"Bank to the FinTech" Why Banks of the Future Won't Use Cash | Chris Richards Finteched | Pulse

"Bank to the FinTech" Why Banks of the Future Won't Use Cash | Chris Richards Finteched | Pulse | LinkedIn

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In the future, social networks such as Facebook will become a new type of bank - a bank of your social credit. If you have poor social credit scores, people will be less likely to do business with you. Those with positive social values or high Klout scores will get better deals or superior rates of lending.

From "Bank to the FinTech" Why Banks of the Future Won't Use Cash | Chris Richards Finteched | Pulse | LinkedIn

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Reputation will become a real social currency.

From "Bank to the FinTech" Why Banks of the Future Won't Use Cash | Chris Richards Finteched | Pulse | LinkedIn

I couldn’t agree more. It’s almost as if your identity was a new form of, well. money.

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Websec Canada: Launching replay attacks against the Wells Fargo Wallet service

xxx This white paper is a shortened version of the actual research. Unfortunately, the exploitation bug is not fixed yet. The company was notified and informed about the issue. However, the bug is not fixable (at the moment). From Websec Canada: Launching replay attacks against the Wells Fargo Wallet service . xxx

There is no excuse for not taking cards

So we went to the pub. For lunch. Seven of us. Say £20 per head. £100+ quid. Say £50 quid gross for the pub. Colleague goes to order food and drinks and pay at the bar. Apologetic barmaid comes over to explain that their “card machine” is down, so she can only accept cash. Under normal circumstances I would have simply walked out, feeling it wholly inappropriate to reward such a poorly managed establishment and, as a functioning actor in a capitalist economy, done my duty to depress their lunchtime takings. Here’s what we wanted to say: This is absurd. This is 2016 not 1916. Your card machine is down? Well, so what! Are you seriously telling me that mein host has no mobile phone number capable of registering for PingIt or PayM? That none of the staff or the pub itself have a PayPal account that I can send the money to? That neither the owners nor managers not contingency planners thought to tuck an iZettle behind the bar to use when the clunky and expensive GPRS terminal fails for o...

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