Wednesday, August 31st, 2011
In this holiday month the PCI Data Security Council has taken the opportunity to update guidelines for merchants using Wireless technology to collect payments and also to issue guidelines for the growing number of merchants employing Tokenization. The Payment Card...
Cheques Reprieved!
Tuesday, July 12th, 2011
Britain's banks have u-turned and scrapped plans to consign cheques to the history-books. In late 2009 members of the Payments Council voted to set a provisional target of 2018 for the abolition of cheques - which have seen declining popularity...
Wednesday, March 9th, 2011
Total fraud losses on UK cards fell by 17% compared to 2009. Total 2010 losses of £365.4m are the lowest since 2000 and follow on from a fall of 28% in 2009, says the UK Cards Association. The downward trend is...
Thursday, October 28th, 2010
Our banks could have to pay out over £5 billion to compensate customers who were mis-sold insurance policies after Bank of America were warned that it faces a big hit. The competition watchdog has been probing the possible mis-selling of...
Monday, October 25th, 2010
Global banking supervisors have agreed to phase in the introduction of a new global standard on lenders' minimum short-term funding cover, allowing under-pressure banks a collective sigh of relief. The Basel Committee (representing 27 countries) had already agreed to...
Friday, October 22nd, 2010
Have you been told that your card payment processing charges are going up? There is widespread evidence that most of the major merchant acquirers are imposing – or trying to impose - price increases across great swathes of their customer bases. The...
Monday, September 13th, 2010
The world’s central banks have announced new “reserve capital” requirements for banks to – ideally – ensure they neither fail nor require taxpayer support in future crises. Whilst I personally welcome the fact that this is a unified global response...
Wednesday, July 28th, 2010
With 1 in every 36 £1 coins in circulation in the UK counterfeit, how can managers guide staff to spot forgeries? Almost two million counterfeit £1 coins were returned to the Royal Mint in the last financial year. This was more than...
Wednesday, July 7th, 2010
Visa's contactless cards in UK circulation passed the 8 million mark in June and will grow to 12 million by the year end, so reckons the card scheme. Whilst much of the current growth is down to Barclays' decision to issue contactless cards as...
Wednesday, June 16th, 2010
Metro Bank will - hopefully - be a name to reckon with before too long. Its first branch opens in London's Southampton Row on 29th July, with Earl's Court a week later. 12 more London branches and a total...