Category Archives: Uncategorized

snippet The team built credit card prototypes that can communicate directly with each other by reflecting Bluetooth signals coming from a smartphone. This opens up possibilities for smart credit cards that can communicate directly with other cards and enable applications where users can split the bill by just tapping their credit cards together. [From InterscatterContinue reading “Interscatter communication enables first-ever implanted devices, smart contact lenses, credit cards that ‘talk’ Wi-Fi | UW Today”

snippet Amsterdam Falafelshop owner Matt D’Alessio said he stopped taking cash in December when he realized more than 85 percent of his customers — a mix of tourists and Boston University students — paid with plastic and that he could save employee time and payroll costs by eliminating cash registers and trips to the bank.Continue reading “No cash allowed: Stores refusing to accept money- Boston Globe”

snippet Currently, approximately 400–500 of the company’s vending machines include cashless payment readers, which has resulted in about 32 percent of Coastal Canteen’s average machine sales coming from cashless usage. [From Cashless Payments Strengthen Consumer Choice | PYMNTS.com ] snippet

snippet Large banks’ trading income in Jan-Jun was 37% lower than in 2015, confirming the diminished role it is playing since the financial crisis (it contributes only a tenth to total revenues any more). The emerging single largest problem, however, is fees and commissions. They dropped by a full 10% yoy to the lowest H1Continue reading “Talking point”

snippet Andrew Goodwill, founder of the Goodwill group, which fights fraud, said: “The ombudsman’s ruling, while it will not set a formal precedent, suggests there was a flaw in the due diligence that Lloyds should have carried out when the fraudsters’ account was opened.” [From Hope for bank fraud victims: ‘We were robbed of £47,000Continue reading “Hope for bank fraud victims: ‘We were robbed of £47,000 – but the ombudsman took our side’”

xxx Ninety percent of the rise in online fraud in the last year can be explained by EMV alone From Report: Online Fraud Attack Rate Increases 137% YoY – Sept. 1, 2016 CardNotPresent.com xxx

xxx I’m pleased to announce the release of our first whitepaper on Corda: an introductory, non-technical overview that explains our vision, some design choices and outlines the key concepts underpinning the platform.  From The Corda Non-Technical Whitepaper — R3 xxx

xxx The rigorous KYC procedures at US banks the New Jersey-based crime ring created more than 7,000 fake identities to get tens of thousands of credit cards From Woman Gets 3 Years for Role in $200M Credit Card Fraud Scam – ABC News xxx xxxx Barclays slated after CIO takes a year to open a bankContinue reading “Barclays slated after CIO takes a year to open a bank account”

xxx U.S. banks want their customers to “zelle” each other. From America’s Biggest Banks Have a New Name for Their Venmo-Killer: Zelle – WSJ xxx

xxx Deutsche Bank’s chief executive has warned of the “fatal consequences” of the European Central Bank’s negative interest rate policy, which he said punished savers and could even undermine the recovery. From Deutsche boss: negative interest rates are ‘fatal’ xxx ] According to McKinsey (2016), global payment revenues are around $1.7 trillion (and will be $2 trillion by 2020). PaymentsContinue reading “Deutsche boss: negative interest rates are ‘fatal’”