Canadian banks to test blockchain digital identity network for consumers

Canadian flag

A blockchain-based digital identity network that will let Canadians verify their identity to organisations of their choice and access services such as new bank accounts, driving licenses or utilities using a mobile app is now undergoing testing ahead of a planned launch later this year. The service is backed by a group of Canadian banks that includes BMO, CIBC, Desjardins, RBC, Scotiabank and TD. More





R3 develops KYC registry using blockchain

Blockchain consortium R3 and 10 of its member banks have developed a proof-of-concept Know Your Customer (KYC) registry using distributed ledger technology to address the “challenges associated with satisfying regulatory requirements” and allowing identities to be managed by their owners... More




What's New in Payments

Turkey embraces cashless society despite Swedish concerns

Dr Soner Canko at Money20/20 Europe

A call by Sweden’s central bank to make using cash a legal right for consumers will create question marks in the minds of central banks and other players in international markets and will raise “some concerns” about a completely cashless society, the CEO of Turkish card payment system operator BKM has told attendees during a panel session at Money20/20 Europe. More









Judge rules on fingerprint-locked smartphones

A Virginia Circuit Court judge has ruled that police officers cannot force criminal suspects to divulge mobile phone passwords but they can force them to unlock their phone with a fingerprint scanner, WSJ reports... More




NFC World

Taiwan TSM plans face opposition

Easycard logo

The decision, taken yesterday by Taiwan’s Fair Trade Commission, to grant conditional approval for Taiwan’s five carriers and transit card issuer EasyCard to set up a national TSM joint venture for NFC payments and ticketing has not been universally welcomed... More


NFC World

Taiwan TSM project gets approval

Taiwanese flag

Taiwan’s Fair Trade Commission has given the go-ahead for transportation card issuer EasyCard and the country’s five carriers to form a joint venture company to deliver NFC payments and ticketing services — provided the partners comply with a number of conditions designed to ensure a competitive environment is maintained. More