Following the PCI Security Standards Council’s new standard for software-based PIN entry into COTS devices, David Poole, Global Head of Mobile POS Devices at MYPINPAD, shares his thoughts.
We are delighted the PCI Security Standards Council has announced a new standard for software-based PIN entry into COTS (Consumer Off-The-Shelf) devices for card payment acceptance. The standard aligns tightly with our goal of increasing merchant card acceptance globally whilst also mitigating risk for both retailer and consumer.
The standard includes a specification for isolating and protecting the card PIN when entered into touchscreen smart-devices (phones and [...]
Blockchain expertise center Distributed Lab has announced a solution based on blockchain technology, which will increase management transparency in the corporate sector and public sector.
“This solution is effectively a prototype for how transparency can be increased in management in the public sector and in state bodies. Testing of this approach in the business world currently looks hugely more realistic by comparison with implementation of the same solution a priori in the state sector. On the other hand, the corporate sector will be getting a usable tool which comes with a large number of features for solving the pressing task of increasing transparency in management and [...]
Are you worried about your business’s finances getting out of hand? This is a serious concern for all business owners because the financial health of your business will ultimately determine how successful your company becomes. However, there are many ways to take control of your business’s finances so that you can focus on other aspects of your company. Below are some of the best ways you can address the financial side of your organization.Get Reliable Advice
A large number of the most frequently asked questions about startups are finance-related, so it makes sense to get advice from an expert in this field. A wide range of financial professionals such as [...]
There are plenty of accelerators around almost in every business sector you can think of. However, discovering the one for charities was quite a surprise for me. But it makes perfect sense – while technological innovation and new disruptive business models are changing the way we make money, they can also change the way we give, and the way we engage with the third sector. The Rainmaker Foundation is a community with a mission to innovate the charity sector by bringing the same resources and tools available to commercial organisations to not-for-profits. The community of Rainmakers come from a variety of backgrounds, and bring their experience, talent and connections to the [...]
2016 demonstrated the continued maturity and growth of the mobile app market. The mobile money transferring apps maintained strong momentum last year as publishers continued to develop apps that transform how we interact with the world and each other. Moneymailme is surely one of them.
“These are the facts: using mobile money is, on average, more than 50% cheaper than using global money transfer operators. Moreover, mobile money facilitates competition and drives down the price of remittance services.”, explains Mihai Ivascu, Moneymailme Founder and CEO.
“Over 240 million. That’s how many international migrants currently there are, according to figures from the UN. When [...]
BTcoinX.com, one of the world’s most popular cryptocurrency exchanges, announced today that they will launch a retail based cryptocurrency trading platform to cater to retail investors to trade in small blocks in January 2017. The firm says the push into retail cryptocurrency trading is part of an effort to make the cryptocurrency accessible to everyone and to create the most advanced digital currency exchange platform on the market. The three-year old platform, BTcoinX.com has registered an explosive growth since its launch in 2013, providing two-sided liquidity trading for institutional investors of digital currencies. It is now one of the top cryptocurrency exchanges in the world. [...]
Whenever I hear that women “can’t have it all” I always try to think of a good example why it’s not true… When I met Georgia Hanias I had the impression I found one. The Head of Global Communications for Innovate Finance, she is something that a modern woman aspires to be – successful, with a strong sense of mission and purpose, with a good family. But as I found out it wasn’t that easy for her. We had a cup of coffee with the famous L39 view, and touched upon many issues about fintech, Brexit and diversity. Here are a few things I would like to quote Georgia on…
Brexit and UK Fintech
“We polled our members after the referendum and it became clear that overwhelmingly [...]
Changing Investment [...]
London is set to lead a dramatic growth in the regulatory technology (“RegTech”) industry, according to new research from FinTech Global, a specialist data and intelligence firm.
Key findings of the research are as follows:
• RegTech investments have more than tripled over the last five years.
• London has established itself as the global leader in RegTech deals.
• Growth is being driven by an increase in investments in anti-fraud companies.
• Investors expect strong growth to continue and London to maintain its leadership position.
RegTech investments increase by 3.5 times
Over the last five years, investments in RegTech companies [...]
Digital financial transfers move at the speed of email. The bug in the system is the accuracy of the actual bank data. Wrong email address, email delivery failed. Wrong bank address, in country payment codes, beneficiary details, transfer failed. This, hundreds of thousands of times a day. Entire departments dedicated to dealing with a queue of ‘exceptions’. Bank to Bank transfers include domestic and overseas wage runs, pension payments, client transfers, government transfers, and pretty much everything else involving sending money from A to B.
Why it’s an inevitable problem.
Bank identification data is not static. It’s ever changing. And every time it changes, the [...]