Online Payments
Politicised PayPal Problems
After PayPal first announcing that it would fine customers for using its services to spread misinformation and then, following a backlash, saying this had been an error, we look at what happened and why. Policy Update – Fines For Misinformation Just over a week ago, PayPal was reported to have published an update to its…
Read MoreMost People To Have Digital Wallets by 2026
While some people are busy asking whether we’re seeing the death of cryptocurrencies, a new report says 60 percent of us will be using digital wallets by 2026. Digital Wallet Usage Driven By ‘Superapps’ A Juniper Research study says that the presence of ‘superapps’ will drive digital wallet use in developing countries that are currently…
Read MoreWhat Is Shopify?
In this insight, we take a look at Shopify, what it offers, and how it has grown to become a major e-commerce platform. Where And Who? The Canadian-based Shopify Inc. is a multinational e-commerce company founded in 2006 by Tobias Lütke and Scott Lake after they tried to set up an online store for snowboarding…
Read MoreFirst Direct Customers Can Pay By Siri
First Direct customers can now make voice-activated payments to existing payees or mobile contacts via the Siri tool on their Apple iPhones, without logging into online banking or using their password. Following Barclays First Direct’s move to voice-activated payments follows the move by Barclays last August to allow its customers (with an Apple device with…
Read MoreUK Government Unveils Online Extremism Blocker
Home Secretary Amber Rudd has unveiled the UK government’s new tool for detecting and blocking online extremist and jihadist content. Publicly Funded The new tool was developed by artificial intelligence company ‘ASI Data Science’ based in London, and was funded using £600,000 of public funds. Tackling A Growing Problem The tool was developed to tackle…
Read MoreBitcoin Battered
Cryptocurrency Bitcoin’s value has now dropped to $6,000, a fall of $13,000 since November 2017. What Is Bitcoin? Bitcoin is a digital web-based currency that operates without the need for central banks and uses highly secure encryption to regulate the currency units and to verify transfers of funds. Bitcoin, which was first produced in 2009,…
Read MoreVirgin Credit Cards : No To Crypto
Shortly after Lloyds Bank announced that it would be banning customers from buying crypto-currencies such as Bitcoin using their credit cards, Virgin Money is now adopting the same policy. Why? The volatility of cryptocurrencies such as Bitcoin have led Lloyds, and now Virgin Money to try to protect their customers from running up large debts…
Read MoreBitcoin’s Biggest Increase in Value in 3 Years Fuels Renewed Optimism
The growing optimism for the future of the web-based crypto-currency ‘Bitcoin’ received another boost this week as the value of 1 Bitcoin jumped above $1,000 (£815) for the first time in three years. Performed Better Than Central-Bank-Issued Currencies. On Sunday, the digital currency’s 2.5% increase in value helped it to not only reach a three-year…
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