Banks chase IT solutions | Telco, Internet and IT Wednesday, April 27 – 2005 at 16:24 Banks in the GCC are matching their international counterparts in deploying the latest banking solutions, according to a study done by Dubai-based Madar Research Group. The study says that of the $1bn spent on IT by the GCC banking industry, 40% is devoted to IT infrastructure expansion and upgrade with a focus on security issues. Continue reading Banks chase IT solutions
UAE Internet penetration best | Telco, Internet and IT United Arab Emirates: Tuesday, April 26 – 2005 at 10:14 The Internet penetration in UAE is one of the highest in the region with penetration rate of 9.6% at the end of 2004, according to a report by the Arab Advisers Group. Continued growth is predicted for 2004-2009, but at a lower rate, with much of the growth being dialup users upgrading to broadband services. Continue reading UAE Internet penetration best
To go online or not to go online? That’s no longer the question | Digital Marketing
The Internet is far from being the unreliable, young, black sheep of the regional media scene. It is, perhaps, the most reliable and cost-effective way to reach a target audience and market your product. Martin Diessner, CEO Flip Media, discusses.
United Arab Emirates: Wednesday, February 02 – 2005 at 12:25 GMT+4
Continue reading “To go online or not to go online? That’s no longer the question”
It’s important that we all know who you are – Jobs – Times Online
WHO are you, as those giants of existentialism The Who once asked. It’s a simple but pertinent question, and one that is increasingly being followed by another: can you prove it?
Identity is a hot topic and it has the photo card to confirm it. Everyone wants to know who you are, what your mother’s maiden name is and whether you know your PIN code.
Continue reading “It’s important that we all know who you are”
This quote below captured from this piece or here by Payments News is interesting. I have heard certain un-named senior exectives in the financial services industry indicate Paypal are of no concern, becuase they are P2P only, or because they are USA only …. hmmmm Payments News: PayPal’s Goal: The Global Standard for Online Payments “Our goal,” >he said, “is to be the global standard for online payments.” Continue reading Paypal goal – global standard
Aug. 03, 2005
By: Mickey Alam Khan
Senior Editor
mickey@dmnews.com
PHILADELPHIA — ETail 2005 delegates sitting out PayPal president Jeff Jordan’s presentation yesterday missed a sales call.
The chief of eBay’s online payment method pitched attending e-commerce executives and suppliers on PayPal’s virtues. He was particularly smart in positioning the credit card alternative as a bulwark against online fraud — quite visibly the concern of many in the room.
“You can, and should, look at your payments provider as another level to reduce fraud costs,” Jordan said.
Continue reading “Jordan Touts PayPal as Fraud Fighter”
Finextra: E*Trade Financial to introduce two-factor authentication E*Trade Financial has become the latest US financial institution to announce a move to two-factor authentication for customers transacting over the Web. Available in Q2 2005, the new security system uses a small RSA token device to provide customers with a random, six-digit code that changes every 60 seconds. The code is used in conjunction with standard password-based access control measures to offer an additional layer of security to customers. Lou Klobuchar, president, E*Trade Financial Services, comments: “We are now making available to retail customers an additional and voluntary layer of password security … Continue reading E*Trade Financial to introduce two-factor authentication
Finextra: SMS text authentication a hit down under
New Zealand’s ASB Bank says over 19,000 customers have registered to use its Netcode SMS authentication system for transacting over the Internet since the service was launched in December 2004.
Registered Netcode users are texted a code when they carry out applicable transactions, which they must enter online to validate their identification. Netcode was developed with RSA Security and with the endorsement of the New Zealand Police E-Crime Laboratory.
Clayton Wakefield, head of technology, operations and cards at ASB says: “Our experience is very positive and we believe we have achieved a balance between the current risk of fraud, the cost of the service and inconvenience of providing an additional step in the online banking process. The reaction from customers and appetite for this type of solution has been excellent, so much so that we are trialing additional security systems as a complement to Netcode.”
Continue reading “SMS text authentication a hit down under”
Recently attended a Gartner presentation on the state of wireless .. some notes, on how this might play out in terms of payments:
Continue reading “Towards a payment model for wireless”
Just had an interesting conversation with a colleague on this. The fundamental question we need to answer is why payments matter to consumers. Assuming people only need money to buy things, then its a given that payments are a critical element of consumers life style, yet they are at best an annoyance, and certainly not fun. So the web lifstyle has to bring convenience, and simplicity for making payments. Financial Services providers care about this, because payments are the conduit to balances, both loan and deposit balances, and balances are how FI’s make money. This is one of the new … Continue reading Payments and the web lifestyle
