The Chinese were first with the great transition from commodity money to paper money. They had the necessary technologies (you can’t have paper money without paper and you can’t do it at scale ... [Continue reading]
Payments used to be a banking business. Now it is not, and the interests of the banks and the payments industry are no longer wholly coincident. The banks don’t own Visa and MasterCard any ... [Continue reading]
Another waste of money is around the corner for the UK banking sector.
"Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes… The ... [Continue reading]
Well. How about that. You could have knocked me down with a feather. Blimey. And so on and so forth. Check this out...
A payment scheme isn’t just a data switch that connects consumers, banks, merchants and retailers. If it was, there wouldn’t be any, because we’d all just use the internet instead. There are ... [Continue reading]
You can’t say that London isn’t a fintech powerhouse and epicentre of the revolution that is forging a new financial services industry in the white heat of old technology. Wait, ... [Continue reading]
As I’m in Canada, I thought I might mention that a detailed investigation into the cost of payments at POS just [Continue reading]