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xxx The only means of barring UK citizens from using the service would be a Chinese-style “great firewall”, cutting Britain off from the rest of the internet. In 2015, before entering the cabinet, Brexit Secretary David Davis warned of ending encryption: “Such a move would have had devastating consequences for all financial transactions and onlineContinue reading “The problems with ending encryption to fight terrorism”

BBVA, for example, use the same model that Consult Hyperion has been using with its clients to help them think through their strategies. The “Three Domain Identity” (3DID) model maps “real”, virtual and digital identities to identification, authentication and authorisation processes. BBVA describe these as follows: Identification: definition of the attributes that confirm, beyond anyContinue reading “How does PSD2 affect bank customers’ digital identity?”

xxx “‘Because Apple doesn’t allow access to the NFC chip in its handsets, we’re using Bluetooth Low Energy technology as a method to connect the terminal to the phone, which results in the exact same experience as any other NFC handset payment,’ he said.” Has Denmark cracked the code to the mobile wallet? | AmericanContinue reading “Has Denmark cracked the code to the mobile wallet? | American Banker”

Writer, cyberpunk progenitor, very nice guys and genius social commentator, once said: “You know what’s truly weird about any financial crisis? WE MADE IT UP. Currency, money, finance, they’re all social inventions.” The WELL: Bruce Sterling: State of the World, 2009 xxx

I’m sure you’re all familiar with the famous “Turing test”. It is named after Alan Turing, one of the greatest ever Englishman, a pioneer of computer and a man who Winston Churchill himself said did more to defeat the Nazis than any other single person. Turing devised his test as a thought experiment to seeContinue reading “The HAL test”

xxx On a panel about the supply chain, Brian Iselin, president of Slavefreetrade.org took off his pants to make a point about how blockchain could potentially remove slave labor from the supply chain. From ‘Spiritual Experience’: Hot, Wild Ethereum Summit is Sign of the Times – CoinDesk xxx

xxx “Adam Bialy, head of payment technology at Sainsbury’s, revealed at an RBTE 2017 panel discussion that retailers currently see mobile payment vendors as a ‘threat’. The retailers’ perspective is that many people have joined the payments industry just because they want a piece of the data,’ said Bialy.” RBTE 2017: Sainsbury’s throws down gauntletContinue reading “RBTE 2017: Sainsbury’s throws down gauntlet to mobile payments industry – Essential Retail”

xxx “According to a 2011 GAO study, the replacement of dollar bills with dollar coins would save an estimated $5.5 billion in costs over 30 years[4].” One Way or Another: New Legislation Seeks to Change America’s Circulating Coinage xxx

xxx “Three Chinese citizens who traded on insider information by hacking into the systems of two New York-based law firms have been fined $8.8 million by the Securities and Exchange Commission… The three defendants gained access to all e-mail accounts at the unidentified firms “ Chinese hackers made $3 million trading on confidential M&A dat…Continue reading “Chinese hackers made $3 million trading on confidential M&A dat…”

xxx “Last year there were 22,525 cases of ‘facility takeover fraud’, where criminals steal their victims’ details and impersonate the innocent party to withdraw money from their accounts, make payments in their name or upgrade products or contracts.” ‘How did a fraudster impersonate me at a Lloyds branch and withdraw £8,000?’ xxx xxx “More than 50pcContinue reading “‘How did a fraudster impersonate me at a Lloyds branch and withdraw £8,000?’”