Category Archives: Uncategorized

snippet Two men jailed in Houston and accused of using pirated computer software to steal more than 100 vehicles may have exploited an electronic vulnerability to advance auto theft into high-tech crime. [From Police: Laptop used to reprogram, steal more than 100 cars] snippet

snippet Removing cash from certain use cases is going to be tricky as it would be perceived as penalising lower income families. [From Cash is Dead! No. It isn’t! Pt 1 ] snippet

snippet Yes, we pay a credit-card fee on every transaction, but removing the mental anguish of having to deal with cash makes it more than worth it. [From Tribeca Citizen | Tribeca’s First No-Cash Restaurant ] snippet

snippet in Massachusetts. A state law on the books since 1978 states that no retailer “shall discriminate against a cash buyer by requiring the use of credit.” [From No cash allowed: Stores refusing to accept money – The Boston Globe ] snippet

snippet Stores don’t have to accept paper money. Despite the greenback’s apparent claim, the right for a store to refuse cash is supported both by the U.S. Treasury and the Federal Reserve. [From If cash is king, how can stores refuse to take your dollars? ] snippet

snippet 1. The terminal sends a random number to the EMV chip along with the total dollar value of the transaction, if it is known. The trick here is that the total value is often unknown so early in the checkout process. So to enable the chip card to be removed from the point-of-sale (POS)Continue reading “A New Specification Enables a Fast Dip for EMV and Speeds EMV Certification. Here’s How. – PaymentsJournal”

xxx Over the years, nonbanks have had surprisingly little difficulty replicating basic bank services. From ‘Banking Is Necessary–Banks Are Not’ Why has banking become less and less important to America? Let us count the ways. – May 11, 1998 That’s from almost two decades ago. It was clear then that banks had only the regulatoryContinue reading “‘Banking Is Necessary–Banks Are Not’ Why has banking become less and less important to America? Let us count the ways. – May 11, 1998”

xxx Most importantly, over half of WeChat users have been persuaded to link their bank cards to the app. That is a notable achievement given that China’s is a distrustful society and the internet is a free-for-all of cybercrime, malware and scams. Yet using its trusted brand, and putting to work robust identity and passwordContinue reading “WeChat’s world | The Economist”

Here’s another one of this elite milestones that don’t seem much at the time, but when you look back on it from the future it will be seen in retrospect as a key moment. We’re excited to announce TransferWise’s integration into the UK’s Faster Payments Service (FPS) as technical partner to Raphaels Bank… The integrationContinue reading “TransferWise the first tech company with direct access to UK Faster Payments Service – TransferWise”

The American chip and PIN rollout seems to be pottering along nicely. Whereas in England, for example, you pay at gas pumps by inserting a chip card and entering your PIN, or in certain technologically-sophisticated parts of the country (e.g., Addlestone) by using your Shell mobile app, and despite it being several years since toContinue reading “POST Hey cards, come on out with your hands up”