Payments

Mobile payments – the promise that never happened, until Paypal

Colin Henderson

Excellent piece here reminds us of the pre dot-com promise of mobile payments, when the banks and others figured they had it figured out, with P2P and P2B paments. MobileRadicals Blog » Mobile Payment – Six years after WAP One of the appealing things to me in the early days of WAP was how it was going to change the way we paid for goods and services. No more queuing for cinema tickets, I’d just fire up my WAP browser and buy them online, and they’d be ready for me to collect when I got there. Similar kinds of things … Continue reading Mobile payments – the promise that never happened, until Paypal

Payments

Skype payment summary

Colin Henderson

Nice summary of payment options in different jurisdictions from Skype.

Payments — going global and staying local – Skype Blogs

Here’s a summary of what we’ve been working on in the payments area over the past months. Did you know that Skype supports natively no less than 14 currencies?Customers wanting to top up their Skype Credit to pay for Skype’s offerings can now take advantage of online payment methods, special vouchers and scratch cards bought from high street stores. As well as giving people more payment options, Skype has made it easier for people on most continents – including Europe, the Americas, Asia and Oceania – to buy and keep track of their Skype Credit in 14 local currencies, including Euros, US Dollars, Polish Zloty, Brazilian Real, Canadian Dollar, British Pound, New Taiwanese Dollar, Swedish Krona, Danish Krona, Norwegian Krone, Japanese Yen, Hong Kong Dollar, Australian Dollar and Swiss Francs.

Continue reading “Skype payment summary”

EU, Payments1 Comment

Paypal join Giropay in Germany

Colin Henderson

Significant event, with Paypal now integrating with “traditional”  payment carriers, in this case Giropay, which is supported by German Banks.  At first its only for ebay payments, but indications are for more merchants, and FI’s to join.

They are using the PIN/ TAN (personal identification number / valid transaction number) method which is not common in North America.  It allows the customer to access their bank and pay separately from the merchant site, but is also fraught with phishing issues too.
Continue reading “Paypal join Giropay in Germany”

AI1 Comment

The fiction that is secure email

Colin Henderson

I have been working on this matter for a while and its causing me more grief than I expected. There is no such thing as secure email unfortunately despite the best efforts from Yahoo, Yahoo and AOL, and others. But when it comes to Banks securing their customer correspondence there is only one general way, and that’s using a web browser, 128 bit encryption, and some type of browser based form.

Even the alternative vendors, and despite the hyperbole, that’s all they can offer too. So you can build or buy, and you will get secure correspondence using web forms, but you will NOT get secure email. Continue reading “The fiction that is secure email”

Security1 Comment

Security models – second level authentication

Colin Henderson

Its time to capture what I have learned about this space so far, how its evolved, and where it might go in the future that should guide banks’ investment in this space.

First of all, it’s highly relevant for bank customers, and therefore banks to get this straight. Authentication is the fancy word for how customers log in to their FI to perform financial transactions, and access services from their FI. Customers expect to be safe and secure when they do that, and they expect that only they will be able to log in to see their information, not some criminal. Continue reading “Security models – second level authentication”

Innovation, US

Banks that “get it” – Wells Fargo

Colin Henderson

Clearly one of the world leaders, they become the second bank to introduce RSS feeds. Wells RSS http://www.wellsfargo.com/rss/this_date or if you dont know RSS, try this: Wells about RSS https://www.wellsfargo.com/about/this_date Its quite a smart move to introduce this experiment by talking about Wells in history. Its low impact, yet rich and interesting. PS the other bank is below, but not much happening on their feed yet. Go to bmo.com and select “news feeds” in the right margin. Continue reading Banks that “get it” – Wells Fargo