Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
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Interview w/ James Varga, CEO of miiCard about verified ID, Bring Your Own ID (BYOID) and more buzzwords

Interview w/ James Varga, CEO of miiCard about verified ID, Bring Your Own ID (BYOID) and more buzzwords | Payments 2.0 | Scoop.it

[...] miiCard establishes identity to Level of Assurance 3+ (LOA3+) and meets Know Your Customer (KYC) and Anti-Money Laundering (AML) identity guidelines, enabling the sale of regulated products and services purely online [...] 

Therese Torris's insight:

What's behind the buzz? Not sure. J. Varga uses nice catch phrases such as "BYOID" and "bitcoin", but does not reveal its current number of users..

 

I guess it's very difficult to win acceptance among customers and merchants/banks. I'm not sure the buzz words and references likeTradehill help.

 

Is miiCard more than online two factor authentication? Check it out:

http://www.miicard.com/how-it-works ;

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Bitcoin exchange TradeHill boosts security with online identity verification through miiCard

Recently-reopened US bitcoin exchange Tradehill has moved to beef up its security through a partnership with online identity verification start-up miiCard.
Therese Torris's insight:

Direct link

http://www.miicard.com/

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B. Martin's curator insight, May 3, 2013 4:25 PM

This is a very interesting move for Tradehill and can definately help it buffer itself against regulators that would attempt to move against it.  It may not help against banks closing accounts on a whim however.  We shall see.