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How Credit Companies Use Social Credit Scoring

Posted on May 15, 2015 by Georgina Park |Leave a comment|

(Pixabay)

All across the world, it’s become common practice for employers to use social media to get a more rounded, realistic picture of potential employees. The data available on Facebook, Twitter, Instagram and LinkedIn can provide a wealth of information concerning a person’s character, so much so that now, perhaps unsurprisingly, financial institutions are also beginning to take advantage of it.

According to EuroMoney, an increasing number of independent lenders are gaining traction in the loans industry thanks to the use of social media to analyse credit risk. In many cases, the picture that these companies are able to build up using these methods enables them to lend to those who banks will not.

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How Safe is Your Data with Contactless Payments?

Posted on September 09, 2014 by Georgina Park |Leave a comment|

Radio-frequency identification (RFID) payment technology is here. It’s being used in smartphone retail payment solutions like Google Wallet, in prepaid payment cards like Transport for London’s Oyster card, and it’s being rolled out on debit cards for low-value goods up to £20.

There are already more than 20 million contactless credit or debit cards already issued in the UK and more than 80,000 merchant readers installed, with forecasters touting it for a big future because of the speed of use and convenience benefits it offers.

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What PCI DSS and its 288 Controls Mean to You

Posted on August 08, 2014 by Georgina Park |Leave a comment|


 

 

Do you have a credit card or debit card? Do you have any loyalty cards? Does your business accept card payments? Does your business handle cardholder data in any way, shape, or form? If you answered yes to any of these questions then PCI DSS affects you.

 

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What is Instant Banking and How Does it Work?

Posted on July 31, 2014 by Georgina Park |Leave a comment|

Most people will be familiar with online banking. Most people know their way around a mobile banking app. Even more people would have used their credit or debit cards to purchase something online.

But not everyone would have heard of Instant Banking. Touted as a quick, secure and simple solution to processing payments on the Internet, Instant Banking is an Internet payment method based on online banking.

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UK Financial and Retail Firms Branded “Naive” Over Data Security

Posted on July 04, 2014 by Georgina Park |Leave a comment|

UK financial services and retail organisations have been accused of being “naive” about data security after a new survey found that 60 percent are confident that their security controls are able to prevent the loss of data files.

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