Archive for August, 2019

The darker side of P2P

August 26, 2019

Thanks to peer-to-peer payment, fondly abbreviated to P2P, it’s now possible to split tabs at restaurants and reimburse friends for odd expenses without having to handle currency. And, much to my kids’ joy, extended family members can send birthday cash faster than ever, without resorting to checks and envelopes. But lunch buddies, friends, and grateful [...]

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Cogito ergo digital payment
Implants, butt readers, and mind control

August 19, 2019

Someday the payments industry may rely on thought alone. PayPal founder, serial entrepreneur, and rich dude Elon Musk recently announced that his company Neuralink plans within a year to have a device that allows people to use their minds to work a computer.  It’s too soon to get excited—many a Musk project has fizzled—but the dream is reality-based. In [...]

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About that box hovering over First Data’s home page

August 12, 2019

If you happen to visit First Data’s home page, you may notice a big, blue rectangle hovering it. It says, “First Data is now Fiserv.”  It was in January of this year that Fiserv and First Data announced plans to become one company under the Fiserv name. Now, seven long months later, the deal is complete. Accuse me [...]

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RILA v. Google and Amazon

August 5, 2019

The United States Justice Department and Federal Trade Commission are about to get an earful about Amazon and Google from the Retail Industry Leaders Association (RILA). Bloomberg reports that RILA, whose members include Walmart, Target Corp., and Best Buy Co. and others … … joins a slew of companies, including Oracle Corp., Yelp Inc., Tripadvisor, Inc. and [...]

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