Category Archives: Uncategorized

xxx Integrated into the company’s main app, CVS Pay lets customers combine payment, prescription pickup and loyalty programme access all in one quick scan at checkout. From CVS follows Walmart with own mobile payments service – BayPay Members Blogs xxx

xxx The new rules from the Competition and Markets Authority are designed to promote transparency and clarity while providing an incentive for customers to switch providers. The model is taken from the UK’s deregulated electricity industry. Security experts, however, remain concerned over the potential of greater risk to customer data inherent in the new approach.Continue reading “Funny story, this. UK.gov’s ‘open banking app revolution’. Security experts not a fan of it • The Register”

xxx The default position in tort law is that it is very difficult to hold software developers liable for the harms their software wreaks. Software licenses — the terms on which people use software — generally disclaim all liability for problems the software causes. In keeping with the tech mantra that it’s always better toContinue reading “Call Blockchain Developers What They Are: Fiduciaries | Bank Think”

xxx From September, for savings in excess of 100,000 euros (US$111,710), the community’s Raiffeisen bank will take back 0.4 per cent. From Dailytimes | German bank starts charging customers in negative interest rate xxx

The combination o FingoPay is cutting out the middlemen (the bank cards, the smartphones and smartwatches), to let you pay with – you guessed it – your finger. From FingoPay: Move over Apple Pay, ‘Blood Pay’ is here The use vein-scanning as the non-contact biometric. xxx I also told [the BBC], in the spirit ofContinue reading “POST Biometrics could be the nail in the plastic card’s coffin”

xxx But what if law enforcement goes to the biggest miners in the world (representing at least 51% of the hashpower) and tells them that if they continue to confirm easily identifiable mixing transactions, they will be accused of money laundering. From On Fungibility, Bitcoin, Monero and why ZCash is a bad idea. – WeContinue reading “On Fungibility, Bitcoin, Monero and why ZCash is a bad idea. – We Use Cash”

xxx For sending banks, the bank processes the CXC transactions as they normally do: look up the receiver, run limit checks, apply fraud controls, and initiate the transaction. However, instead of settling via ACH to the end recipient’s DDA, the bank sends the payment transaction to CXC, which originates the Visa/MC original credit transaction (OCT)Continue reading “Levvel Blog – clearXchange Finds New Allies in the Quest For Ubiquity”

xxx Angeloni believes so. “Proof is that in the final two months of last year, when personal incentives were no longer available, cashless payments continued to grow,” he says. From Cashless payments: How one city has made electronic transactions pay off | ZDNet xxx

xxx Instant person-to-person payment is something that people in many other countries have been able to do for years, and the absence of the service in the United States has been a marker of the relative backwardness of American banks. From Under Pressure, Big Banks Vie for Instant Payment Market – The New York TimesContinue reading “Under Pressure, Big Banks Vie for Instant Payment Market – The New York Times”

xxx Berners-Lee’s new project, underway at his MIT lab, is called Solid (“social linked data”), a way for you to own your own data while making it available to the applications that you want to be able to use it. With Solid, you store your data in “pods” (personal online data stores) that are hostedContinue reading “Tim Berners-Lee and Solid Want to Protect Your Data | Digital Trends”