Archive for the ‘Obama’ Category

August 22, 2011

Is recent EMV announcement the catalyst the U.S. needs to catch up?

During this past year, the team at Portals and Rails has published several articles exploring the growing risks in card-based payments and the need to move to a more sophisticated and secure enabling technology. But overhauling a payment system is no easy task, as there are many players that need to collaborate, from the card networks to the bank issuers and merchants. How does the industry organize itself to orchestrate a much-needed transition?

http://portalsandrails.frbatlanta.org/2011/08/lessons-from-mario-brothers-finding-keys-to-fighting-fraud.html

Interesting question for the industry as we go through this transformation to a fully connected world where everything happens between our mobile phone and the merchant, friend, family, phone or cash.

 

 

NSTIC and EMV should merge

October 03, 2011

Cyberspace trust: Proving you’re not a dog

A very real discomfort underlies the classic joke: “On the Internet, nobody knows you’re a dog.” How can you prove your own identity and confirm the identity of others during virtual interactions? Every time you reach out to a friend on Gchat, post on a classmate’s Facebook wall, or send money to a colleague via PayPal, you are relying on a key assumption: that the person you’re reaching out to behind that Gmail address, Facebook profile, or PayPal screen name is who they say they are. Without this baseline confidence, online interactions and commerce would be paralyzed.

http://portalsandrails.frbatlanta.org/2011/10/cyberspace-trust-proving-youre-not-dog.html

Philip thinks:

  • The next step is to merge the identity sought by everyone and easily relegated to the Banks to manage.  Facebook and GMail offer an option if their KYC can be improved.  With face to face meeting it is possible to truly prove identity, requiring a branch network.
  • Transaction processing is legacy in the developed world while the emerging economies offer an opportunity to build new.  Existing standards and processes need to be respected as they transform to absorb the new information attachments and Internet offers we now need to cope with.
  • The Wallet forms the basic unit to create a trusted network employing smart cards, trusted computing, persistent computing and inteligence to enable the consumer experience.
  • Privacy and integrity of that trust is essential to the system
  • The individual is key
  • Respect rights and obligations

 

 

 

 

Remove Volatility

Today I was confronted with volatility. In a two week period gas prices had gone from 2.395 to 26795, quite a climb of less than 14 days.

Volatility, this is what we must remove from peoples lives. Stability and comfort are what is important. Having gameful activity to allows us to contribute to the whole. Being idle is unproductive and only benefits the traders who prey on short term activity to enjoy profits from volatility.

Our President must accept that the Wall Street lobby must be squelched for a while as volatility is banded from the marketplace. This will take an acceptance on the part of the wealthy that they cannot take it beyond the grave and before that excessive income is not acceptable to the healthy grow of civilization.

Set a maximum salary of say 2 million.

Foreign exchange markets are another area of concern. Volatility based on war and famine must the mitigated out of the civilization.

Our civilization is global and provisional limitations such as food subsidies need to be removed.

Remember they are simply subsidies paid by the tax payer. Government should be limited to a percent of the population; remembering its role is to only assure the the primitive functions of justice, liberty, freedom and security.

Regulation is something that must be removed and a new form of peer review established with responsibility to maintain quality, service, stewardship for the planet, and a judicious use of nature resources. Free enterprise is encouraged by remembering that it is the relationship between the customer and proffer that ultimately decides success.

From Nothing Something

In an apologetics I was asked to question the idea that something came from nothing.

This is what I have to believe if I am going to listen to the Atheists and ACLU.

Then I thought about Creation and Intelligent Design.  Oh how much simplerit to believe than these Macro Environmental facts that cannot be backed up with data explains it all.  There is much to accept if you are going to believe out of the Big Bang and Chaos; time would produce a single cell.  Then from that single cell produce the abundance of life forms that have and do exist.

255 proteins must magically appear in one place at the exact right time,

Before we can start thinking about things like DNA