Category: payments
From tally sticks to the Blockchain
I guess there is little that is totally new. Look at this… The split tally was a technique which became common in medieval Europe, which was constantly short of money (coins) and predominantly illiterate, in order to record bilateral exchange and debts. A stick (squared hazelwood sticks were most common) was marked with a system…
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PayPal Credit
I’ve just received an email from those fine people at PayPal. Apparently PayPal Credit, a new payment option, is now available. PayPal Credit is a new service that enables you to make the most of your PayPal account. It works like a virtual credit card and offers an instant decision and a paperless application process.…
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NFC’s outlook downgraded by 95%
Wow, if I had planned my future business on the $1 trillion Strategy Analytics estimate I would be more than a little ticked off when 95% of the predicted market had disappeared. That’s according to a new report from Strategy Analytics, which estimates that roughly $48 billion in transactions will be completed with NFC-enabled handsets…
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Cash Remains King in UK Shops
Alternative/emerging means of payment, such as online payments and money-off coupons, grew last year seemingly by 150%, although these remained a fraction of the total. But cash remains the dominant payment mechanism. Cash is still the most popular form of payment in UK shops but the popularity of vouchers and coupons is on the rise,…
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