It Is There For A Reason
A Blog On Payment Technology
Bank of Israel outlines potential scenarios for digital coin
While the Bank of Israel did define potentially possible scenarios for it to launch a digital coin, it is almost as likely as an alien invasion.
Copyrighted Material and AI Training
With a portion of cutting-edge AI research happening in Israel, the Israeli Ministry of Justice has decided to reduce uncertainty for startups, mature companies, and the government by doing something it rarely does: issuing a proactive legal opinion on the use of copyrighted material (the document is in Hebrew, but there is an English summary).
Much Ado About A Code
In 2021, an activist bank, the Amalgamated Bank of New York, decided that the road to eradicating gun violence lies through proper coding and handling gun-related retail transactions. Accordingly, they have submitted a request to the appropriate ISO authority to introduce a new MCC code for gun stores, separating them from the rest of the retail folk.
Are the US adequate?
The new Executive Order by President Biden aims to improve privacy controls and allow EU data to be processed in the United States. It will probably not work out.
EMV quick and slow
EMV chip flow can take time since the card should be allowed to process the issuer’s response. In the US, the flow was made quite quicker.
3-D Secure Is Over
The 3-D Secure protocol was first marketed as “Verified By Visa’ in 2001. By 13th of October 2023, it will be gone.