Category Archives: Uncategorized

xxx In 2013, cash was used in 47% of payments, compared to 43% for cards. Three years on, this outcome has now flipped so that 52% of payments are now via card, compared to just 37% by cash. From Cards overtake cash for consumer payments in Australia xxx

xxx Millennials’ distrust of British banks, and a growing interest in supporting local communities, has helped spawn a new crop of local digital currencies, with the Liverpool pound launching earlier in the year, and the east London pound debuting last month. From From Liverpool to east London: Local currencies are making a comeback xxx

xxx Fraudsters tricked lawyer Mr Mullinger into paying £10,800 into their Lloyds account after posing as the tradesman working on his third floor extension. From Email hacking fraud hits home renovators: ‘I paid £10,800 to a bogus builder’ xxx

xxx Though there are differences in scope between the two regimes, consideration is being given to how open application program interfaces (APIs) being developed under the open banking initiative could be used to support access to payment accounts and data by PISPs and AISPs under PSD2. From Expectations on PSD2 interactions between banks and fintechsContinue reading “Expectations on PSD2 interactions between banks and fintechs clarified by UK Treasury”

xxx When you search on Google, it orders results by what it believes to be the most useful and relevant. A website’s rank has become a common barometer for how high-quality or trustworthy a company is. From Families left stranded after £10,000 villas did not exist | Daily Mail Online Oh dear. A website’s rankContinue reading “Families left stranded after £10,000 villas did not exist | Daily Mail Online”

When I was in sunnier climes earlier this month, I was asked a couple of times about a particularly bonkers British government policy announcement concerning card payments. More than one person from overseas regulators asked me about it, in fact. They asked me if I could explain our government’s reasoning behind their policy announcement aboutContinue reading “POST The government is completely and utterly wrong about surcharging”

xxx Fans who purchased tickets when they went on sale will have to arrive at their gig venue with the booking confirmation, a valid form of ID and the credit card used for the purchase (or a photocopy). From Ed Sheeran takes on ticket touts and cancels 10,000 gig tickets sold by unofficial resale sitesContinue reading “Ed Sheeran takes on ticket touts and cancels 10,000 gig tickets sold by unofficial resale sites”

You might remember that last year I wrote about giving non-banks access to the UK payment infrastructure. There are plenty of non-bank players out there who want to have access to the infrastructure and the UK’s Emerging Payments Association recently presented a report to arguing that, under the appropriate licence conditions, non-banks should be allowed accessContinue reading “POST The non-banks are in”

The government’s consultation process on blocking children from accessing porn has completed and they have published the results and the way forward. Child Safety Online: Age Verification for Pornography From Child Safety Online: Age Verification for Pornography – GOV.UK I was listening to reports of this on the BBC and I heard at least twoContinue reading “Child Safety Online: Age Verification for Pornography – GOV.UK”

xxx Banks have had to hash personally identifiable customer information, such as address, date of birth and Social Security number, since 2003, From IBM upgrades mainframe to encrypt data at high speeds | American Banker xxx