Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
The jury's out – well, not even selected - on this latest one but, at 1:1, the verdicts on the two previous lawsuits around EFT and ACH frauds in the USA are matched evenly between corporates and banks. It seems fair to find in favor of corporates where banks haven't complied with FFIEC and other well-established security guidelines. Issued over fi...
21 July 2011 /payments /wholesale
No, not because it's innovative - it isn't. I can think of at least one provider of this type of alternative payment each in the USA, UK, Netherlands and India that has been around for several years. Called 'Secure Vault Payment' or 'SVP' in the USA, these payment methods connect online shoppers with Internet Banking portals of domestic banks se
17 June 2011 /payments
A month ago, when I read this news item on Finextra about ISIS ditching Discover and deciding to tie up with Visa and MasterCard, something didn't sound right. After all, creating another payment network seemed to be the raison d'être for the formation of this company. And, since it had the backing of Verizon Wireless, AT&T and other leading A...
20 May 2011 /payments
Kudos to Actiance for coming up with a product like Socialite that grasps the nuances of social media usage and allows companies, even in highly regulated industries, to enjoy the benefits offered by social media and stay on the right side of the law at the same time. Although it’s not a bank, I hope Socialite’s implementation in such a marquee fi...
22 April 2011
The last year has been awash with news and analyst reports about how American consumers are forsaking credit cards and increasingly using debit and prepaid cards. Given that credit cards are a “pay after” instrument as against debit and prepaid cards that are “pay now” and “pay before” instruments respectively, pundits have concluded that the sh
18 April 2011 /payments
Legend has it that the credit card was invented in the 'fifties when one Mr. Frank McNamara had forgotten his wallet at home and had no cash to pay for a party he'd thrown for his important customers at a restaurant. Being a senator, he had enough clout to survive the incident but decided to do something so that neither he nor anyone else should
03 December 2010 /retail
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