Category Archives: Uncategorized

xxx “China’s social credit system was launched in 2014 and is supposed to be nationwide by 2020.” From “China Social Credit: The odd reality of life under China’s credit system | WIRED UK”. xxx xxx China’s plan to judge each of its 1.3 billion people based on their social behavior is moving a step closerContinue reading “POST Ranting and rating”

xxx “Mark Zuckerberg, Facebook’s chief executive, plans to integrate the social network’s messaging services — WhatsApp, Instagram and Facebook Messenger — asserting his control over the company’s sprawling divisions at a time when its business has been battered by scandals. The move, described by four people involved in the effort, requires thousands of Facebook employeesContinue reading “Zuckerberg Plans to Integrate WhatsApp, Instagram and Facebook Messenger – The New York Times”

You’ve probably all heard of St. Valentine. He was a third century Roman who helped Christians to escape from prison. He did this by giving them a secret password to give to the guards. But he himself forgot the secret password and when he’d got it wrong for the third time, he was locked inContinue reading “POST My bloody Valentine”

xxx “‘The SMS channel is fundamentally insecure and there are doubts over whether it actually complies with the second Payments Services Directive (PSD2),’ says Martin. While SMS provides a separate execution environment, it doesn’t address a number of needs under PSD2, including malware detection, dynamic linking and software authenticity.” From “API obsession means banks mayContinue reading “API obsession means banks may miss PSD2’s SCA deadline » PaymentEye”

xxx The goal of this group is to be the catalyst for a profound change in the composition of our emerging payments community From Project Women in PayTech. xxx

xxx In the scenario where a bank seeks to revoke a specific third party service, the EBA has confirmed that only the customer “has the right to withdraw the consent after it has been provided” and that the bank “cannot revoke the consent”. From Open banking: clarity provided for banks over ‘opt outs’ and revokingContinue reading “Open banking: clarity provided for banks over ‘opt outs’ and revoking consent”

xxx The aim for online ticket platforms is to leverage the latest in digital wallets to help drive sales From How Ticket Platforms Optimize Mobile Checkout | PYMNTS.com. xxx

xxx So what role should biometric authentication technology play in the future of the UK’s public services? From Tackling the UK Government’s identity crisis. Authentication against what? Using our non-existent national identity card or our almost non-existent national identity verification scheme?

xxx Cumberland Farms is a prime example of this approach. Drivers who fill up at one of the privately held chain’s gas stations can save 10 cents a gallon if they sign up for its SmartPay app, which connects directly to their bank account and is much like paying utility bills or rent. The companyContinue reading “Retailers Embrace Payment Apps to Sidestep $90 Billion in Swipe Fees – Bloomberg”

xxx Usually, cost-conscious small businesses operate cash-only to avoid card processing fees. But cash also has hidden costs, Blair said: armored vehicles taking money to banks. An extra hour for workers to close out the register. Employees swiping money from the till. And some of their places had been robbed. From Backlash building to cashlessContinue reading “Backlash building to cashless movement: ‘We must ask ourselves always, not just "can we"? But "should we"?’ – Chicago Tribune”