24 July 2015
Below are our top reads from the last seven days of industry news. Every Friday we’ll publish our picks from industry developments, stories and announcements right here so you can keep you up to date with what’s happening in payments here and overseas.
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Bitcoin for the Greeks
CNN have reported that Greeks are running away from the Euro with some turning to online currency Bitcoin to see if it is any better. It’s all in the numbers: apparently ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper, and Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.
Westpac and Payment Express launch Westpac Direct from Account service
Consumers will soon be able to pay for their online goods directly from their bank account through a new payment service that Westpac has developed with Payment Express. Westpac Direct from Account is a secure API technology-based payment method that eliminates the need for a debit or credit card for online purchases.
Kiwi entrepreneur wins world support
Wellington Entrepreneur Ben Gleisner has created the Good Spend Counter app, which will track users' spending on registered Eftpos and credit cards at ethical businesses. The idea is to change the world not through donations, but purchasing power, by making buyers aware of how ethically they were shopping.
No more sim cards?
Is this the end of SIM card swapping? Apple and Samsung are working on a new embedded SIM that would give consumers the ability to switch carriers without getting a new SIM card, rather than locking them into a specific carrier.
The art of stealing identities
Ever wanted to know how cyber criminals make it away with your money scot-free? Read here for an interesting profile of a conman and his ability to defraud people of their hard earned money.
Partners in cybercrime
Europol and Barclays have intensified their teamwork when it comes to fighting criminals online. The two have signed a MoU intended to strengthen their forces in combating cybercrime that specifically impacts the financial sector. New digital tech is changing lives but comes with new and increased risks, so there is a greater need for security.
Want to know more about financial exclusion?
Financial Inclusion is a global problem affecting half of the world’s adult population and it’s not just confined to developing countries. Read a rundown of the key takeout’s from MasterCard’s Ajay Banga’s speech on financial inclusion.