Month: July 2015

Federated Identity Management: A consensus based approach towards solving the KYC problem

A Tangential Stroll Ask anyone who has ever owned a mobile phone (or two) and an email address (or two) and they will tell you, managing contacts can be a pain in the ass! Despite all the advances made in apps, OS, APIs, data sharing, etc. contact management remains to be a stone under everyone’s …

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Bitcoin Remittance Transfers: What Central Banks look for in Remittances?

The world of remittances is changing fast. New innovative methods for money transfer are now being applied to the remittance industry with a pace never seen before. A question often asked of me is why a certain method of remittance is deemed correct and an alternative method not? Well, lets take a look at a …

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GIGYA The 2015 State of Consumer Privacy & Personalization

Identity 3.0 – The Evolved Digital Identity

Gigya’s recently published white paper, “The 2015 State of Consumer Privacy & Personalization“, reveals an increasing acceptance of innovative authentication methods by consumers in the US and UK, specifically biometric methods like fingerprint and signature authentication to make payments. The study calls this the evolution of a new digital identity: Identity 3.0. — This page …

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US Payments Statistics

Here are some interesting statistics about the US payment system (as extracted from the 2013 Federal Reserve Payments Study) The estimated annual number of unauthorized transactions (third-party fraud) in 2012 was 32.3 million, with a value of $6.4 billion. Among general-purpose card payments in 2012, card-not-present fraud rates were estimated to be approximately 3 times card-present …

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