UK’s Metrobank to Start Blockchain Card Payments in 2017
Deloitte and fintech startup SETL has partnered with UK bank Metrobank to take blockchain-based card payments live by the end of 2017. Blockchain Bypassing ‘Very Expensive Legacy Infrastructure’. Following a successful trial with 100 Metrobank customers, the joint program will roll out to allow instant transactions which bypass “legacy infrastructure.”....
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It is no secret that any type of card reader can be used for both legal and illegal activities. Making credit card payments in most countries involves either the customer or cashier to swipe the card through a card reader. Square, a company, known for its credit card payment processing capabilities, faces some security concerns as far as their Square Reader device is concerned. With technology evolving at a rapid pace, a lot of focus is being put on making the entire payment experience more convenient for customers. As a result of that ideology, applications and hardware have been released....
Jeremy King, the international director of PCI Security Standards Council, laid out five major trends in payments in 2017 to look out for. Four of the five trends revealed by King involved Blockchain technology, with Internet of Things (IoT), Blockchain payments, tokenization and encryption included as major trends for next year. Tokenization, Encryption, Blockchain Payments, IoT. According to King, five major trends will dominate the payment industry in 2017. The five trends are IoT, Blockchain, tokenization, encryption and mobile payments, all of which seems to involve Blockchain....
Yves Mersch, member of the executive board of the European Central Bank (ECB), has said innovative new payments technologies like the blockchain have the potential to disrupt card-based payments. Mersch made his comments while addressing a Bank of France Conference in Paris on 18th January, in a speech titled 'Card payments in Europe – latest trends and challenges'. Discussing the emergence of innovative payment solutions, including distributed ledger technologies, the banker predicted they could 'impact payment behaviour and the usage of cards and other traditional payment instruments in....
The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering.
Expect 2017 to be a very good year for Bitcoin’s price. That’s according to prominent Bitcoin investor Barry Silbert, who shared his ten predictions for the upcomming year. Many Applications for Bitcoin and Blockchain. Silbert, founder and CEO of Digital Currency Group (DCG), recently shared his top ten predictions for 2017 at DCG’s annual Bitcoin &....