Daily Archives: May 10, 2012

Banks, Checking & Savings, Credit Cards, Financial, Financial Management, Financial Services, Financial Solutions, Money, Personal Finance

Barclaycard PayTag Turns Any Mobile Phone Into A New Way To Pay

Barclaycard has announced the launch of Barclaycard PayTag, a new way to pay with a mobile phone. Millions of Barclaycard customers will be offered the chance to make payments with any mobile phone by simply sticking a Barclaycard PayTag to the back of their handset.

Available at no cost, and exclusively to Barclaycard Visa cardholders, Barclaycard PayTag is an extension of a customer’s credit card account. At a third of the size of a normal card, the credit card stickers can be discreetly stuck to the back of any mobile phone. Once attached, it can be used to make payments of £15 and under, rising to £20 in June, by simply being held over a contactless payment terminal.

David Chan, CEO of Barclaycard Consumer Europe, said: “We are offering the choice of mobile payments to millions of our customers at no additional cost to them. More than half of us say that the item we’re most lost without is our mobile phone*, so we’re giving people the option of using them to make easy, convenient, everyday payments without the need to upgrade their current handset.”

The announcement comes as Visa predicts that the number of contactless point-of-sale terminals in the UK will rise by 50% to 150,000 in 2012. Major retailers that offer, or are introducing, contactless include Waitrose, McDonalds, Boots, WH Smith and Tesco. By the end of 2012, London buses will also accept contactless payments, followed by the Tube and the rest of the transport network in the Capital in 2013.

Barclaycard PayTag is safe and secure, and comes with the same 100% fraud protection as any Barclaycard. An exclusive group of customers will be invited to receive their Barclaycard PayTag in the coming weeks, before they are offered to millions of Barclaycard customers later in the year.

David Chan, added: “Barclaycard is developing a wide range of initiatives which will ultimately enable everyone to enjoy the benefits of mobile payments. Barclaycard PayTag is another milestone on our journey to make paying easier, and sits alongside other easy ways to pay with your mobile such as those we offer in partnership with Orange.”

Barclaycard and Orange announced that credit or debit card holders from all UK banks would be able to load money onto Barclaycard’s mobile payments application, in the Quick Tap wallet. This will open up the opportunity for contactless payments to more Orange customers. Orange also confirmed that it would be making Quick Tap available on a range of Android smartphones, with the first to be announced in the coming weeks.

Research carried out on Barclaycard’s behalf predicts that £3 billion worth of purchases will be made with mobile phones in the UK in 2016**. Barclaycard PayTag provides customers with the choice of simple mobile phone payments now, without having to wait to upgrade, and at no additional cost.

Via EPR Network
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Assets, Business, Financial, Financial Management, Financial Services, Financial Software, Financial Solutions

APT Calls For Risk To Be Brought Into The Front Office

In a provocative yet insightful paper to be delivered to delegates attending the SunGard Industry Seminar on London, May 2nd, it will be argued that one of the biggest challenges facing risk managers is not the complexity or volatility of global markets but the need to simply prove the value of their work to the front office. This is despite the increasing recognition of the importance of risk management and risk analysis for financial institutions.

The paper, entitled ‘Searching Alpha and Avoiding the Abyss: Bringing Risk into the Front Office & Forecasting the next Greece’ will be presented to delegates from all sectors of the investment industry at a seminar organised by SunGard APT, the leading provider of investment technology and solutions.

The paper’s authors, Ian Barnett, head of Front Office Analytics at HSBC, and Dr. Laurence Wormald, from SunGard, argue that the need to clearly demonstrate the value of risk management has never been stronger. As well as this, for its effectiveness to be truly realised, it must come out from the back or middle office and be placed centrally in the front office. They go on to outline ways in which risk could be‘brought in from the cold’ by producing actionable risk insights that could add significant value to the day-to-day work of traders and portfolio managers.

The SunGard Industry Seminar in London on May 2nd will be held at the Andaz Liverpool Street Hotel. Part of a series of global events and seminars entitled‘Capitalizing on Change through Transparency, Efficiency and Networks’ delegates will explore how they can best meet the challenges presented by a wave of new regulations, along with continued growth of emerging markets and the technological revolution, which are all rapidly transforming how the financial services industry operates.

SunGard is one of the world’s leading software and technology services companies. With four businesses, including APT, the company serves approximately 25,000 customers in more than 70 countries. The seminars will be held across the globe, giving practitioners the opportunity to capitalize on change wherever they are based. Similar events featuring high profile speakers and industry experts are already scheduled to be held over the next few months in Paris, Frankfurt, Hong Kong, Singapore, Shanghai, Kuala Lumpur, Sao Paulo and Dubai.

Via EPR Network
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