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Mastercard has just filed a patent for a “Method and System For Instantaneous Payment Using Recorded Guarantees.” This is, in short, a patent for a blockchain-based system that offers instant payment. The patent describes A method for processing a guaranteed electronic transaction, includes: storing account profile, each include an account number and balance; receiving a transaction message [...]

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How often have you got to the end of a project and wished you’d known something at the start? This is no bad thing because learning from one’s mistakes is one of life’s lessons — luxuries even. Yet in business, it’s a bit different. Projects have to be delivered on budget and on time. It [...]

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EACHA leads, upon invitation by the ECB, a taskforce consisting of ACHs (including members of EACHA, EBA Clearing and representatives of Target2), national central banks, the ECB, and ad hoc other stakeholders. The purpose of the group is to deliver to the Eurosystem, by March 2016, a set of business requirements for ensuring risk management, [...]

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