WE PUT CYBER-SECURE PAYMENT NETWORKS INTO GEAR
News around financial technology:
The finger print - just a feature of comfort.
The fingerprint is by no means a secure identification when it comes to the question "Who is your customer"?
Child used finger of sleeping mother for shopping
A smartphone lock, which can only be lifted by fingerprint, has not prevented a six-year-old from buying an online Pokémon shop. The child simply sneaked to the sleeping mother, unlocked the smartphone with her finger and gave 250 US dollars for Pikachu and Co. out.
In America, vendors such as Apple, Google and Amazon are struggling against class actions of people who are indignant about how minors can easily purchase their services and spend money. But the case of Bathany Howell in Arkansas shows that even the best protection does not necessarily have to help.
Her daughter crept up to her mother as she slept and unlocked the parental smartphone with her finger. Then the little girl bought 13 Pokémon articles through the Amazon app. The parents assumed a hack when they saw the bill. Little daughter Ashlynd said she did shopping. In the end nit did not happen much, the family could send back all the articles.
BT/KPMG: Cybercrime damages more then 400 billion dollar each year.
The world of payments remains in constant flux.
Swift: With whom do you do business? The customer remains responsible.
Recognition from a distance in online banking.
What's next for China's booming fintech sector?
CEO PayPal Europe Rupert Keeley: "PayPal's core value proposition is to combine convenience with security." - no solution of a biometric K-Y-C ID is offered yet.
June, 2016 Alipay and Concardis are rolling out in Germany - without a biometric K-Y-C ID
Russian Sberbank Chef German Gref May 26, 2016: The biometric K-Y-C identification is going to replace the plastic card.
McKinsey & Company (copyright), Feb. 2016, Cutting through the noise around financial technology
News around blockchain technology - ≪public key≫ and ≪private key≫ and The B-K-Y-C ID-Code
≪The Biometric-Know-Your-Customer Identification≫ by IBT, prospectus 2/5, page 15-17; prospectus 3/5, page 16-17:
Nach Credit Default Swaps (CDS) - Löst Blockchain die nächste Krise aus? FAZ 23.05.16
Blockchain a trustmachine? No, the B-K-Y-C ID-Code absolutely essential.
McKinsey & Company (copyright), May 2016, How blockchains could change the world
Neue Zürcher Zeitung (copyright), 03.05.16, Herausforderung für Banken und den Staat: Blockchain - der nächste Wohlstandsschock