Snippings

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Facebook Marketplace and Gumtree are the lifeblood of the bike theft industry in London, providing the ready supply of people willing to spend hundreds or thousands of pounds on a dubiously-sourced secondhand bike.

From: How to catch a London bike thief – by Jim Waterson.

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Dave Birch outlines why banks need to start thinking about Y2Q, which is when quantum computing will make some current encryption technology obsolete

From: Here is your November 2024 -January 2025 issue of Financial World.

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Waze uses the travel patterns of many to deliver individually specific transparency into potential route options of interest. The user is not aware of the identity, the automobiles, the intended routes of other drivers, yet benefits from their collective experience to shed light on what would be the best route to choose at any moment in time. With a rigorous, privacy protecting trust framework, these principles can expand to provide health intelligence transparency which could benefit both our health and financial well-being.

From: Personal data Economies: Waze and the Future of Personalized Health Intelligence.

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The Australian government intends to ban the under-16s from social media. Whether this is a good idea or not I couldn’t say, but the reason why it interests me is that the legislators who banned it 

 

 

 

for social media access, with penalties for online platforms that do not comply.

But the Labor government has not spelled out how it expects Facebook, Instagram, TikTok and others to actually enforce that age limit. Anthony Albanese is facing pressure from the Coalition opposition to rush the bill through parliament in the next three weeks, although a federal trial into age assurance technology has not yet commenced.

Albanese and the communications minister, Michelle Rowland, did not rule out the potential for social media users to have their faces subject to biometric scanning, for online platforms to verify users’ ages using a government database, or for all social media users – regardless of age – being subject to age checks, only saying it would be up to tech companies to set their own processes.

From: Australia to ban under-16s from social media – but can’t say how TikTok, Instagram and others will enforce it | Internet safety | The Guardian.

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Social media has become the primary source of financial advice for digitally native young adults—roughly 40% of Gen Z and 36% of millennials say they learn about financial topics from these platforms.

According to a recent study by FIS, less than a quarter of younger adults receive financial advice from their financial institution.

From: More Young Adults Get Financial Advice from Social Media.

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Some markets for machine-to-machine (M2M) payments are already quite sizeable, and set to grow significantly. The potential for in-vehicle payments, beyond simple road tolls and the like, is obvious. STL Partners predict that theglobal in-car payment market is expected to grow at a compound annual growth rate (CAGR) of 130% from its 2023 base to a 2030 market size of some half a trillion dollars. This means opportunities across the supply chain and on out to financial institutions, revolutionising not the only the vehicles but their surrounding infrastructure.

As vehicles evolve from simple modes of transportation to fully connected, intelligent platforms, the potential for in-car payments is rapidly gaining traction.
By 2030, the in-car payment market is forecasted to reach over $580 billion, presenting a significant opportunity for automotive manufacturers, technology companies, and financial institutions.
The ability for drivers to make seamless payments from within their vehicles is set to revolutionise the way we interact with both vehicles and the surrounding infrastructure.
The Growth of In-Car Payments
According to STL Partners, the 

From: In-car payment market set to exceed $580 billion by 2030.

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As vehicles evolve from simple modes of transportation to fully connected, intelligent platforms, the potential for in-car payments is rapidly gaining traction.
By 2030, the in-car payment market is forecasted to reach over $580 billion, presenting a significant opportunity for automotive manufacturers, technology companies, and financial institutions.
The ability for drivers to make seamless payments from within their vehicles is set to revolutionise the way we interact with both vehicles and the surrounding infrastructure.
The Growth of In-Car Payments
According to STL Partners, the global in-car payment market is expected to grow at a compound annual growth rate (CAGR) of 130% between 2023 and 2030.

From: In-car payment market set to exceed $580 billion by 2030.

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Pairpoint – Vodafone and Sumitomo Corporation’s Economy of Things business – and Mastercard today announced a new collaboration and payments service that will allow fleet, freight, shipping, and logistics operators to authorise machines to trade with other machines on their behalf.

The new service, which connects Pairpoint’s platform with Mastercard Gateway, will allow fleet operators’ vehicles to make authorised direct payments at charging or fuel stations, and freight companies to enable payments for pre-approved connections along a route, such as port charges, handling and storage, among a variety of other applications.

Pairpoint-enabled devices will be assigned standards-based digital identities stored within their SIMs, which Pairpoint can use to enable interactions and trades with other permissioned devices on its platform. The service builds on existing Internet of Things (IoT) technology that enables unattended connected devices to transmit and receive data, allowing a shipping container, for example, to autonomously report its weight and free capacity.

From: Vodafone, Sumitomo and Mastercard team on autonomous payments between machines.

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Two years before his death, and at the height of his influence (and the climax of the story), Fugger demands repayment of over three-hundred thousand ducats from the King of Spain, Charles V. Originally, the money was lent to Charles to purchase political support for his 1518 election as Holy Roman Emperor (chapter 8).

From: The Richest Man Who Ever Lived: The Life and Times of Jacob Fugger by Greg Steinmetz – EuropeNow.

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Back in 2020, the US Navy replaced the touchscreen controls on destroyers with physical knobs and dials (following the report into the fatal 2017 USS John S McCain collision).

The Payment Systems Regulator’s response was to say that in the light of the NPV’s direction, it is their intention to “consult on changing our obligations” on Pay.UK.