Innovation

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/Innovation

NY regulator sets out BitLicense plans

New York state's financial services regulator has set out the details of its planned 'Bitlicense' framework for firms dealing with virtual currencies.

/Innovation

Snapchat files payments-related trademarks

Photo sharing app Snapchat could be preparing a move into the payments arena, two recently filed trademarks suggest.

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Visa takes on PayPal with Checkout button for Web and mobile payments

In its latest attempt to crack online and mobile payments, Visa has unveiled a system which lets virtual shoppers complete purchases with a couple of clicks.

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Bitcoin vault outfit Elliptic raises $2m

Elliptic, a UK startup behind an insured bitcoin storage service, has raised $2 million in a seed funding round led by Octopus Investments.

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TMG builds pay-with-Dwolla Google Glass app

A payments processing firm has built an app that lets people pay at Dwolla merchants with a swipe of their Google Glass.

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French to boost bitcoin transparency; Finns to broadcast bitcoin data through TV network

The French government has moved to limit the anonymity of bitcoin users through rules that require 'distributors' of the virtual currency to verify the identity of account holders.

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Former PayPal founder Levchin wants to upend consumer finance

Former Paypal co-founder Max Levchin is looking to disrupt the payments market once again with the launch of a new service that lets online merchants advance credit to consumers at the point of sale.

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Sage Pay wins ZappHack with location-aware ticketing app

After 36 gruelling hours of coding, designing and testing, Sage Pay's three-person team has emerged victorious at the ZappHack Revive Retail hackathon in London this week.

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The end of verification? Visa Europe posits new age for payment security

Executives at Visa Europe are pondering an overhaul of card security standards as new technologies and consumer preferences for frictionless shopping create demands for a more flexible approach to protecting transactions.

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Branches on the precipice as Brits embrace digital banking

Mobile and internet banking is now being used for transactions worth nearly £1 billion a day in the UK, hastening the decline of the traditional bank branch, according to new data from the British Bankers Association.

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CaixaBank to roll out contactless wristbands

CaixaBank is to distribute 15,000 contactless wristbands to customers over the summer, staking a claim to being the largest wearable payments programme in Europe.

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Google 'pirate' Makoski joins Capital One

Google design whiz Dan Makoski is quitting the search giant's free-thinking Project Ara 'pirate' mobile development division to join Capital One as VP of design, with an initial focus on m-commerce and payments.

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Santander launches $100m fintech venture fund

Spanish banking giant Santander has launched a $100 million, London-based fintech venture capital fund as it bids to get in on the ground floor at startups leading the financial services digital revolution.

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Level39 gets Intel Inside

Intel has partnered with UK tech accelerator space Level39 to provide startups with access to its industry expertise, contacts, data sets and next-generation hardware.

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Fiserv partners Anthony Thomson on tech platform for new UK banks

Metro Bank and Atom Bank founder Anthony Thomson has teamed up with fintech vendor Fiserv to develop a technology platform designed to help the raft of new challengers bidding to enter the UK banking market.

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Moven raises $8m ahead of international push

US mobile-centric financial services provider Moven has raised $8 million in a series a funding round led by SBT Ventures.

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Deutsche Bourse launches 'Open Innovation' forum

Deutsche Bourse has launched an 'Open Innovation' forum with the aim of building a community to incubate, develop and accelerate new business ideas coming from outside the group

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SBI targets young customers with digital branches

State Bank of India (SBI) has opened six digital branches as part of a campaign to attract young customers who have grown up in the internet and mobile era.

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PayPal releases first Android Wear app

PayPal has released an app for the new Android Wear line of smartwatches.

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CME ventures into Mission Impossible territory with investment in Wickr

CME Group has participated in a $30 million funding round for self-destructing messaging app developer Wickr, as the startup bids to move into financial services.