Sharon Fraser, partner in the consumer business practice at Deloitte, said: "This tells us convenience ultimately defines where we shop and where we spend money. The trend is there to stay at home and shop so I think the main competition is between...
Our customers use PayPal because they can shop online without sharing their financial information with sellers. Last year analyst Gartner warned banks to sell PayPal payments to retail customers, instead of trying to compete with the online company...
EMV, the consortium which oversees all credit card standards developments, in said all POS machines must be migrated to the chip architecture by 1 January 2005 otherwise the retailer will be liable for any fraud involving card transactions.
Many users would like to see banks and other financial institutions beef up their authentication procedures or strongly encrypt transactions. Banks are not taking the issue seriously enough as they have never been particularly good at establishing...
Some banks in Australia practice a two-pronged security strategy for fund transfers: customers are required to re-enter their password before money can be wired and transactions bear a cap of between AU$1,000 and AU$5,000 per day.
MasterCard today announced the launch of its Match anti-fraud database which will flag up traders who have been reported for financial irregularities previously and enable banks to more dynamically screen transactions.
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