Category Archives: Uncategorized

xxx The deal will incorporate Chase Pay into the Starbucks mobile app for payments at more than 7,500 Starbucks locations, starting in the fall. Starbucks’ mobile app, which is largely developed and maintained in-house, is used for over 10% of its U.S. in-store sales. From Chase Pay Deal with Starbucks Strengthens the Bank s MobileContinue reading “Chase Pay Deal with Starbucks Strengthens the Bank s Mobile Muscle | PaymentsSource”

xxx If all a CBDC did was to substitute for cash – if it bore no interest and came without any of the extra services we get with bank accounts – people would proba bly still want to keep most of their money in commercial banks From Speech by Ben Broadbent at the London SchoolContinue reading “Speech by Ben Broadbent at the London School of Economics, London, on Wednesday 2 March 2016 – speech886.pdf”

xxx A distributed and irreversible system for trust management, which stores personal data, could offer a hotbed for doxing and identity theft – and even undermine an individual’s right to be forgotten. From What Airbnb’s blockchain proposal means for privacy Indeed it could, which is why it should not store personal data.

xxx Poland’s mBank has withdrawn the facility for customers to add mobile versions of their debit cards to the NFC payments services offered by mobile network operators T-Mobile and Orange. Instead, the bank has told NFC World, it will focus on supporting bank-backed mobile payments service Blik and the launch of its own host cardContinue reading “mBank cancels NFC SIM deals in favour of HCE and bank-backed Blik mobile payments • NFC World+”

xxx In effect, he offers an elegant refinement of the concept of “narrow banking”, which seeks to ensure that all deposits are covered by safe, liquid assets. From Uncertainty principles: ‘The End of Alchemy’, by Mervyn King – FT.com xxx

xxx Chargebacks for card-present transactions increased 50% following the Oct. 1 EMV liability shift, From EMV Chargebacks Proving To Be a Card-Present Merchant Problem You understand why this, I assume. It’s because before 1st October, if you spotted a $3.95 charge at Starbucks on your statement and you knew that you couldn’t possibly have madeContinue reading “EMV Chargebacks Proving To Be a Card-Present Merchant Problem”

xxx Essential information for the ASPSP to make an informed authorisation decision when prompted with a payment or account information request from a TPP consists of: What is the functional scope of the transaction? (what payment needs to be executed or what account information needs to be provided and to whom?); Did the person requestingContinue reading “Banks taking liability for XS2A transactions: ‘Just because a TPP says so?’”

The European Central Bank (ECB) interest rate for bank deposits is currently minus 0.3% and economic theory would predict that at a minus rate, depositors (and this includes companies as well as banks and individuals) would prefer to hold cash rather than pay the central bank to look after their money for them. It hasContinue reading “The Bavarian Savings Bank Association and large-denomination banknotes”

xxx I posted a screenshot of the email, and a few lines about how I would not be using Twitter until they figured out how to stop making incidents like this one (gross, but comparatively benign) a less constant component of my Twitter experience. From Twitter Has Become a Park Filled With Bats — Following:Continue reading “Twitter Has Become a Park Filled With Bats — Following: How We Live Online”

xxx [Money] may become as David Birch has suggested synonymous with identity itself. The value of such personalized forms of currency- which is really just a measure of individual power- will be in a state of constant flux. From The Future of Money is Liquid Robots This does not seem an unreasonable prediction. With everyoneContinue reading “The Future of Money is Liquid Robots”