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Prove Auth enables companies to reduce reliance on passwords and one-time passcodes (OTPs) and empowers consumers to frictionlessly authenticate in all channels including phones, desktops and call centers with a solution that is simple, cost-effective, and secure. Prove Auth protects consumers from fraud including account takeovers.

Prove Auth is powered by Pinnacle™, Prove’s identity platform which manages identity tokens for 90% of the US adult population and is rapidly expanding globally. Prove’s identity tokens enable passive authentication with unparalleled accuracy versus legacy methods that are probabilistic and cumbersome.

From Prove Announces the Launch of Prove Auth™ to Deliver Next-Generation Passwordless Identity Authentication | Business Wire:

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Suresh Kumar suggested that crypto will become an important payment tool across the Metaverse and social media, as these areas will be a major way customers discover new products.

From Walmart CTO says crypto will become a ‘major’ payments disruptor:

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The Reserve Bank’s annual report said a 7.2 per cent increase in circulating notes last financial year was driven by demand for $50s and $100s.

From RBA says Australia flush with $50, $100 notes:

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If you want more evidence that Musk’s Twitter purchase is a payments play, look at some the people he has brought in to help him: Binance founder Changpeng Zhao, David Sacks, another PayPal Mafia member who is deeply involved in crypto, as well as Sriram Krishnan, who invests for a16z crypto and who has an Ethereum address in his Twitter handle. Does this sound like the makings of a political and media operation—or a payments one?

From Payments are the reason Elon Musk bought Twitter | Fortune:

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In 2020, NBK developed the Strategic Roadmap for FinTech and Innovation for 2020-2025 and the National Payment System Development Strategy until 2025 to envision the future of digital financial infrastructure in Kazakhstan.

This includes projects such as:

Instant Payment System
Digital Tenge
Open Banking and SupTech & RegTech solution stack

From Kazakhstan: Future of Payment and Digital Financial Infrastructure / News / Currency Research:

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The central bank, which is around 78 per cent owned by Swiss public entities, revealed on Monday that it had lost CHf142.2 billion ($142.60 billion) in the first nine months of 2022.
The losses total more than the GDP of countries including Hungary, Ukraine and Morocco, but the SNB’s ability to create money means that it does not face bankruptcy.

From Swiss National Bank records worst losses in its history – FStech Financial Sector Technology:

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In July, the U.K.’s Financial Conduct Authority (FCA) has confirmed its plans to bring in a new Consumer Duty, which will fundamentally improve how firms serve consumers. It will set higher and clearer standards of consumer protection across financial services and require firms to put their customers’ needs first.

We set out the final rules and guidance for a new Consumer Duty that will set higher and clearer standards of consumer protection across financial services and require firms to put their customers’ needs first.

From PS22/9: A new Consumer Duty | FCA:

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So far, four European startups have made their superapp intentions clear: Klarna, Revolut, Bolt and Lydia. Three out of the four are fintechs: unicorns Klarna, Revolut and Lydia. Bolt started in transport then launched food delivery.

From Why do Klarna, Revolut and Bolt want to become Europe’s superapp? | Sifted:

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“I don’t think there will be a European superapp in the Chinese definition,” Joakim Dal, partner at Revolut and Klarna backer GP Bullhound, tells Sifted.

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In fact, any argument that says electronic cash should emulate any of the characteristics of physical cash is doomed because electronic cash and physical cash are fundamentally different things. They are not even apples and oranges, which are at least both kinds of fruit. Other than the use of the word ‘cash’, physical cash and electronic cash have nothing in common.

From Should a CBDC really be like cash? – Central Banking:

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Other features of the newly published specifications include a secure channel to provide privacy and protect sensitive data, Elliptic Curve Cryptography (ECC) for card authentication, support for biometric and mobile card verification, optimization for cloud operation and optional on-card data storage, according to the press release.

From EMVCo Issues New Specs for Contactless Payments:

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