Skip to main content

Cashless payments: How one city has made electronic transactions pay off | ZDNet

xxx

There are several reasons for this gap: one is that Italy has a record number of 'unbanked' citizens. In other words, 15 million Italians do not have a bank account. Behind this statistic lies a wariness about financial monitoring because of privacy concerns and because of widespread tax avoidance. Read this Inside the pay-by-tweet service that's poised to shake up France's payments market

Inside the pay-by-tweet service that's poised to shake up France's payments market

A subsidiary of France's second biggest banking group has introduced a novel money transfer service tied to Twitter.

Read More

It's not easy to overcome those obstacles. But a local administration in Italy is doing its best to swim against the tide. The northern city of Bergamo in Lombardy has succeeded in recording a 10 per cent increase over seven months in the number of electronic payments made by residents,

From Cashless payments: How one city has made electronic transactions pay off | ZDNet

xxx

Comments

Post a Comment

Popular posts from this blog

We could fix mobile security, you know. We don't, but we could

Earlier in the week I blogged about mobile banking security , and I said that in design terms it is best to assume that the internet is in the hands of your enemies. In case you think I was exaggerating… The thieves also provided “free” wireless connections in public places to secretly mine users’ personal information. From Gone in minutes: Chinese cybertheft gangs mine smartphones for bank card data | South China Morning Post Personally, I always use an SSL VPN when connected by wifi (even at home!) but I doubt that most people would ever go to this trouble or take the time to configure a VPN and such like. Anyway, the point is that the internet isn’t secure. And actually SMS isn’t much better, which is why it shouldn’t really be used for securing anything as important as home banking. The report also described how gangs stole mobile security codes – which banks automatically send to card holders’ registered mobile phones to verify online transactions – by using either a Trojan...
Post a Comment
Read more