Category Archives: Uncategorized

We think about money as a law of nature, as a kind of constant, but the way that money works today is not only just one of many ways in which it could work, it’s a relatively recent invention in the great scheme of things. It wasn’t that long ago that the developed world wasContinue reading “POST Monopoly and Money”

xxx “The modern lottery industry is highly complex, offering a zoo of products that are designed and administered with the aid of computers (cash games with a drawing, instant scratch-off games, video lottery games, keno), and the sales of all of these tickets add up to a staggering yearly figure: $80 billion. For comparison, theContinue reading “The Lottery Hackers – The Huffington Post”

When the AlphaGo program became the world champion at the complex game of Go, it did so by evaluating positions and selecting moves using neural networks that been trained by human experts and reinforced with self play. It wasn’t much of a step from there to move onto a new version of AlphaGo becoming itsContinue reading “POST The regulations game”

xxx Multiple Chase.com customers have reported logging in to their bank accounts, only to be presented with another customer’s bank account details. Chase has acknowledged the incident, saying it was caused by an internal “glitch” From Chase ‘Glitch’ Exposed Customer Accounts — Krebs on Security xxx

I’ve been reading through the GBG/Forrester study (January 2018) “Leaders In Financial Services Are Experts In Customer Identity” when I noticed a very interesting contrast.

xxx The sharing economy is gargantuan. A recent research report published by Bank of America Merrill Lynch estimates the value of it is about $250bn (£190bn) and it’s growing rapidly. From The sharing economy is failing for one simple reason – people can’t be trusted | The Independent xxx

xxx Starting on Tuesday, Whole Foods shoppers who pay with the Amazon Prime Rewards Visa card will earn 5 percent back at the grocery chain’s U.S. stores. From The Amazon Prime credit card will start giving 5 percent back on Whole Foods purchases – Recode xxx

xxx FED up with missing sales in an increasingly cashless society, an enterprising… Big Issue seller Robin Fabian bought a contactless card reader to increase his sales So the 50-year-old bought a contactless card reader just before Christmas, which he said paid for itself on the first day.  From Homeless Robin increased his sales thanksContinue reading “Homeless Robin increased his sales thanks to contactless card reader | UK | News | Express.co.uk”

xxx The program is not oriented around making money from interest payments, but to support merchants selling on Amazon’s marketplace and to boost Amazon’s overall sales growth From Amazon and Bank of America partner for lending program but growth has stalled xxx

    xxx     “Payment identity relates to the issue of the correct identification of payment counterparties. Personally, I think this is much more complicated than it sounds… This raises real issues to do with privacy and these need to be carefully thought through to avoid a Chernobyl of personal information downstream”   FromContinue reading “POST Payee names and privacy”