Category Archives: Uncategorized

From time to time, when making presentations about identity and related topics, I have to stop to explain to baffled foreigners that the United Kingdom has no national identification scheme or identity card or any other such symbol of continental tyranny, so our gold standard identity document is the gas bill. I understand that theseContinue reading “Identity in the UK is a gas”

xxx According to research published in the Journal of the European Economic Association, the level of trust in cultures today can be informed by events that occurred hundreds of years ago. The research shows that Italian states that became free cities in the Middle Ages – a process that required mass cooperation – exhibit higherContinue reading “Chinese Government rolls out trust ratings to combat corruption | World Finance”

xxx the regulations that govern this area. These state that a bank has to “have made clear to their customer how a Chaps payment will be processed” and that the bank “will make a payment solely on the basis of a unique identifier and will not execute it on the basis of the intended recipient’sContinue reading “‘We lost £120,000 in an email scam but the banks won’t help get it back’ | Money | The Guardian”

There’s a huge amount of payment fraud going on in the UK at the moment. The fraudsters intercept legitimate requests to transfer money from one account to another, often from solicitors in relation to house purchases but also from tradespersons such as builders) and they change the details so that the payer sends the moneyContinue reading “POST Payments are the not problem, identity is”

xxx “While most of the ICOs to date have been Utility Tokens, because of the massive advantages that Security Tokens have over traditional capital raising, I think the total market cap of all security tokens will be much larger than the total market cap of all utility tokens.” From “7 Thoughts On Blockchain, Cryptocurrency &Continue reading “7 Thoughts On Blockchain, Cryptocurrency & Decentralization After Another Three Months Down The…”

xxx NEW YORK, NY–(Marketwired – May 03, 2016) – SmartMetric, Inc. (OTCQB: SMME) — According to a research report conducted by the research organization The Nilson Report, for 2015 through 2020, card fraud worldwide is expected to total $183.29 billion. In 2020, global card fraud is projected to exceed $35.54 billion. Fraud, grew by 19%,Continue reading “POST Risk”

As the former governor of the Bank of England, Meryvn King, has eloquently pointed out, banks are institutions that pre-date modern capitalism and “owe much to the technologies of an earlier age” (The End of Alchemy, 2016). There is no reason to expect them to continue in this form under the technological, regulatory, social andContinue reading “POST Open banking, breaking banks and”

xxx   The Riksbank governor, Stefan Ingves, called for new legislation to secure public control over the payments system, arguing that being able to make and receive payments is a “collective good” like defence, the courts, or public statistics. From “Being cash-free puts us at risk of attack”: Swedes turn against cashlessness | World newsContinue reading “Disaster recovery in a cash-free world”

xxx Shares of jewelers climbed in India after the government withdrew an order that brought the industry under anti money-laundering legislation, a move that comes just as gold buying improves before the Hindu festival of Diwali, the peak season for demand. Jewelers were included in the Prevention of Money-Laundering Act in August, increasing compliance requirements.Continue reading “Jewelers Rally After India Anti-Money-Laundering Rule Reversal – Bloomberg”

xxx Mass cash stashing might signal a widespread fear of a looming apocalypse – or, more prosaically, it could signal rampant illegality. From In the contactless payment era, why is cash making a comeback? | Business | The Guardian xxx