E-money blog

Do We Actually Prefer Plastic?

Americans still prefer to pay by debit cards, but the number of such users is steadily declining, informs a new report by TSYS processing company. 43% of the 1000 respondents, who own both debit and credit cards, have named the debit card as the preferred method of payment. In 2013, their share was 49%. The percentage of users who prefer … Read the rest of this entry

Banned Bitcoin Sites Sued The Russian Government

Bitcoin sites banned by Russian Media Authorities have gone to court to overturn a decision that has blocked access to their domains. The Russian government has filed a petition to dismiss a complaint submitted by the websites, two of six that are currently being blocked by the government. Smile Expo argued that its website was used for the dissemination of … Read the rest of this entry

Currency Cloud Expands To The US

International payments provider Currency Cloud has expanded to the U.S. The company, whose API facilitates cross-border payments for businesses has opened its first U.S. office in New York. The company’s API currently provides over 100 FinTech firms with the ability to fully automate and manage all aspects of their international payments. Currency Cloud, launched in London in 2012, notes in … Read the rest of this entry

Stanford Professor is Working on Rival for Bitcoin

Stanford professor David Mazieres is working on faster, more flexible, and more secure alternative to Bitcoin. The new technology could make digital payments cheaper, safer, and easier—particularly across borders. Mazières is taking leave from Stanford to work four days a week on the project as chief scientist. Mazières’s new cryptocurrency protocol, called SCP, is being adopted by a nonprofit called … Read the rest of this entry

New Micronation Established Bitcoin As National Currency

The Free Republic of Liberland, declared independence on 13 April 2015, has established Bitcoin as the national currency. There are plans for an official cryptocurrency system, although all other currencies will be allowed. The self-proclaimed micronation covers six square  kilometers on an unclaimed parcel of land at the western bank of the Danube river between Croatia and Serbia. This area … Read the rest of this entry

Kairos Smartwatch Gets NFC Payment Option

“Mechanical smartwatches” is now equipped NFC payment option based on a wearable payments solution from Wirecard, German payments technology provider. With the new option, launched earlier this year, smartwatch wearers can make payments via NFC after downloading payment tokens from their smartphones. Tokens can be preloaded and held on another device, in this case a smartwatch, so that the phone … Read the rest of this entry

Your Hand Could Eventually Replace Your Wallet

In September 2012, the Japanese bank Ogaki Kyoritsu introduced the world’s first biometric payment system. The Bank put into operation 18 ATMs, that allowed withdrawing and managing founds via the account holder’s hand. That is, identification of the account holder is made by vein configurations with the introduction of pin-code and date of birth. ATM cards aren’t required. Introduction of … Read the rest of this entry

Jawbone Teams Up With AmEx For Contactless Payments

Fitness tracker Jawbone UP24 has partnered with the American Express credit card to offer its users a wearable payment option. Jawbone’s new Up24 enables the cardholders make payments by tapping the bracelet against payment readers. Through the Up app for iOS and Android, you connect an eligible American Express card and can then tap to pay for items. The new … Read the rest of this entry

eBay, PayPal Will Be Interdependent For Five Years After Break

eBay has agreed to remain the volume of transactions it channels via PayPal, as it does now, for the next 5 years after the split. The two companies has agreed to pay each other a fee if the percentage of marketplace sales rose or fell above that mark. In its turn, PayPal, agreed to continue charging eBay merchants less than … Read the rest of this entry

Google Wallet Funds Are Now FDIC-Insured

Google Wallet funds will now be held in FDIC-insured banks. Thus, if Google ever fail then the U.S. government will have your back. It’ll be able to protect up to $250,000 at said banks. Until now, balances held in Google Wallet accounts did not enjoy this protection. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. … Read the rest of this entry