Category Archives: Uncategorized

xxx Statistics by Financial Fraud Action (FFA) UK show fraud losses on UK payment cards totalled £567.5 million in 2015, representing an 18% increase from £479 million one year before. From UK payment cards annual fraud losses hit £567.5 million xxx

xxx Contactless now makes up one in five of all face to face card payments under £30, figures show after a five fold increase in their use by shoppers. From Contactless soaring in popularity So tap and pay is a tenth of a card transactions and a fifth of all low-value transactions. Having been workingContinue reading “Contactless soaring in popularity”

xxx In both Sweden and Norway, the migration to almost total “cashlessness” is being led from the bottom up. Bills and coins now represent just 2 percent of Sweden’s economy, compared with 10 percent in the euro-zone, and only about 20 percent of all consumer payments in Sweden have been made in cash From TheContinue reading “POS Nordic nous”

xxx Europol has reported that sometimes criminals will pay more than face value for large notes due to their transport convenience. From The Fate of Big Bills- a Catalyst for Digital Payments? | Ariadne Plaitakis | LinkedIn xxx

xxxx Android Pay, which allows owners of Android smartphones to tokenise their credit or debit cards and pay with their phones at contactless terminals, will launch in the UK “in the next few months”, promises Google. From Does ‘pay by app’ mean an end to shopping queues? – BBC News In the US, Google haveContinue reading “POST Moving away from cards (and terminals)”

xxx Tesco’s move makes it the latest grocer to develop its own technology to bypass the costly Android and Apple systems. Sainsbury’s for instance is trialling its SmartShop app which allows users to create their own shopping lists, navigate stores and make payments at dedicated kiosks, while Walmart has launched its own system in theContinue reading “Tesco takes on Apple with own mobile payment system – IGD Retail Analysis”

xxx Develop an OAuth-like solution for banking and an e-KYC API like the Aadhaar card. Impress upon regulators the need to expand the set of accepted documents for KYC to reflect changing times and to promote financial inclusion while preventing illicit activity. Things like verified social media accounts or, in the case of immigrants orContinue reading “Four Visions of the Future of Identity | Bank Think”

The Payments UK report on “Request to Pay” deals with 

xxx A NATIONAL e-payment system will advance Thailand’s financial infrastructure by another five to 10 years once it is fully implemented, a member of the national e-payment panel said. The first “any ID” service will be available around September… Each person will have a 13-digit ID number for money transfers, bill payments and other transactions.Continue reading “Thai e-payment system to use ‘any ID’ feature – The Nation”

One of the bogus arguments deployed to argue in favour of cash is that it is somehow good for poor people. It really isn’t. The people trapped in a cash economy, who are generally the poorest, are the people who face the highest transactions costs. And when things go really wrong, it’s the people whoContinue reading “POST Disaster money”