Category Archives: Uncategorized

xxx The development of a digital identity strategy was a recommendation of the 2014 financial system inquiry, which found a “fragmented, unco-ordinated ecosystem of digital credentials creates high costs to government and taxpayers”.  From Bank push for new digital identity regime | afr.com xxx

xxx According to the indictment, the Russians not only created Paypal accounts, bank accounts, and false identity documents with stolen American identities From Mueller Indictment: Russian Trolls Stole Real US Identities to Fool Facebook | WIRED xxx

xxx “FINMA’s principles focus on the function and transferability of tokens In assessing ICOs, FINMA will focus on the economic function and purpose of the tokens (i.e. the blockchain-based units) issued by the ICO organiser. The key factors are the underlying purpose of the tokens and whether they are already tradeable or transferable. At present,Continue reading “FINMA – FINMA publishes ICO guidelines”

We said at the end of last year that conversational commerce would be one of the key themes for 2018 and as the year unfolds this prediction is looking spot on. Customers like messaging, and if we (ie, the payments industry) can add payments to that channel then it stands poised to gain a significantContinue reading “POST Chat is it”

xxx “But I do find the argument that tokens are this unnecessary evil silly because for decades we have built applications and websites that reward users with sort of ‘tokens’; up-votes, or likes, or favourites, or retweets. “Those are social currencies. Y From OpenBazaar adds BCH, Zcash and looks towards tokens xxx

xxx “IT Risk and Internal Control Consultant at NetGuardians John Kiptum said… 70 per cent of the fraud is usually internal where bank staff reset your pin number, do a SIM swap so you no longer receive short message notifications and after that pick your account empty.” From “PesaLink ten-month fraud lessons forces cap onContinue reading “PesaLink ten-month fraud lessons forces cap on transaction amounts :: Kenya – The Standard”

xxx Howard Schultz, the executive chairman of Starbucks, discussed bitcoin and blockchain in greater detail. In the Jan. 25 call, he said that “I don’t believe that bitcoin is going to be a currency today or in the future,” From A cup of crypto: Starbucks and Dunkin’ both discussed bitcoin in their analyst days –Continue reading “A cup of crypto: Starbucks and Dunkin’ both discussed bitcoin in their analyst days – MarketWatch”

Nigeria is a fascinating business school case study of the relationship between regulation and technology in payments. It ought to be a mobile payments powerhouse, but the regulatory strategy there has resulted in a plethora of subscale mobile money businesses. Despite having 21 mobile money operators licensed by the CBN in the circulation, the volumeContinue reading “Cashless: CBN to revoke 15 mobile money licences”

Half a century ago, the media theorist Marshall McLuhan who predicted that seismic social shift that the coming online environment would cause in human relationships said of it that “In the new electric world, where everybody is involved with everybody, where everybody is involved in complex processes, the old identity cards, the old means of finding outContinue reading “POST Claims are processes”