David Birch

David Birch

Dave is Director of Consult Hyperion, the secure electronic transactions consultancy and is an internationally-recognised thought leader in digital identity and digital money. Named in Wired magazine’s global top 15 favourite sources of business information; rated one of the NextBank “Fintech Titans”; voted one of the European “Power 50” people in digital financial services and ranked Europe’s most influential commentator on emerging payments.

The security problem with QR codes and the real role of NFC

The security problem with QR codes and the real role of NFC

Written by on June 21, 2017 in Guest Blog with 0 Comments

A decade ago I remember writing that one of the problems with QR codes is that there is no security. Some years later I wrote an article pointing out that NFC ought to be safer than QR codes because NFC included a standard for digitally-signing tags (although I did also note that no-one used it) […]

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With the advent of PSD2 will tech companies go direct to consumer?

With the advent of PSD2 will tech companies go direct to consumer?

Written by on June 9, 2017 in Guest Blog with 0 Comments

A payment scheme isn’t just a data switch that connects consumers, banks, merchants and retailers. If it was, there wouldn’t be any, because we’d all just use the internet instead. There are rules that need to be in place to make a scheme work in the mass market, to protect the participants and to fairly […]

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London, a fintech powerhouse that still needs a cheque book

London, a fintech powerhouse that still needs a cheque book

Written by on May 25, 2017 in Guest Blog with 0 Comments

You can’t say that London isn’t a fintech powerhouse and epicentre of the revolution that is forging a new financial services industry in the white heat of old technology. Wait, what? “The UK is to roll out an image-based cheque clearing system in October that will slash processing times from six ‘weekdays’ to one day” […]

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The cost of payments in Canada and why cash is so expensive

The cost of payments in Canada and why cash is so expensive

Written by on May 18, 2017 in Guest Blog with 0 Comments

As I was in Canada, I thought I might mention that a detailed investigation into the cost of payments at POS just released by the Bank of Canada shows (absolutely as I would have predicted given the scale and dynamics of the Canadian market) that Debit cards are the least costly in terms of total […]

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Cash is disappearing in Europe, one in five don’t carry it

Cash is disappearing in Europe, one in five don’t carry it

Written by on May 10, 2017 in Guest Blog with 0 Comments

Well, this is interesting. On the very day of Consult Hyperion’s 20th (yes, 20th) annual Tomorrow’s Transactions Forum to discuss the future of secure electronic transactions and much besides what should fall through the internet tubes but the fifth annual “ING International Survey Mobile Banking 2017 – Cashless Society“, which surveyed nearly 15,000 people across […]

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In payments, cards vs mobile may not matter if apps are the future

In payments, cards vs mobile may not matter if apps are the future

Written by on May 4, 2017 in Guest Blog with 0 Comments

There’s a lot of consumer frustration over mobile contactless payments, but that may not matter if apps, not contactless, are the future of mobile payments. How are mobile payments getting on in the UK? According to the most recent figures from Transport for London, mobile phones now account for about 8% of their contactless transactions, […]

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The future of cryptocurrency may or may not include bitcoin

The future of cryptocurrency may or may not include bitcoin

Written by on April 28, 2017 in Guest Blog with 0 Comments

The future of cryptocurrency for banks could be as a settlement money that connects other different monies. The big question is whether this is this a role for Bitcoin specifically? My old friend Alistair Milne recently published a very interesting paper on Cryptocurrencies from an Austrian Perspective (SSRN, 12th April 2017) in which he explores the use of new […]

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In Fintech and life, when is legal tender actually legal tender?

In Fintech and life, when is legal tender actually legal tender?

Written by on April 12, 2017 in Guest Blog with 0 Comments

At the CSFI’s April “Fintech for Breakfast”, which was kindly hosted by the law firm Denton’s, an interesting topic popped up in discussion about Bitcoin. I’ll come back to precisely what the discussion was later on, but at this point I just want to note that it involved a core issue that often wanders into […]

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How the supply chain will be disrupted by blockchains

How the supply chain will be disrupted by blockchains

Written by on March 28, 2017 in Guest Blog with 0 Comments

I’m not sure if you’re supposed to have a favourite supply chain fraud or not but I do, and it is the famous case of the vegetable oil that almost bankrupted American Express (and went some way toward making Warren Buffet a multi-billionaire). The essence of the story is that a conman, Anthony “Tino” De Angelis, discovered […]

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Biometric payment systems and a pint in Camden

Biometric payment systems and a pint in Camden

Written by on March 15, 2017 in Guest Blog with 0 Comments

A few people forwarded a link from Time Out to me last week, calling attention to a new payment mechanism using a new biometric identification technology to effect retail payments in a new way. The latest in contactless payment – called Fingopay – uses a bartop scanner and allows customers to introduce their index finger […]

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