Category Archives: Uncategorized

xxx According to the latest PYMNTS.com Global Cash Index, cash is the most widely accepted method of payment in the biggest Western European economies, where €2.1 trillion of cash transactions were completed last year. From 5 reasons why cash doesn’t go out of fashion | Banking.com Well, it might be the most widely accepted butContinue reading “5 reasons why cash doesn’t go out of fashion | Banking.com”

xxx But now Mark Carney, the Governor of the Bank of England, has suggested that the 1,200-year-old British penny could be scrapped. From After 1,200 years, could it really be time for the penny to be dropped? Actually, I’ve suggested it more than once but just because he’s the Governor of the Bank of England hisContinue reading “126 million coins taken out of circulation since rounding scheme introduced – BelfastTelegraph.co.uk”

xxx Nearly a third (31%) of those who were defrauded reported falling victim to a hack which occurred when making a payment online. O ne in 10 (10%) had their card duplicated at an ATM and a small proportion (8%) said they had been hacked when making a contactless payment. From 4.5m debit or creditContinue reading “4.5m debit or credit cards cancelled after fraud, study shows | Daily Mail Online”

Now we all know what the bitcoin blockchain is, don’t we? It’s a particular kind of shared ledger that uses a particular kind of communications protocol to obtain a particular kind of consensus about a particular kind of content. Right? And it’s just one particular version of the general class of blockchains, which share theContinue reading “The immutable blockchain. No, wait…”

xxx Police arrested Dmitry Zakharchenko, the deputy head of the Energy Industry Department of the General Administration of Economic Security and Combating the Corruption (GAESCC), after the operation. According to investigators, police seized a sum of some $120 million and € 2 million ($2.2 million). From Money bag: Police raid on anti-corruption official uncovers overContinue reading “Money bag: Police raid on anti-corruption official uncovers over $120mn in cash — RT News”

xxx Paydiant, a subsidiary of PayPal, is launching a QR-based system that allows users to withdraw contactless cash from ATMs. The scheme will roll-out to more than 70,000 ATMs across the US, with customers being able to order cash through a mobile wallet app and then generate a QR code to use at the ATM. FromContinue reading “PayPal enables contactless withdrawal at 70k US ATMs – IBS Intelligence”

xxx Bruce was changing his business point of sale system. The system suppliers told him Eftpos would be free, the direct debit card – which he says few people use – would also be free, but payWave would be about 1.35 per cent and credit transactions cards even more expensive. From SunLive – You waveContinue reading “SunLive – You wave and we all pay – The Bay’s News First”

xxx Bank reserves can’t be used for settlement on a permissioned blockchain: they can only be used for settlement via a central bank RTGS system. In contrast, our Utilities Settlement coins – we assume – would be used for settlement on a permissioned blockchain collectively owned and managed by the consortium…. why would this arrangementContinue reading “‘Settlement Coin’ is All About Banks, Not Blockchain – CoinDesk”

xxx Beyond lessening the regulatory requirements and thus lowering the barriers to entry, two of the main advantages of a regulatory sandbox are the transparency of the licensing / application process, as well as the support regulators can provide to FinTechs to guide them through the process, speeding up the product development cycle and launch.Continue reading “The Regulatory Sandbox | Ariadne Plaitakis | Pulse | LinkedIn”

xxx Patients who use fake medical notes to take extra time off work could be struck off by their GP. Websites are offering bespoke notes purporting to be from a customer’s family doctor – for as little as £10. From GPs could blacklist patients who use a forged doctor’s note to pull a sickie |Continue reading “GPs could blacklist patients who use a forged doctor’s note to pull a sickie | Daily Mail Online”