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Since Bitwage (https://www.bitwage.com) started in 2014, there have always been conversations regarding “Closing The Loop” in the Bitcoin financial cycle. The financial loop works as such: Individual obtains Bitcoin, Individual pays merchant in Bitcoin for goods and services. Merchant pays employees with Bitcoin. When Bitwage first launched, we wanted to close this loop, by allowing workers to receive any
A vast majority of businesses will increase their investments in digital technology over the coming year, and many expect IT modernisation to fuel future transformation efforts that lead to cost savings and greater profitability. These are some of the findings from a new global survey conducted by The Economist Intelligence Unit (EIU) and commissioned by DXC Technology (NYSE: DXC), the world’s leading independent, end-to-end IT services company.
As part of the ongoing expansion of its banking and payments security and consultancy offering, FIME has confirmed the appointments of Arnaud Crouzet and Edouard Baroin.
NGA Human Resources, the global HR and payroll services company, has announced a partnership with Gospel Technology, who were recently recognised as Salesforce Ventures first global investment in blockchain technology.
Tieto has once again been entrusted with supplying user-friendly IT services to Region Skåne, one of Sweden’s largest county councils. The extension has been for two years with an option to extend for another six years. The contract is worth SEK 300 million.
Investec Click & Invest, the online investment service, today announces it has reduced its minimum investment amount to £2,500. The change, which is effective immediately, advances Click & Invest's mission to broaden its service to more investors.
A new white paper published by ground-breaking financial utility, Banking Circle, has identified the stealth effect outdated payments processes are having on the insurance sector. Featuring the findings of exclusive research amongst those responsible for treasury and payments in UK insurance companies, the white paper reveals that out-dated and manually intensive collection and reconciliation systems are seriously undermining customer experience and profitability targets.
Sberbank fingerprint payments technology is already available in 20 ABCs of Taste supermarkets, and the number is constantly growing.
Once Sberbank customers have registered their biometric data they can leave their wallets and phones at home.
At checkout, customers not only tie the fingerprints of two fingers to a bank card of an international payment system VISA or Mastercard, but also confirm the registration with a password.
ABN AMRO launched a pilot earlier this year in which 500 clients were asked to make payments using wearables. Of these clients, an impressive 78 per cent now prefer the wearables, and only 19 per cent prefer their debit cards. On average, clients make six payments a week for amounts under 25 euros. ABN AMRO is extending the pilot to test new functionalities with this pilot group.
