Monthly Archives: May 2013

Anonymous Payment Schemes Thriving on Web

Anonymous Payment Schemes Thriving on Web – NYTimes.com. The risk of “obscure” activities using anonymous payment systems is an issue that is frequently overlooked but this article highlights its relevance and why anonymity of virtual currencies must be addressed. Advertisements

Posted in AML, Regulation, Virtual currencies | Tagged | Leave a comment

Nigeria announces national ID cards with electronic payment capability built in

Nigeria announces national ID cards with electronic payment capability built in – The Next Web. This is an different ID card proposition from others with chip capabilities because they will include payment applications cosponsored by Master Card. Hence there are … Continue reading

Posted in Debit cards, Digital ID, Financial inclusion, Mobile wallet, NFC | Tagged | Leave a comment

The Unintended Consequences of Mobile Money

Kenyans Find the Unintended Consequences of Mobile Money – Businessweek. Great article about the cultural and social barriers to the development of mobile payments and banking.

Posted in Banking, Financial inclusion, mobile commerce, Mobile payments | Tagged | Leave a comment

MasterCard Prepares to Offer PayPass on Embedded Chips in Samsung NFC Phones

MasterCard Prepares to Offer PayPass on Embedded Chips in Samsung NFC Phones | NFC Times – Near Field Communication and all contactless technology.. After Visa in February, MC is now signing a deal with Samsung to hop into Samsung’s NFC … Continue reading

Posted in credit cards, Mobile payments, Mobile wallet, NFC, smartphones | Tagged , , | Leave a comment

Bitcoin ATMs: Handy Vending Machines or Money-Laundering Nightmares?

Bitcoin ATMs: Handy Vending Machines or Money-Laundering Nightmares? | Wired Enterprise | Wired.com. Interesting pilot. ATMs seem attractive because they help keep anonymity in transactions. But as they mentioned, they have a high reg hurdle to overcome.

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Credit Card Swipe Fee Settlement in US court proposes surcharging consumers

National Retail Federation – NRF to Reject ‘One-Sided’ Credit Card Swipe Fee Settlement. Surcharging consumers as a way to pass along transactional costs from retailers, once fiercely opposed by payment schemes, now seems to be their alternative to settle long … Continue reading

Posted in credit cards, interchange fees, merchants | Leave a comment

Safeway has big plans for payment program that avoids bank debit card fees

Safeway CEO has big plans for payment program that avoids bank debit card fees – San Francisco Business Times. Large merchants developing creative schemes to circumvent traditional card fees. Welcome to all those initiatives to challenge pricing schemes of the … Continue reading

Posted in credit cards, Debit cards, interchange fees, merchants, POS | Tagged | Leave a comment