31 October 2014

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Crowdfunding platform Seedrs has acquired California-based Junction Investments ahead of a US launch. Financial terms of the deal were not disclosed.

British digital banking startup Atom Bank is bidding to raise £20 million from private investors ahead of a planned launch next year, Sky News is reporting.

A significant proportion of North Americans - 40% - have used their smartphones to make payments at merchant locations, up from just 16% two years ago, according to an Accenture survey.

Rwanda has joined the Better Than Cash Alliance to help accelerate the adoption of electronic payments in the country as part of a commitment to achieve 80% financial inclusion by 2017.

MCX, the mobile payments joint venture set up by a coalition of some of the largest retailers in the US, has confirmed that members using the system will be contractually obliged to exclude alternative platforms provided by the likes of Apple and the telco-backed Softcard consortium. Meanwhile, the group has confirmed that pilot participant email addresses have been stolen by hackers.

Former Google Wallet boss Osama Bedier is bidding to take advantage of the "once in a lifetime" opportunity presented by America's move to EMV chip cards with a new take on the point-of-sale terminal.

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