respondents do not currently issue payment cards with EMV technology, and of that group only 15% have plans to do so within the next 24 months.

  • Flash or Blitz, It's Card Fraud by Any Other Name

    Sunday, November 07, 2010

    It's an ominous sign of future fraud when industry analysts describe a new method of attack.

  • Fraud Spree Strikes Seattle

    Wednesday, November 03, 2010

    A spree of payment card fraud incidents at multiple retail locations in Seattle has prompted an investigation by law enforcement authorities. And security experts say these crimes can be expected to happen more frequently as credit/debit card fraud evolves.

  • Article

    Tuesday, November 02, 2010

    It is said the first phase of the Southern African project, which will be led by the South African Reserve Bank, will seek to integrate the existing bank and payments infrastructure across South Africa, Namibia, Swaziland and Lesotho. This is expected to take up to two years and the scheme will eventually be spread further afield.

  • Retail Payment Processing: There's an App for That Isn't There?

    Thursday, October 28, 2010

    The strategic advantages and advances offered by new and emerging innovations in payments processing either outweigh or mitigate the majority of the deployment and investment concerns.