The UK opened the door for Facebook and Google to start acting like banks – Jan 13 2018

ILLUMINATI using their corporations of GREED to skim [scam] money off transfers ! DON’T these GUYS ever stop the GREED & INSANITY ?

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Found on QUARTZ media LLC US

The UK opened the door for Facebook and Google to start acting like banks

THE NEW STANDARD

The UK opened the door for Facebook and Google to start acting like banks

Watch out, big banks. (Reuters/Peter Nicholls)

January 13, 2018

Starting Saturday (Jan. 13), the UK’s nine biggest banks, which service most of the population, will no longer have a lock on the state’s financial transactions.

New rules that are part of a UK directive called Open Banking aim to make it easier to compare and switch UK banks. Financial institutions will have to share their customer data with other companies if customers give permission. That means third parties will also be able to make payments on behalf of customers, or manage their finances for them.

This opens the door for tech companies like Facebook and Google, which have been trying to break into banking without actually becoming banks. Both Facebook and Google have waded into payments in the UK with products like Pay by Messenger, which launched in November, and Google Wallet, where you can send payments via email.

With the new rules, Facebook could think about extending payments to WhatsApp as it has in other part of the world, allowing you to pay your roommate back for groceries within Facebook’s chat app, for example. And Google Pay could someday be used as freely as it is in the US, where users pay for travel via apps such as Airbnb, or buy goods in physical stores.

Previously, companies like Facebook and Google had to negotiate deals directly with banks in the UK to get access to account or transaction data when given permissions, which limited the opportunities for these kinds of products. Startups with less negotiating power needed to ask for your username and password, then log into your bank’s website and scrape it for information like your transaction history, Wired recently explained.

The new rules force the UK’s big banks—Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds, Nationwide, RBS, and Santander—to put APIs in place that standardize and secure the release of customer data, so that it’s easier to share when customers allow it.

“Next time you need to send your friend a tenner, you’ll instant-message them the money, rather than opening up your boring bank app, fiddling about finding their bank details, authenticating yourself again and finally firing off the cash,” digital-financial consultant David Birch wrote in Wired UK this month. “You’ll just type ‘+£10’ in your WhatsApp chat.”

It would also mean that when you buy something on a site like Amazon, the retailer wouldn’t have to contact a third party to get in touch with Visa or Mastercard to take the payment from your account. It could cut out the middle men and take that payment directly from your bank account.

And it paves the way for products that could allow you to see all of your banking information in one place if you have accounts with multiple banks, or securely share all of your finances with lenders when you apply for a loan.

With the new directive, tech companies and startups could become real rivals to historic financial institutions.

The UK opened the door for Facebook and Google to start acting like banks

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MEANWHILE JEFF BEZOS is PUSHING the A.I. AGENDA like stink ! You have to understand the DARK ELITE have a special CLUB with the BILLIONAIRES who BELIEVE that they are ENTITLED to DO whatever the HELL they want to US and our FUTURE. They THINK that they are ABOVE ALL LAWS that they WROTE, which I have cancelled whether they LIKE it or NOT as they are NOT the 10 commandments which were OUR LAWS given by GOD until the REPTILES took over and came out with several different LAW systems that BENEFIT the psychotic ELITE.

WHO is the REAL JEFF BEZOS ? Probably DEAD and CLONED already !

Jeff Bezos Defender of Pedophilia, CIA Black Sites put to “good” use /sarcasm heavy

Published on Nov 28, 2017

Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. As with all my videos I refuse monetization and the content of this video is purely for educational purposes only. There is no intent to profit with the content of this video.

Bezos, Automation, PizzaGate, Lynn de Rothschild, Jesuits, Amazon and More.

Streamed live on Nov 16, 2017

In this video I went over a myriad of news topics, starting with analyzing Lynn de Rothschild’s twitter timeline. Trashing John McCain for his ties to the creation of ISIS and the Rothschild’s. Showing the proof that the Vatican runs the Rothschild’s, including the Lynn de Rothschild account retweeting the Pope. Discussing how the Federal Reserve should be burnt to the ground. Lynn de Rothschild’s account on twitter, please don’t tweet at her for teh lulz or anything: https://twitter.com/LdeRothschild Rothschild’s are keepers of Vatican Gold: https://geopolitics.co/2015/04/08/the… I also went into how the fight against GMO’s and Big Pharma is going, the answer is not well, 1 million consumers stood up to big Pharma to stop the Monsanto Bayer Merger: https://www.commondreams.org/newswire… I discussed how Bezo’s who runs the WAPO, bought up the GMO market by purchasing Whole Foods, and now he is automating Whole Foods, enter the 4th industrial revolution: http://www.zerohedge.com/news/2017-11… Amazon Poses serious threat to Freedom and Free Markets: http://www.zerohedge.com/news/2017-11… Ethereum Founder advocates for Child Porn: https://steemit.com/ethereum/@titusfr… Please go watch and vote on the Edward Snowden debate! I am currently losing but I think I made a very persuasive argument, watch and decide for yourself: https://www.qallout.com/debate/3719-e… Also please go check out the 9/11 debate I was in and let me know what you think: https://www.qallout.com/debate/3270-9… “The Darkest of Red” Trailer: https://www.youtube.com/watch?v=40yaF… “Kids Inc.” Trailer: https://www.youtube.com/watch?v=CWdSe… Tweet by “The HoneyBee” regarding the sick pedo who raped his own foster kid, and the daily mail adding Pizza images to the article: https://twitter.com/TheHoneybee_/stat… Full Show Notes On Steemit: https://steemit.com/rothschild/@titus… Read my Steemit Blog! https://steemit.com/@titusfrost My Patreon: https://www.patreon.com/TitusFrost Hit me up on Social Media: * Twitter: @ImperatorTruth: https://twitter.com/ImperatorTruth (When I am un suspended lulz) * FedBook: “The Lost Truth”: https://www.facebook.com/TheLostTruth… * Minds.com: “TitusFrost”: https://www.minds.com/TitusFrost * My Vid.Me Channel: https://vid.me/Titus_Frost * YouTube: “Titus Frost”: https://www.youtube.com/channel/UCDHr… * My Published Book: “The Lost Truth”: https://www.amazon.com/Lost-Truth-Dea… * Gab.ai: TitusFrost: https://gab.ai/TitusFrost * BitChute: https://www.bitchute.com/channel/Titu… * DTube: https://dtube.video/c/titusfrost * Check out my book on OpenLibrary: https://openlibrary.org/works/OL17155…

Amazon Echo Is Spying On US, Shuts Down When Asked About CIA CONNECTION EXPOSED!

Published on Mar 10, 2017

Amazon Echo Is Spying On US, Shuts Down When Asked About CIA CONNECTION BUSTED! ILLUMINATI BIG BROTHER Jeff Bezos Amazon, ‘The Washington Post’ and That $600 Million CIA Contract exposed! http://www.accuracy.org/release/cia-c…

Makes ONE wonder “How many CHILDREN were SACRIFICED” here!

 

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Amazon CEO Jeff Bezos Announces $33 Million in Scholarships for 1000 Illegal Immigrants Billionaire Amazon CEO Jeff Bezos has

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On Friday, Amazon founder and CEO Jeff Bezos and his wife, MacKenzie, announced that they plan to donate $33 million to help

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