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    International Business Times

    News about International Business Times.

    R3 develops KYC registry using blockchain

    November 14th, 2016

    Blockchain consortium R3 and 10 of its member banks have developed a proof-of-concept Know Your Customer (KYC) registry using distributed ledger technology to address the “challenges associated with satisfying regulatory requirements” and allowing identities to be managed by their owners. “The project simulated establishing the identity of both a legal entity and an individual using KYC data and identity attestations by third-parties,” International Business Times reports.

    MasterCard ready to “switch on” Apple Pay in Europe

    June 4th, 2015

    MasterCard is “absolutely ready” to switch on Apple Pay in the UK and Europe and is just waiting for the iPhone maker’s green light. “That’s one of the advantages of doing this on a global platform,” the payment network said during a press briefing covered by International Business Times. “It’s there, it’s switched on, we just have to connect the services at the back end. It takes a couple of days.”