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”
Category Archives: Uncategorized
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”
Egypt’s Religious Leader: Crypto Trading Forbidden Under Islamic Law – CoinDesk
Whilst on the topic of Islamic banking, I can’t help but note that the Grand Mufti of Egypt has issued a fatwa banning trading in Bitcoin and other cryptocurrencies.
POST Open banking and GDPR
The combination of OAuth 2.o and OpenID Connet is a good way to balance the demands of open banking and GDPR.
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”
Blockchain and Voting | Benlog
xxx “It’s possible we use just simple Merkle trees and hash chains, but we call them Blockchain” From “Blockchain and Voting | Benlog”. xxx
ICOs: The Beauty, the Beast and JFK – CoinDesk
xxx “ICOs need a competent legal framework and until governments allocate resources to modernize outmoded laws, ICO teams will follow the path of least resistance and raise funds in the most friction-free manner possible.” From “ICOs: The Beauty, the Beast and JFK – CoinDesk”. xxx