Innovation

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Artist crafts 'hug-and-pay' technology

/Innovation

Artist crafts 'hug-and-pay' technology

Artist Heidi Hinder has developed wearable technology that allows its users to transmit money using physical gestures - hugs, high-fives, handshakes and even tap dancing.

What are banks doing right?

/Innovation

What are banks doing right?

Jeremy Light, managing director, Accenture Payment Services, Europe, Africa, Middle East and Latin America, talks about the growing importance of the digital channel, APIs , payment mechanisms and how banks are innovating in the right ways.

Yorkshire and HP launch cloud-based shared service alliance

/Innovation

Yorkshire and HP launch cloud-based shared service alliance

Yorkshire Building Society (YBS) has partnered with HP Enterprise Services to launch a cloud-based IT platform that will be used to provide other financial institutions with access to retail banking applications

Brits predict death of coins and cheque books

/Innovation

Brits predict death of coins and cheque books

Brits foresee the demise of cheque books and some coins in the near future as payments goes hi-tech thanks to mobile phones and biometrics.

Bitcoin Foundation meets US lawmakers

/Innovation

Bitcoin Foundation meets US lawmakers

Bitcoin Foundation representatives met with a host of US law enforcement agencies and regulators in Washington yesterday to discuss oversight of the digital currency.

Ticker-tape machine prints tweets, not stock prices

/Innovation

Ticker-tape machine prints tweets, not stock prices

A British Web developer has built his own steampunk ticker-tape machine which prints out tweets instead of stock prices.

Ping Bluetooth wallet beeps when cards disappear

/Innovation

Ping Bluetooth wallet beeps when cards disappear

A US start-up has taken to KickStarter to fund its Bluetooth smart wallet which links to the owner's phone and alerts them if their payment card is not returned.

Israel's Bank Leumi launches fintech innovation hub

/Innovation

Israel's Bank Leumi launches fintech innovation hub

Israel's Bank Leumi has teamed up with investment vehicle Elevator to launch a fintech innovation hub, providing backing to the country's financial technology start-ups.

NatWest taps Vine for customer service videos

/Innovation

NatWest taps Vine for customer service videos

NatWest has taken to Twitter's Vine app, creating a series of clips answering frequently asked questions and providing top tips on surviving student life.

Germany declares bitcoin 'private money' and subject to tax

/Innovation

Germany declares bitcoin 'private money' and subject to tax

The German government has declared bitcoin a "unit of account," making it a kind of "private money" that is subject to taxation.

Payments in 2022: Cash out, mobile in

/Innovation

Payments in 2022: Cash out, mobile in

Gazing into its crystal ball, the UK's Payments Council predicts that Brits will turn their backs on cash over the next 10 years as plastic cards continue their ascent and mobile money becomes a mainstream player.

Coinbase lets users text bitcoins

/Innovation

Coinbase lets users text bitcoins

Coinbase is bidding to bring bitcoin to the developing world with an SMS interface that lets users carry out basic actions through text messages.

Braintree launches mobile marketplace service

/Innovation

Braintree launches mobile marketplace service

US payments outfit Braintree has unveiled a mobile tool designed to help marketplace owners manage the relationship between buyers and sellers while cutting their regulatory burdens.

Square co-founder launches St. Louis fintech accelerator

/Innovation

Square co-founder launches St. Louis fintech accelerator

Square co-founder Jim McKelvey has launched a St. Louis-based financial services tech accelerator programme, promising $100,000 in funding to eight different fintech start-ups every year.

Virtual Piggy checks into Habbo Hotel

/Innovation

Virtual Piggy checks into Habbo Hotel

Virtual Piggy, a firm which helps kids safely manage their money online, has integrated with social game giant Habbo Hotel to enable players to buy virtual credits.

New York regulator opens investigation into virtual currencies

/Innovation

New York regulator opens investigation into virtual currencies

Having sent out subpoenas to 22 bitcoin-related firms, the New York State Department of Financial Services (DFS) has confirmed that it is pondering new rules for virtual currencies.

AmEx lets gamers earn League of Legends rewards for spending

/Innovation

AmEx lets gamers earn League of Legends rewards for spending

American Express is targeting the gamer community through a tie-up with the developer of League of Legends which will enable players to earn in-game virtual currency through real-world spending.

UK start-up CloudZync launches mobile wallet

/Innovation

UK start-up CloudZync launches mobile wallet

British m-commerce firm CloudZync has signed up 280 merchants for the launch of its mobile wallet, which will let customers pay for items straight from their phones, as well as integrate loyalty cards and access special offers.

Fidelity tests Google Glass markets app

/Innovation

Fidelity tests Google Glass markets app

US financial services giant Fidelity Investments has begun experimenting with Google Glass, developing an app that lets users keep an eye on the markets.

Mpos pops-up in Picadilly

/Innovation

Mpos pops-up in Picadilly

Mark Little, VP and managing director of Intuit UK, discusses Intuit's Mpos technology and its role in the future of high street retail.

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