Innovation

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/Innovation

Google buys minority stake in Lending Club

Google has become a minority stake-holder in Lending Club after leading a $125 million deal to buy a share in the peer-to-peer loan specialist from existing investors.

/Innovation

Dwolla secures new $16.5 million funding round

Payments start-up Dwolla has secured a $16.5 million funding round led by Andreesen Horowitz as it bids to develop a cheaper alternative to bank-owned payment networks and card schemes.

/Innovation

Dortmunder Volksbank introduces contactless mobile payments

German cooperative bank Dortmunder Volksbank is introducing a contactless mobile payments system that taps Telefónica's O2Wallet.

/Innovation

Chase and la Caixa top mobile banking study; HSBC bottom of the pile

Chase has topped Forrester Research's mobile banking rankings, with Spain's la Caixa proving Europe's top dog and HSBC trailing badly at the bottom of the table.

/Innovation

Nintendo to tap Wii U's NFC functionality for contactless payments

Nintendo could soon take advantage of the Wii U's built-in NFC capability to let people make game-related payments by tapping a contactless card against the console's controller.

/Innovation

Google search volumes can predict markets - study

Analysing how often key finance-related words are searched for using Google could help predict stock market moves, a new academic paper suggests.

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Summit Credit Union packs branch with theatre sets to inspire members

A US credit union has packed an "inspiration branch" with stage set-style replicas of aspirational locations designed to help members visualise their dreams and goals.

/Innovation

Bank customers warm to virtual channels for 'high touch' interactions

Customers around the world are becoming increasingly comfortable carrying out major "high touch" interactions with their banks through virtual channels, according to a survey from Cisco.

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Premier League club teams up with 2ergo on digital wallet

A Premier League football club has begun trialling a digital wallet from Manchester-based 2ergo that lets supporters download coupons to their handsets for use within the stadium.

/Innovation

Mobile emerges as key tool in fight for bank customers

More than half of people say they are prepared to ditch their bank and shop around for a new provider, according to a global study from Capgemini and Efma which suggests that the emerging mobile channel could prove a crucial battleground in the fight for customers.

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Lloyds victorious at Microsoft's Digital Wallet Foundry

A two-man team from Lloyds TSB has won top honours at Microsoft's week long Digital Wallet Foundry identity and loyalty hack-a-thon in London with a proof-of-concept application to ease customer verification at the check out.

/Innovation

PayPal integrates with Sherpa to take on Siri

Sherpa, a voice-activated Android competitor to Apple's Siri virtual assistant has launched in the US, with support for automated funds transfer between PayPal accounts.

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Startupbootcamp Amsterdam opens NFC and contactless programme

Backed by major banks and telcos, the Amsterdam arm of Startupbootcamp has launched an NFC and contactless offering, inviting young firms to pitch for a place on a three month programme with access to funding, workspace and specialist advice.

/Innovation

Amazon pitches anonymous mobile payment system

Amazon has filed a patent for the creation of an 'anonymous mobile payment' system, in which the Web retailer sits as a middle man between parties to a transaction.

/Innovation

Visa Europe unveils multi-currency mobile P2P payments service

Visa Europe has beefed up its mobile payments service with the addition of features which let customers send money from their phone to any Visa cardholder on the continent, in any currency.

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Seeing is believing: PrivatBank eyes Google Glasses

Ukraine's PrivatBank is set to launch a full suite of banking apps for hipsters donning Google's smart glasses.

/Innovation

China's Alipay pilots sound wave mobile payments

Travellers on Beijing's subway have begun trialling a system that uses sound waves to let them pay for goods at vending machines through their mobile phones.

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Twitter kills off Flattr payment service

For the second time in a week Twitter has stopped a payments service that uses its platform, killing off the Flattr favourite-to-tip micro-donation system.

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AIB opens branch to showcase digital services

Allied Irish Bank (AIB) has unveiled a high-tech concept branch in Dublin that will showcase the firm's digital services.

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LG integrates PayPal into Smart TV platform

Electronics giant LG has struck a deal to integrate PayPal into its Smart TV platform, enabling viewers to pay for products and services through their remotes.