War on Cash suffers setback: Visa payments system crashes in the UK– one of the world’s most cashless economies– forcing people to ATMs to withdraw cash to settle transactions.
Read more...The risks of introducing a central bank digital currency are high while the efficiency gains do not seem large. A more efficient system can be achieved via innovation in current payment infrastructure.
Read more...The mess at TSB is even worse that the press would have you believe.
Read more...An epic IT disaster at the UK’s TSB illustrates how fragile banking systems are.
Read more...Why newfangled finance will not have much impact on the banking industry.
Read more...A deep dive into the origins of credit and money, along with the political implications of different theories.
Read more...Cyrptocurrencies’ wild ride is looking more and more like a skydive with no parachute.
Read more...Blockchain hype is finally meeting commercial realities.
Read more...A new category of cryptocurrency sucker, and even worse, leveraged traders to boot.
Read more...The Wall Street Journal gets itself duped into publishing some particularly flaky, um, nebulous, um, aspirational Amazon banking ideas.
Read more...The misrepresentation of how the US money system works is worse than mere economic malpractice, which is already pretty common.
Read more...How cryptocurrencies do a poor job of delivering on their supposed purposes.
Read more...PayPal is no longer getting away with the sort of things it could as a payment processor newbie.
Read more...Mastercard and other financial services providers are aggressively promoting biometrics. Where are the vaunted EU privacy regulators?
Read more...Lambert here: Prosecution futures, as Yves has always said. By Marshall Auerback, a market analyst and Research Associate at the Levy Institute. Originally published at Alternet. Is the bitcoin craze another in a series of history’s most infamous bubbles, or is it a genuine harbinger of a new global financial architecture? In spite of recent […]
Read more...