Although the corresponding 2000 buying season was soft, it wasn't as weak as most pundits had predicted. Customers complained that they couldn't complete online transactions because the site was too complex.
Events that can trigger a warning include the transfer of large sums of money between accounts or the purchase of expensive goods through retail outlets. Some banks are already using basic types of risk analysis behind the scenes and Hewgill...
Around 35,000 Commonwealth Bank customers in Australia are currently trialling the cards with selected retail outlets such as 7-Eleven. Channel development manager of the convenience chain, David Anstee, said he had not fielded any complaints from...
A number of retail outlets and high street banks within the east end of London have agreed to participate in the venture. Principal analyst Alistair Newton predicted the proliferation of consumer technology and the globalisation of money markets.
The fast food chain committed to rolling out free wireless internet connectivity across its 1,200 outlets in what observers saw as a move to try and attract more customers away from trendy coffee bars.
While almost half (225) of the 500 testers also got the Barclaycard Visa payWave application preloaded with £200 which they could use to pay for low-value goods at selected retail outlets, O2 said the Oyster function proved more popular than the...