Category Archives: Uncategorized

xxx Future applications of this technology will in all probability not be used to unlock smartphones, thought that cannot be ruled out. The group behind the work sees loads of potential for it when it comes to high-security settings, where a restricted number of authorized users need ultra high-level access. From Researchers can accurately identifyContinue reading “Researchers can accurately identify people using their brain waves”

xxx A Scottish Council has given local government workers the power to create fake Facebook accounts, befriend citizens and spy on them for the prevention of “disorder” and “perceived mischief”. From Local Government Approves ‘Covert’ Spying On Citizen ‘Mischief’ As I am very fond of repeating, yes in cyberspace no-one knows you’re a dog butContinue reading “Local Government Approves ‘Covert’ Spying On Citizen ‘Mischief’”

I happened to be talking about APIs at a client event today, and got involved in a discussion about how the fintechs might begin to work with banks in the new world of PSD2 and mandatory APIs. This has been subject of great interest to me at the recent Money 2020 Europe (with top, topContinue reading “Payment competition and banking in a post-PSD2 world”

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

xxx The U.S. dollar is the preferred currency in Zimbabwe at present, but others are welcome. “We are saying that since you can import/export goods from South Africa you can use the rand. If you are importing from China you can use the yuan. The U.S. dollar is our reserve currency,” explained Mangudya. Implementing cashlessContinue reading “The ‘worthless’ 100 trillion dollar bank note – CNN.com”

xxx According to some other forecasts, wearable payment transaction volume will grow from $3.1 billion in 2015 to $501.1 billion worldwide by 2020. By that time, wearable payments will represent approximately 20% of the total mobile proximity transaction volume and about 1% of total cashless transactions in retail. From What is The Next Big ThingContinue reading “What is The Next Big Thing in Payments? | Let’s Talk Payments”

xxx The mining of bitcoin is a security service that alone creates no wealth From Bitcoin and the costs of consumption – Dr. Craig Wright xxx

xxx ECB has decided to discontinue production and issuance of €500 banknote From ECB ends production and issuance of €500 banknote xxx

My good friend Wendy Goodman was kind enough to write about her experiences at Tomorrow’s Transactions this year (our 19th annual Forum!!) referring to it as Tomorrow’s Transactions Forum, Dave Birch’s quirky annual event where ideas about the future of money are smashed together like particles to see what happens. From net.wars: The blockchain menu xxx

xxx there is no reason why, in principle, central banks could not offer online digital money accounts for the public From MacroMania: Monetary policy implications of blockchain technology This is, essentially, what the first central bank did. The Bank of Amsterdam (the Amsterdamsche Wisselbank, founded in 1609) was, essentially, a municipal bank that provided aContinue reading “First and last central banks”