Category Archives: Uncategorized

xxx Look no further than Japan’s hardware stores for a worrying new sign that consumers are hoarding cash—the opposite of what the Bank of Japan had hoped when it recently introduced negative interest rates. From Japanese Seeking a Place to Stash Cash Start Snapping Up Safes – WSJ xxx

I happened to working on a project looking at the impact of certain new technology-based finance plays on bank revenues a little while ago. For the (European) banks that we were looking at, net income for those functions broke down as 24 per cent from transfer functions, 43 per cent from payment functions, 19 percentContinue reading “POST Bank revenues”

xxx PayPal have blacklisted addresses which include the name “Isis” From B2fxxx: The tyranny of the algorithm yet again… xxx

xxx Given that a press officer from my own bank told me “You know, I’d never thought about using contactless abroad”, we clearly still have some way to go on this one. It’s a relatively new phenomenon and one that won’t have crossed many people’s minds until they’re confronted with a locked toilet door andContinue reading “Contactless cross-border”

xxx Alex Wrethman, owner of the Charlotte’s Group restaurant business, decided to make his most recent opening, W5, an entirely cashless affair. “We are entirely cashless, it’s cards and Apple Pay only. There’s no going to the bank. There’s no cash on site which takes about two and a half hours a day to count.Continue reading “Welcome to a cashless future where retailers recognise our faces | Guardian Small Business Network | The Guardian”

No. Could bitcoin technology help to ameliorate the conditions for some refugees in some circumstances? Well, that’s a very different question, and some people think yes. With a blockchain distributed database, when a Syrian refugee arrives in Greece, border authorities could check her identity on their copy of the ledger housing her ID and evenContinue reading “POST Can Bitcoin Technology Solve the Migrant Crisis?”

xxx The National Retail Federation has flagged anti-trust concerns with the FTC, slating the PCI for allegedly enforcing standards that serve to cement the power of the major card schemes. From Retailers flag PCI anti-trust concerns with FTC xxx

xxx From the border district of Murshidabad, Jewel and his gang were able to get thousands of pre-activated SIM cards, which were used to open 2000 bank accounts, and which in turn were used to open 18,000 digital wallets. These wallets were then used to siphon off money from the bank… Innocent villagers from theContinue reading “Digital Wallet Loophole Inspires 5 Engineering Students To Steal Rs 8.6 Crore In Kolkata”

xxx He says Apple Pay is appealing, but he wouldn’t switch banks just to access that one feature. “Not over that. There’s too much work involved just for tap-and-go,” From Early days, but Apple Pay struggles outside U.S. | Reuters You can see his point. If you already have a contactless card that works everywhere,Continue reading “Early days, but Apple Pay struggles outside U.S. | Reuters”

The most common online payment method in the vigorous and innovative Polish market is “Pay-By-Link”. Online e-payment: a commonly referred to as “e-transfer” or “Pay-By-Link” among Polish payment service providers; it is similar to Bank Transfer Initiated on the Internet but with added convenience and functionality for both merchant and customer. From Crossborder-Ecommerce | PaymentContinue reading “Crossborder-Ecommerce | Payment Methods Poland | The Paypers”