Cash could disappear as more shops shun notes and coins, warns Bank of England

xxx The end of cash could arrive alarmingly quickly as bank branches close, more shops refuse to accept notes and coins and the cost of handling traditional currency spirals, the Bank of England has warned. Urgent action needs to be taken to find an economical way of serving people who still want to use cashContinue reading “Cash could disappear as more shops shun notes and coins, warns Bank of England”

No Rush to No-Action Letters — The Information

xxx For TurnKey’s planned token sale, the company agreed to build the platform before issuing any tokens for it, to diminish the suggestion of speculative investment; the token can only be exchanged among wallets on its platform; and each token is sold at $1 and redeemable for $1 worth of air charter services. From NoContinue reading “No Rush to No-Action Letters — The Information”

Mandatory Cash Acceptance Update – Philadelphia Legislation & Athletic Venues | Payment Law Advisor

xxx Philadelphia’s new law includes some slight deviations from New Jersey’s model. For example, retailers selling to customers through a membership model like Costco do not fall within the scope of the legislation. Additionally, retailers where credit card holds are required for incidentals, such as rental-car companies and hotels, will not be required to acceptContinue reading “Mandatory Cash Acceptance Update – Philadelphia Legislation & Athletic Venues | Payment Law Advisor”

Will anyone take responsibility for rising financial fraud? | Financial Times

xxx What is more likely – 1. a hacker takes the time and effort to gain entry to this specific individual’s email account in the hope that one day they would one day carry out a very large transfer or 2. a hacker targets a conveyancing firm, knowing that they handle a large volume ofContinue reading “Will anyone take responsibility for rising financial fraud? | Financial Times”

Exclusive: Google asked 5,600 employees about remote work. This is what they learned

xxx “In one paper, Redmiles looked at whether users make rational decisions about whether to use security protections like two-factor authentication to protect a fictional bank account. ‘Low-SES (Socioeconomic status) and low-skill users have much higher costs to doing something like two factor authentication,’ she says. ‘For the least resourced users, sometimes security/privacy is justContinue reading “Exclusive: Google asked 5,600 employees about remote work. This is what they learned”

Classmate of woman who was found dead asks Uber, Lyft to add QR codes – Business Insider

xxx “But there may be a solution to protect against fake drivers with criminal intent — or, for that matter, to protect the drivers against fake passengers. Specifically, one of Josephson’s classmates, Sydney Ford, is lobbying for Uber and Lyft to add QR codes to their apps that would easily match a driver to aContinue reading “Classmate of woman who was found dead asks Uber, Lyft to add QR codes – Business Insider”

Scoring With Apple Pay: Tottenham Hotspur Prepare to Open Doors at First Fully Cashless Stadium – The Mac Observer

xxx All drinks, snacks, and team merchandise at the Tottenham Hotspur Stadium have to be purchased by apps like Apple Pay or on a card. From Scoring With Apple Pay: Tottenham Hotspur Prepare to Open Doors at First Fully Cashless Stadium – The Mac Observer. xxx

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