What treasury and finance executives need to know about encryption Treasury and finance executives need to know enough about encryption and security to ensure that those policies not only match the company’s general attitude towards risk, but also account for particular risks associated with certain departments and processes. Encryption is a good safety measure because […]
New virtual currencies a risky bet for corporations Virtual currencies have been in the news lately, with Bitcoin in particular gaining attention from an influx of new users and acceptance at thousands of retailers. But should all treasury groups consider using virtual currencies? If so, what are the risks? OkCupid, an online dating service, readily
Big data–the catch-all term for collecting, storing and analyzing massive amounts of data–is the hot business topic this year. For treasury and finance professionals, however, there are some risks associated with big data. These risks include compliance and regulatory risks, the risk of wasting money on misguided big data projects, and the risk of doing
Big Questions: Big data offers big opportunities and big risks for treasurers Read More »
I’ve written about Bitcoin before, warning that I was worried about volatility and botnets. Bitcoin has been on my mind again, lately, due to a big bubble spurred in part by the Cyprus financial crisis, worries that Linden Dollars might see increased regulation, and aKaspersky Labs report about botnets being used for Bitcoin mining. A
Bitcoin revisited: beware the bubble Read More »
Cloudy Does the cloud help or hinder credit card payment security and compliance? Depending on whom you ask, processing credit card payments in the cloud is either a great leap forward for security and compliance, or a big step backward. Actually, it can be either–depending on the type of cloud you have in mind and
Risk transfer opportunities have proliferated, as have the threats The bad news keeps coming. Every month, some company somewhere is hacked and loses confidential data. A storm of negative publicity — and lawsuits — quickly follows. Everyone is a potential target, and nobody is safe. Yet, according to a global survey by PricewaterhouseCoopers, the majority
Cyberinsurance: Products Mature but Still Underused Read More »
Of all the virtual currencies out there, BitCoin is the most interesting from a technical perspective – and the least interesting from the business point of view. BitCoin is a peer-to-peer virtual currency that uses cryptography to control the creation and transfer of money. Unlike all other currencies, BitCoin is completely independent. “It is company
Bitcoin: Seven reasons to be wary Read More »
PCWORLD–Of all the virtual currencies out there, BitCoin is the most interesting from a technical perspective – and the least interesting from the business point of view.
7 Reasons to Beware Bitcoin Read More »
NETWORK WORLD–Of all the virtual currencies out there, BitCoin is the most interesting from a technical perspective – and the least interesting from the business point of view.
Bitcoin: Seven reasons to be wary Read More »
Virtual currencies jump the fence from in-game tokens to real-world rewards Which would you rather get as a reward for doing business with a particular company: frequent flyer miles, cash rewards, or two virtual cows on FarmVille? Major companies like American Express are betting that you pick Farm Cash or some other type of virtual
Farm Cash vs. Hard Cash Read More »
Alfa-Bank and Rosbank earlier this month merged their ATM networks as the Russian financial institutions looked to compete with Sberbank, the country’s largest bank. The merged network has more than 5,500 ATMs in 539 cities and towns. Customers of the two banks now may use either bank’s ATMs without paying a surcharge fee and without
Russia’s Alfa-Bank And Rosbank Sign Surcharge-Free ATM-Sharing Deal Read More »
The Russian credit card market grew to 422.9 billion rubles (US $13.4 billion) in receivables in the first quarter of this year, up 79% from 235.8 million rubles during the same period last year, with more than 14.5 million credit cards in circulation, according to a new research report released late last month by Russia’s
Russia’s Q1 Credit Card Receivables Rise Read More »
The Russian credit card market grew to 422.9 billion rubles (US $13.4 billion) in receivables in the first quarter of this year, up 79% from 235.8 million rubles during the same period last year, with more than 14.5 million credit cards in circulation, according to a new research report released late last month by Russia’s
Russia’s Q1 Credit Card Receivables Up 79% Read More »
Near Field Communication (NFC) will enable contactless mobile payments at the register An emerging technology called Near Field Communication will soon give new meaning to the phrase “tapped out.” Once NFC systems become widespread, which could happen as soon as next year, consumers will be able to pay for purchases at the checkout counter by […]
Hold the phone: retailers eye payments via smartphone Read More »
