Open banking will change the merchant payments ecosystem

We think a major focus for the whole merchant payments ecosystem in the coming year will be the new threats, opportunities and players in the emerging open banking world. Starting with the U.K.’s move to open banking in January (the implementation of the Competition and Market Authority’s “remedies”, or the “CM9”) and moving ahead withContinue reading “Open banking will change the merchant payments ecosystem”

Blockchain in Practice

LegalFling is the first blockchain based app to verify explicit consent before having sex. – via legalfling.io LegalFling is the first blockchain based app to verify explicit consent before having sex. – via legalfling.io To look at the blockchain in practice, I am delighted that we have been able to put together a distinguished panelContinue reading “Blockchain in Practice”

POST The better way to use biometrics

xxx The truth is, biometrics are collapsing all round. The figures for biometric failure have been staggering. In Rajasthan, in the PDS, exclusion because of fingerprint failure has been close to 36 per cent — which means not even one person from 36 per cent households are able to authenticate using their fingerprints. – viaContinue reading “POST The better way to use biometrics”

Bakeries struggle as banks refuse to take coins – OTHER STATES – The Hindu

snippet Neither banks nor are our material (like sugar, flour, etc) suppliers accepting coins. Even, workers are not accepting wages in coins. Many of us stopped manufacturing cakes, [From Bakeries struggle as banks refuse to take coins – OTHER STATES – The Hindu ] snippet

The Bitcoin rule of thirds, and what Bitcoin tells us about the future of money

I don’t have the exact figures to hand, but as I understand it the Bitcoin coinbase breaks down roughly into thirds…  A third of them are lost (well, last year 23% but I think it will get worse as more people forget their passwords). This is because (like me) someone wiped their old phone walletContinue reading “The Bitcoin rule of thirds, and what Bitcoin tells us about the future of money”

POST China clearing

As was explained to me on a trip to Shanghai in 2017, Alipay built bilateral relationships with individual banks, in effect becoming a clearing centre. Other “third party” systems followed so the Chinese central bank required them to create a single central clearing system. So now there is Unionpay for debit and the “Internet Association”Continue reading “POST China clearing”

Design a site like this with WordPress.com
Get started