It Is There For A Reason

A Blog On Payment Technology
Regulation

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).

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Payments

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.

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Regulation

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.

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Payments

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.

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Payments

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.

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