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ECB launches €10 banknote competition

Banknotes, NewsBy SMI 18/12/2013

The European Central Bank (ECB) is due to unveil the new €10 banknote in January 2014 and is expected to begin circulating later in the year. To promote the banknote’s security features, the ECB is holding an online competition for all European Union (EU) residents over 18 years old. Participants need to guess 4 of…

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De La Rue Wins Queen’s Award

Banknotes, News, TechnologyBy SMI 17/12/2013

On December 5, 2013, His Royal Highness the Duke of Kent presented De La Rue (DLR) with the “Queen’s Award for Enterprise: Innovation” at its new state-of-the-art technology centre in Overton, Hampshire, UK. The award is the highest accolade for business success, and DLR has now received 12 such awards in total since the company…

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New Kazakhstan Commemorative Banknote

Banknotes, NewsBy SMI 16/12/2013

The National Bank of the Republic of Kazakhstan issued a press release on the 12 December 2013 confirming the issue of a new commemorative KZT 1,000 tenge banknote. The note, dedicated to the Second Turkic Kaganate general Kultegin, uses a paper substrate with yellow-brown being the prevalent colour. It has a 12mm holographic band/stripe which…

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New Swiss Banknotes to be issued from 2015

Banknotes, NewsBy SMI 13/12/2013

At a media news conference held on the 12 December in Berne, Switzerland, the Swiss National Bank (SNB) advised that the first of its new denomination series will not be issued until 2015 at the earliest. The release of the new banknotes has suffered a series of delays but the SNB states that due to…

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JP Morgan files for Bitcoin-style payment system

Cashless Payments, News, TechnologyBy SMI 12/12/2013

A US patent application has been filed by JPMorgan Chase for an online payment system, resembling the Bitcoin virtual currency. The application says that its new payment system will compete with credit and debit cards for online transactions, creating “virtual cash” that will sit in an online wallet. Similarly to Bitcoin’s “blockchain” technology, each transaction…

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Fortumo Brings Mobile Payments to Indonesia

Cashless Payments, NewsBy SMI 12/12/2013

On the 10th December Fortumo, a mobile payments provider, launched mobile operator billing in Indonesia. Founded in 2007, Fortumo is “the most developer-friendly mobile payments provider”, enabling developers to earn money from users who purchase their apps and games which are charged to the users’ mobile phone bill. Indonesia is the fourth largest country by…

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