E-money blog

Alibaba will use facial recognition technology instead of PINs

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Chinese e-commerce company Alibaba Group and affiliated online payment system Alipay aim to replace passwords with facial recognition technology. The new feature was introduced by Alibaba chairman Jack Ma during the Cebit trade fair in Hanover, Germany. To confirm the purchase in Alibaba’s e-commerce site, Ma scanned his face using the front camera on his smartphone. “Online payment to buy … Read the rest of this entry

eBay launches Sothby’s section on its website

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eBay has launched a new section on its website specifically for the famous in-real-life auction house Sotheby’s. It is expected that the collaboration will be advantageous for both companies. The section provides a much cleaner and more informative experience than you’d find elsewhere on the site and allows visitors to register for online access to live auctions. “We’re really engaging … Read the rest of this entry

Halifax Bank Tests Cardiac Rhythm Authentication Technology

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Halifax, a banking chain in the United Kingdom and a division of Bank of Scotland, in collaboration with Canadian firm Bionym is testing Nymi bracelet for logging on to online bank through cardiac rhythm identification.  The bracelet has a sensor which recognizes the wearer’s unique cardiac rhythm. And it is connected to mobile devices via Bluetooth. Thus, with this bracelet, Halifax customers … Read the rest of this entry

IBM to create a new cryptocurrency

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IBM planes to create new cryptocurrency based on bitcoin protocol. The company is trying to master advanced payment technologies and avoid competition with existing electronic payment systems, experts say. Unlike the bitcoin, new currency will not be anonymous and decentralized. IBM plans to create a central control mechanism: the company is holding talks this matter with different financial institutions, including … Read the rest of this entry

Heartland Payment Systems will look for referrals to BitPay

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Heartland Payment Systems, an US-based payment processor, has inked a referral deal with BitPay and will provide the company referring customers. Heartland will seek to identify businesses and organisations that may benefit from the bitcoin payment processor’s services, then referring them to the BitPay team for more information. “We currently have more than 50,000 merchants accepting bitcoin payments on our … Read the rest of this entry

Twitter launches ad-targeting feature ‘partner audiences’

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Twitter has released a new ad-targeting feature called ‘partner audiences’, that will help marketers target ads to certain consumer segments. The new tool was possible thanks to Twitter’s collaboration with Acxiom and Datalogix — the two dominant players in the big data industry, tracking and analyzing consumer behavior across brick and mortar and online businesses. ‘By using a partner to … Read the rest of this entry

Apple Watch will come to market on April 2015

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Apple has announced that Apple Watch will be launched to a market on April 24, 2015. The gadget will be available to customers in Australia, Canada, China, France, Germany, Hong Kong, Japan, the UK, and the US. The new Apple Watch will enable, among others, Apple Pay mobile payments. When consumers are in a store and getting ready to pay … Read the rest of this entry

China’s international payments system is coming soon

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China International Payment System (CIPS) will be launched as early as September or October. It is expected that, the long-awaited system would facilitate international usage of the yuan. “The CIPS is ready now and China has selected 20 banks to do the testing, among which 13 banks are Chinese banks and the rest are subsidiaries of foreign banks,” a senior … Read the rest of this entry

Visa will acquire TrialPay

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Visa has unveiled its plans to acquire TrialPay, an e-commerce platform that connects merchants with consumers via targeted promotions. As a payments technology partner to merchants globally, Visa will integrate TrialPay into its product portfolio as a way to help merchants acquire customers by reaching Visa cardholders with targeted offers. By integrating TrialPay’s technology with existing Visa network assets, merchants … Read the rest of this entry

What Would Happen If Fiat Money Would Be Invented In Our Times

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Antonis Polemitis has been a strategic consultant for companies in Europe, America and Asia and now he is the managing partner of Ledra Capital. He considers that Bitcoin is a proper replacement to a national currency. For him this digital money is an open financial platform that could hold a lot of data types in a secure and universal ledger. … Read the rest of this entry