News, Posts & Articles

Sept 10, 2024: Clear Purchase Announcement

California Mobile Wallet for the Unbanked

We have submitted a proposal to Fiona Ma (California State Treasurer) who is chair of the CalAccount Blue Ribbon Commission.
Our proposal provides a complete solution, centered around the creation of a California Mobile Wallet for the Unbanked.
LinkedIn Post

July 18, 2024: Clear Purchase Announcement

CalAccount Blue Ribbon Commission Meeting

At this CalAccount Blue Ribbon Commission Meeting, we were invited by California Treasurer Fiona Ma to introduce our concept of a Mobile Wallet for the Unbanked to the board and attendees.
CalAccount Government Website

May 2, 2024: Clear Purchase Announcement

CalRecycle Electronic CRV Redemption Payments

We have officially started conversations with CalRecycle regarding the potential for a system that would allow for electronic customer CRV redemptions for all redemption methods.
CalRecycle Website

May 9, 2023: Clear Purchase Announcement

Clear Purchase Partnering with RSTVX InvestTech Network

We are pleased to announce we are partnering with RSTVX InvestTech Network, which is looking to build Local Investment Hubs Worldwide. Their first is ArawakX in The Bahamas, which is already operational. Clear Purchase would connect each of their Investment Hubs to local Mobile Money/Wallets, as well as to the international payment rails.

July 26, 2022: Press Release

ArawakX to Evaluate Clear Purchase Technology to Promote Financial Inclusion in the Caribbean

SAN JOSE, CALIFORNIA, July 26, 2022 – ArawakX, a securities exchange located in The Bahamas, announced its plans to evaluate new payment switch technology from Clear Purchase, a financial software technology firm in Silicon Valley.
Press Release

May 5, 2022: Clear Purchase Announcement

Letter of Intent: CloudPro as a Clear Purchase Certified Integrator

We are pleased to announce CloudPro, an IT cloud solution provider and system integrator for the finance and banking industries, announced its plans to become a Clear Purchase Certified Integrator.

Mar 28, 2022: Clear Purchase Announcement

Letter of Intent: ArawakX in The Bahamas

We are pleased to announce ArawakX, a Securities Exchange located in The Bahamas, has signed a Letter of Intent (LOI) to assess the potential of utilizing the secure interoperability technology of Clear Purchase.

Jan 10, 2022: Clear Purchase Announcement

PDF of Payment Infrastructure Glossary™ now available

PDF of the Payment Infrastructure Glossary™ is now available.
Request a copy for you and your organization from Nick Brown.
LinkedIn Post

Oct 5, 2021: Clear Purchase Announcement by Nick Brown

Payment Mega Trends: CBDCs

We have been working on a new Payment Mega Trends category in the Payment Infrastructure Glossary™
Included is a new section on Central Bank Digital Currencies (CBDCs).
Located on this website: Payment Infrastructure Glossary

Aug 25, 2021: Clear Purchase Announcement by Nick Brown

Launch of Payment Infrastructure Glossary™

We have just launched: Payment Infrastructure Glossary™, a Guide to the Payment Industry™
Located on this website: Payment Infrastructure Glossary

June 30, 2021: LinkedIn article by Nick Brown

Evil Tech? Apple going in the right direction, Google in the wrong

Apple has recently taken an excellent principled stance regarding Privacy.
Google Pay has just just done a complete U-turn on Payment Processing.
LinkedIn Article

May 3, 2021: LinkedIn post by Nick Brown

Digital World Trip FinTech Program - panel on May 13th

Nick Brown will be on the panel: "The Future of Finance: Predictions for a Post-COVID 19 World"
LinkedIn Post

Apr 22, 2021: LinkedIn article by Nick Brown

Big Tech is out of control!

Imagine how much power they will have when they control all payment processing, globally.
This is not a science fiction fantasy of some distant dystopian future -- this is a realistic possibility that could happen within the next 10 years.
LinkedIn Article

Sept 2020: LinkedIn post by Nick Brown

Introduction to the Payment “Rails”

Brief introduction, and diagram.
LinkedIn Post

Sept 2020: LinkedIn article by Nick Brown

Developed and Developing Countries under Imminent Threat from Global Mobile Wallets

LinkedIn Article

Aug 6, 2019: Mondato Article quoting Nick Brown

Mojaloop: Taking Stock

Mondato just published an article about the current status of Mojaloop. An interesting line of theirs: "the open source nature of Mojaloop sends shivers down the spine."
It seems others are starting to recognize the risks.
More

July 17, 2019: Next Billion Article by Nick Brown

Why Payment Fraud is a Critical Threat to Financial Inclusion – And How Mojaloop is Making it Worse

Next Billion just published an article written by Nick Brown, discussing the risk of payment fraud in open-source platforms like Mojaloop.
More

Sept 18, 2018: LinkedIn article by Nick Brown

Developing Country Guide to Payment Fraud
Part 4: The Weakest Link in the Transaction Chain

LinkedIn Article

Full series PDF: Developing Country Guide to Payment Fraud

Aug 23, 2018: LinkedIn article by Nick Brown

Developing Country Guide to Payment Fraud
Part 3: The Vulnerabilities of “Pull” Payment Methods

LinkedIn Article

Full series PDF: Developing Country Guide to Payment Fraud

Aug 9, 2018: LinkedIn article by Nick Brown

Developing Country Guide to Payment Fraud
Part 2: The Real Costs of Payment Fraud

LinkedIn Article

Full series PDF: Developing Country Guide to Payment Fraud

Aug 2, 2018: LinkedIn article by Nick Brown

Developing Country Guide to Payment Fraud
Part 1: Introduction to Payment Systems and Payment Fraud

LinkedIn Article

Full series PDF: Developing Country Guide to Payment Fraud

June 28, 2018: Clear Purchase Press Release

Clear Purchase explains Mojaloop decision

Clear Purchase, founded by payment infrastructure expert Nick Brown, answers several questions regarding their decision of June 7th to build their secure payment system for a cashless economy in developing countries without incorporating Mojaloop, developed by the Bill & Melinda Gates Foundation. The main deciding factor revolved around Mojaloop being open source, with data security concerns that could lead to widespread payment fraud.
Full Press Release

June 7, 2018: Clear Purchase Press Release

Clear Purchase rejects Mojaloop citing security concerns

Clear Purchase, founded by payment infrastructure expert Nick Brown, announced they have decided to build their secure payment system for a cashless economy in developing countries without incorporating Mojaloop, developed by the Bill & Melinda Gates Foundation, citing security concerns.
Full Press Release