Category Archives: Uncategorized

xxx The number of over-65s embracing tap-and-go technology has soared, boosting card transactions to become Britain’s primary payment choice From Cash is no longer king as pensioners buy into contactless revolution. xxx

xxx Deutsche Bank has today announced a pilot project with the International Air Transport Association (IATA), the trade association for the world’s airlines, to test a disruptive new payment model. Through the pilot, Deutsche Bank will look to reduce costs for processing payments between airline clients and airlines. Deutsche Bank will collect customer payments directlyContinue reading “Deutsche Bank pilots game-changing payments solution with IATA – Newsroom”

xxx “Social credit is preventing people from buying airline and train tickets, stopping social gatherings from happening, and blocking people from going on certain dating websites. Meanwhile, those viewed kindly are rewarded with discounted energy bills and similar perks.” From “The odd reality of life under China’s all-seeing credit score system | WIRED UK”. xxx

xxx “The social credit schemes are presently a patchwork of public, private and public-private systems that use ongoing surveillance, state records, and snitch-lines to reward and punish Chinese people for behavior that the Chinese establishment frowns on, from indebtedness to beating up quack doctors to chasing pop stars through airports.” From “China’s pervasive “social credit”Continue reading “China’s pervasive “social credit” scheme is still in development, but already profoundly shaping public behavior – Boing Boing”

xxx In 1997 Pope John Paul II declared Isidore of Seville the patron saint of the internet. From The patron saint of the internet is Isidore of Seville, who tried to record everything ever known. xxx

xxx A new regulatory model is needed, one that understands the complexities of data and balances privacy, security and competition across sectors. As we develop one, the playing field between lenders that have adapted to digital on the one hand and tech and fintech companies on the other will become more level. From Fintech threatensContinue reading “Fintech threatens to eclipse banks that do not adapt digitally”

xxx A short editorial in the September 19, 1966 issue of the Sandusky Register newspaper in Sandusky, Ohio predicted that life was about to get worse as information, especially financial information, became more centralized. The editorial noted that although the “com puter age” was “in its infancy,” the computerization of financial information would lead toContinue reading “POST We’ve had a long time to prepare for online fraud”

xxx “The scope of the CMA’s retail banking order is narrower than the access requirements under PSD2, but it is envisaged that the Open Banking API will serve as a means of providing a standardised PSD2-compliant access interface. To this end, we note the proposed extension of the CMA9 specification for Open Banking APIs fromContinue reading “PSD2 | A revolutionary framework opening up UK payments | Osborne Clarke”

xxx “She said she wanted people to have to disclose their real identity to providers like Facebook and Twitter. However, she said there were good reasons for whistleblowers to still appear anonymous to the public.” From “MP Jess Phillips in web plea ‘after 600 rape threats’ – BBC News”. This is a reframing of whatContinue reading “MP Jess Phillips in web plea ‘after 600 rape threats’ – BBC News”

Kevin Werbach published a very good article about tokens on the Knowledge @ Wharton site. He set out a useful taxonomy to help with discussion and debate around the topic, saying that There is cryptocurrency: the idea that networks can securely transfer value without central points of control; There is blockchain: the idea that networks can collectively reach consensusContinue reading “POST Central bank digital currency implemented as a pseudonymous token”