Online Banking

This community is for discussion of developments in the e-banking world, including mobile banking. This can include all the functional, business, technical, marketing, web site design, security and other related topics of Internet Banking segment, including public websites of the banks and financial institutions across the globe.

Shaju Nair Payments SME, Product Manager at Temenos

Ease of making payments vs speed of making payments

I was 30 miles away from Bangalore City, in a quite village, ordering for red-bricks from a nearby brick factory over phone. I was extremely pleased to hear the manger say that he will accept account transfer, and passed on his bank code and account number. An hour later the truck arrived and as the unloading of bricks commenced, I got on to my pho...

24 September 2017 /payments

Retired Member 

Open Banking: Open for Business or Closed to Progress?

The future of banking is indisputably Open Banking. Open in all senses of the word: transparency, ease of access to information and a place at the table for new market players. Open for everyone, without exception. A straightforward concept in theory, with several underlying practical complexities: The first: the overall playing field. With the te...

13 September 2017

Sadra Boutorabi Product Marketing Director at GPayments

3D Secure 2.0 and PSD2, live together in perfect harmony

What is PSD2? PSD2 is the second iteration of ‘Payment Services Directive’ (PSD), a European Union (EU) directive first introduced in 2007 to regulate payment services and payment service providers (PSPs). PSD also allowed for better pan-European competition and participation in the payments industry while threatening to break-up the banking indust...

23 August 2017 /security

Retired Member 

Tips to Strengthen the Security of Mobile Banking Apps

With the advancement of technology, the world is moving towards the cashless economy system. The internet has facilitated people with e-banking facilities. The recent statistics reveal the fact that there has been a tremendous increase in the number of users opting for internet banking. According to a research, it was found that around 35% of the...

17 August 2017 /security

Retired Member 

Why Blockchain Might Not Be The Future For Online Payments

When it comes to making payments online, cryptocurrencies such as Bitcoin are a method of alternative payments using blockchain technology to allow someone to make transactions without the need of an intermediary. Since transactions are made through the publicly distributed ledger of a blockchain, the transaction history is not contained in a cent...

14 August 2017 /payments

Retired Member 

PSD2 and the Cost of Using the Staircase When the Elevator Fails

A few years after Bautista closed his business I casually met him in a cafe nearby the Town Hall. After saying hello to him and asking how were things going (not very well, I must say) we started talking about his business and why he had closed it down. He said that he did not understand why the Town Hall passed a law to promote competition in fina...

23 July 2017 /payments /regulation

Retired Member 

PSD2 and the Secure vs Insecure Staircase Debate

A few years after Bautista closed his business I casually met him in a cafe nearby the Town Hall. After saying hello to him and asking how were things going (not very well, I must say) we started talking about his business and why he had closed it down. He said that he did not understand why the Town Hall passed a law to promote competition in fin

18 July 2017 /payments /regulation

Retired Member 

PSD2 and the Elevator vs Staircase Paradox

I live in a town called Villa Arriba (uphill town in Spanish), which is very close to Villa Abajo (downhill town). Although they are close, they communicate through intricate mountain roads and there is not much business between both. Although in the recent crisis many banks merged, there are still plenty of them in Villa Arriba. However, there see...

15 July 2017 /payments /regulation

Mike Lynch Chief Strategy Officer at InAuth

Mobile Malware Targeting Banks

Mobile malware threats are very real, and growing in sophistication. On mobile, many new types of malicious software have spread via phishing, smishing (SMS based phishing), and even malicious apps disguised as legitimate apps that consumers knowingly download. For this reason, businesses need to implement device intelligence solutions that have t...

20 June 2017 /security

Retired Member 

Microservices paving road to continuous modular development

In a tech world where microservices architecture is enabling unprecedented agility and scalability Gartner is predicting by 2018 most application platform as a service providers will include microservices infrastructure capabilities. With companies like Airbnb, Dropbox and Goldman Sachs seeing development lead times cut by as much as 75 percent whe...

04 May 2017 /retail