Gian Mahil Director at The FinTechGuys
Having looked at Pay-By-Bank in my previous post I thought it would be useful to look at another new payment innovation Request to Pay. This promises to be revolutionary new way of paying bills over the old Direct Debit (DD) that we all love or hate for different reasons. This is proving to be a very popular method of payment and can be found und...
01 December 2022 /payments /retail Banking Strategy, Digital and Transformation
Pay-by-Bank solutions are suddenly the fashion in the payments world. Solutions are available from HSBC, JP Morgan, Barclays, JP Morgan, Mastercard and World Pay to name a few. How do they work and do they help or hinder fraud? They promise convenience at the point of sale. But, what about fraud? Do they help combat that? Billers whose consumers a...
17 November 2022 /retail /crime Payments strategies 2015-2020-2030
Open Banking is finally coming of age. More and more applications are available that ride the Open Banking rails bringing innovation and efficiency to financial services, businesses, and consumers. In this article, I will look at some industry sectors that are using Open Banking today. According to the OBIE a Dec 20201 for the UK there were: 6 m...
09 November 2022
I never thought I would start a serious blog on cryptocurrencies by mentioning Kim Kardashian. At the beginning of October 2022, the US Securities and Exchange Commission (SEC) announced charges and settlement against Kim Kardashian. The SEC Order found that Ms Kardashian failed to disclose that she was paid USD$250,000 to publish a post promotin...
09 November 2022 /crypto /crime Financial Literacy for Kids
Like a lot of other people, I love going to the gym and having a swim and sauna afterward. Going to the gym helps me to relax for a while away from the day-to-day grind. After the gym, I may go to the shops or grab a coffee. Just like millions of others every day. This means I need to have my phone and card(s) with me. However, as reported by the...
08 September 2022 /retail /crime Exposing Financial Crime
In November 2021 Amazon announced that they will no longer accept Visa Credit cards in the UK – they had already done this in Singapore and Australia. To the layperson, this might sound like Amazon are shooting themselves in the foot and just before Christmas! What’s going on you may ask? Currentl...
08 September 2022 /payments /predictions Digital Banking Trends
During and post-Covid 19 the world has been hit by a tsunami of fraud. With the move to electronic money where everyone has their money in digital form, the criminals have realised this has made it easier for them to part you from your money. They don’t need a gun, a knife – just a phone and a computer and they don’t have to come to you. They can ...
07 October 2021 /payments /crime Personal Finance
It’s been reported recently that £4m is stolen every day by fraudsters in the UK. That’s a lot of money even by today’s highly inflated standards. Isn’t it time to ask the difficult question - are banks part of the problem? Like the rest of us todays’ criminals/ fraudsters, don’t like cash – it’s not safe. They might get robbed! They want their mo...
24 September 2021 /payments /crime Payments strategies 2015-2020-2030
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