Barbarians at the Gates: Consumer tech companies will eat banks’ lunch – The Economic Times

xxx “The banking customer today is being wooed by the richest men in top four economies of the world – USA (Jeff Bezos – Amazon Pay), China (Jack Ma – PayTM), India (Mukesh Ambani – Jio Money), and Japan (Masayoshi Son – Flipkart/PhonePe). “ Barbarians at the Gates: Consumer tech companies will eat banks’ lunchContinue reading “Barbarians at the Gates: Consumer tech companies will eat banks’ lunch – The Economic Times”

Identity Thieves Hijack Cellphone Accounts to Go After Virtual Currency – NYTimes.com

xxx In a growing number of online attacks, hackers have been calling up Verizon, T-Mobile U.S., Sprint and AT&T and asking them to transfer control of a victim’s phone number to a device under the control of the hackers. From Identity Thieves Hijack Cellphone Accounts to Go After Virtual Currency – NYTimes.com xxx

POST Age verifcation and intelligence verification

xxx “‘Age verification could lead to porn companies building databases of the UK’s porn habits, which could be vulnerable to Ashley Madison style hacks,’ argued Open Rights Group director Jim Killock.” UK to implement age-verification system for porn sites | Ars Technica This is indeed the case, and the inevitable outcome of the government’s “plan”Continue reading “POST Age verifcation and intelligence verification”

HSBC, Barclays Join Settlement Coin as Bank Blockchain Test Enters Final Phase – CoinDesk

xxx “The head of fintech partnerships and strategy at HSBC, Kaushalya Somasundaram, reiterated Jaffrey’s belief that USC could help delineate a path forward for central bank digital currencies, one of the reasons HSBC  joined to begin with. Explaining how she sees the the token eventually working, Somasundaram told CoinDesk: ‘The settlement coin will be a collateralizedContinue reading “HSBC, Barclays Join Settlement Coin as Bank Blockchain Test Enters Final Phase – CoinDesk”

Inside the black market where people pay thousands of dollars for Instagram verification

xxx This is a guy who knows a guy, a middleman in the black market for Instagram verification, where anyone from a seasoned publicist to a 22-year-old digital marketer will offer to verify an account—for a price. The fee is anywhere from a bottle of wine to $15,000 From Inside the black market where peopleContinue reading “Inside the black market where people pay thousands of dollars for Instagram verification”

Wells Fargo fake bank account scam gets bigger » Banking Technology

xxx The expanded analysis reviewed more than 165 million retail banking accounts opened over a nearly eight-year period – from January 2009 through September 2016 – and identified a new total of approximately 3.5 million potentially unauthorised consumer and small business accounts. From Wells Fargo fake bank account scam gets bigger » Banking Technology xxx

China’s Future is Definitely Cashless – The News Lens International Edition

xxx “Alipay, WeChat Wallet, and other Chinese third party payment platforms use financial incentives to encourage users to take money out of their bank accounts and temporarily store it on the platform itself.” China’s Future is Definitely Cashless – The News Lens International Edition xxx

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