Mobile payments taking off for contactless commuting

xxx one-in-ten contactless journeys on London’s buses and tubes now paid for by the likes of Apple Pay and Samsung Pay. The latest figures from Transport for London detail over one billion journeys on the transit network using contactless cards, with almost £2 billion spent by commuters since the cards were first accepted in 2012.Continue reading “Mobile payments taking off for contactless commuting”

Blockchain Technology Could Reduce Investment Banks’ Infrastructure Costs by 30 Percent, According to Accenture Report | Accenture Newsroom

xxx Blockchain technology could reduce infrastructure costs for eight of the world’s 10 largest investment banks by an average of 30 percent, translating to $8 billion to $12 billion in annual cost savings for those banks, according to a new report by Accenture From Blockchain Technology Could Reduce Investment Banks’ Infrastructure Costs by 30 Percent, AccordingContinue reading “Blockchain Technology Could Reduce Investment Banks’ Infrastructure Costs by 30 Percent, According to Accenture Report | Accenture Newsroom”

Guru

Alan Woodward, one of the security-wallahs that I take very seriously, pointed me to a new paper from the University of Luxembourg: “Guru: Universal Reputation Module for Distributed Consensus Protocols“. We introduce reputation module Guru, which can be laid on top of various consensus protocols such as PBFT or HoneyBadger. It ranks nodes based onContinue reading “Guru”

Bitcoin can be an asset but not currency – China central bank adviser | Reuters

xxx Virtual currencies like bitcoin are assets but bitcoin in itself does not have the fundamental attributes needed to be a currency that could meet modern economic development needs, a Chinese central bank adviser said. From Bitcoin can be an asset but not currency – China central bank adviser | Reuters xxx

PSD2 impact on payments – Icon Solutions

xxx PSD2 and Instant Payments to drive a 37% decline in online card volumes by 2027 Boosted by increased consumer convenience, Instant Payments will overtake cards by 2025 Retail Instant Payments in Europe will hit €725bn in transactions by the end of 2027 Single card payments set to decline from 40% to 11% market shareContinue reading “PSD2 impact on payments – Icon Solutions”

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