Category Archives: Uncategorized

So we went to the pub. For lunch. Seven of us. Say £20 per head. £100+ quid. Say £50 quid gross for the pub. Colleague goes to order food and drinks and pay at the bar. Apologetic barmaid comes over to explain that their “card machine” is down, so she can only accept cash. UnderContinue reading “There is no excuse for not taking cards”

xxx My own decidedly unscientific survey involved a shopping spree one recent morning to no fewer than seven different retail locations, which revealed exactly seven different chip-capable payment terminals instructing customers to “Please Swipe Card.” From The Great EMV Fake-Out: No Chip For You! — Krebs on Security xxx

xxx Allow users to not show their tweets to unauthenticated users.  From Putting out the Twitter trashfire — Medium xxx

xxx Parents who did not know the letters had been tampered with then paid the school fees into the crooks’ bank accounts without realising. From Crooks put their own bank details on stolen school fee letters to steal 1000s of pounds | Daily Mail Online

I know, I know, they’re not smart and they’re not contracts. But in the well-known Birch-Pannifer-Parulava model for thinking about shared ledgers from a business perspective (a model that continues to be refined, even as I type), we’ve stuck with the term “contract” on our 4C layer, more for marketing reasons that anything else (clientsContinue reading “They’re not smart and they’re not contracts”

xxx EBA Clearing and SIA have signed a letter of intent for the delivery of a pan-European infrastructure for instant payments by Q4 2017. From EBA Clearing and SIA team up for pan-European payments infrastructure – IBS Intelligence xxx

The the U.K.’s Faster Payments Service (FPS) has been very successful. The ability to send money from one account to another account instantly is actually quite transformational, but I still think that the full impact has yet to be felt. As we move into 2018 and the world of the newly-published Open Banking Standard, PSD2Continue reading “Fintech firms want to open accounts at the Bank of England – Telegraph”

Well, once again, Kazakhstan shows leadership in the secure retail transactions field with the launch of an HCE app for contactless mobile payments. Customers of Kazkommertsbank (KKB) in Kazakhstan can now make host card emulation (HCE) based NFC mobile payments using a new service launched in partnership with Visa. From Kazakhstan gets HCE payments •Continue reading “Leaders and followers”

xxx The Open Banking Working Group, which undertook a review last year at the request of the Treasury, is calling for information on banks’ products and customers to be more easily accessed by digital services, including comparison sites. From Banks urged to share data so customers can shop around – FT.com xxx

snippet There was, however, one crucial component missing in our virtual office: a decent tool for online payments. And we had to do a lot of online payment processing; paying staff and accepting payments from our sponsors being the two most important. The closest we got to a viable tool was PayPal, but we quicklyContinue reading “Bitcoin, Online Payments and the Scourge of PayPal – BayPay Members Blogs”