Category Archives: Uncategorized

xxx A new study from Juniper Research has found that annual online payment fraud losses from eCommerce, airline ticketing, money transfer and banking services, will reach $48 billion by 2023; up from the $22 billion in losses projected for 2018. From Losses from Online Payment Fraud to More than Double by 2023. xxx

What an interesting experience the first Money2020 in China was. It was held in Hangzhou, the home of AliPay, and I was delighted to have been invited along to share some of our experiences in the payments and to learn first hand about the Chinese approach to the sector. Money2020 China gets underway The eventContinue reading “CHYP Back from Money2020 China”

I had the good fortune to attend the Australian Payment Summit 2018 in Sydney this year, chairing the panel on Digital Currency and giving the first day closing keynote on the impact of artificial intelligence in the transaction space (I was developing the “where are the customers’ bots” theme).  Naturally, one of the areas thatContinue reading “POST Down under update”

xxx new payment applications that provide a commercial return, not through charging for payment services, but by commercialising the value of the information that they obtain as a by-product of offering these services. From A Journey Towards a Near Cashless Payments System | Speeches | RBA. xxx

xxx Security researchers have found a vulnerability in the backbone of the electronic ID (eID) cards system used by the German state. The vulnerability, when exploited, allows an attacker to trick an online website and spoof the identity of another German citizen when using the eID authentication option. From German eID card system vulnerable toContinue reading “German eID card system vulnerable to online identity spoofing | ZDNet”

xxx neuroscience is a far greater threat to human distinctiveness than AI will ever be From Is Neuroscience a Bigger Threat than Artificial Intelligence? – 3:AM Magazine. xxx

xxx The government plans to give a 5 percent reward-point rebate to consumers on some payments made through credit cards and other cashless methods as a way of underpinning domestic demand after a planned tax increase next October, From Government plans 5% rebates for some cashless payments after 2019 tax hike | The Japan Times.Continue reading “Government plans 5% rebates for some cashless payments after 2019 tax hike | The Japan Times”

xxx There are two proposals by the Swedish authorities to keep cash at hand. Parliament wants just the biggest banks to handle cash. The central bank is holding out for all banks to keep money flowing. Swedbank, SEB and other big Swedish financial institutions are fighting the lawmakers’ demands, saying it would place an undueContinue reading “Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’ – The New York Times”

There’s an interesting case study about this at IKEA in Gavle, which is about 100 miles north of Stockholm. According to the New York Times, managers there decided to go cashless temporarily last month after they realized that fewer than 1 percent of shoppers used cash. The economics of this decision are compelling. They foundContinue reading “POST Cashless the IKEA way”

xxx An aspiring Tory MP posed as the ‘youngest hereditary lord’ to slip into Parliament using a counterfeit security pass he bought online for £10. From Aspiring Tory MP used fake pass he bought online to pose as ‘Lord Cramp’ and sneak into Parliament | Daily Mail Online. xxx xxx But he was reported toContinue reading “POST Safe in their hands”