Overstock subsidiary Medici Ventures is investing in VinX , which is making a blockchain solution that monitors the ingredients of wine on their journey between the vineyard and the glass, according to reports. The idea is to enable wine futures to be sold and traded on a secure platform, with the goal of preventing fraud by […]
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Consumers know what they want — and how they want to pay for it. They want to use the payment methods with which they’re accustomed. This puts pressure on small and medium-sized businesses (SMBs) to find ways to accept those methods in a mobile POS format or risk losing a sale. Businesses must also handle […]
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Electric scooter-sharing startup Bird is expanding its services with the launch of new custom electric scooters in coming weeks. In partnership with Okai, Bird designed and manufactured Bird Zero scooters, which have 60 percent more battery life — as well as better ride stability and durability — than the company’s original model. There’s also an […]
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InsurTech has a lot of room to innovate, from payout friction to risk analysis. The startup community has delivered a strong response to market gaps, and investors this week showed their interest in the B2B InsurTech market with three deals, including two rounds marking Eos Venture Partners’ first foray into the industry. Rounding out the […]
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Toyota Motor and SoftBank announced Thursday (October 4) they have formed a strategic partnership to enable the creation of new mobility services. In a press release, the companies said they plan to create a joint venture company to be called MONET Technologies Corp. before the end of the fiscal 2018 year. Toyota and Softbank said the objective of […]
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SkySparc is enhancing its data analytics solution designed for bank and corporate treasury and finance functions, according to a press release issued Thursday (Oct. 4). OmniFi, the data management and analytics solution developed by SkySparc, has been upgraded to heighten automated data exchange capabilities, with the solution able to move data regardless of its format, […]
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Welcome to The Axis, your late look at payments news from around the world. Coverage includes Global Payments’ tie-up with Alipay to serve Chinese tourists in the U.K. In addition, Grab and Fave are teaming up through a strategic partnership in Asia, and KKR and Tencent plan to invest in Voyager Innovations in the Philippines. Global Payments is […]
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The password if you want to pass by the gatekeepers? It’s your password. The real one, the one on your device. The news comes Wednesday that a new law has bowed in New Zealand. The law, which is part of the Customs and Excise Act of 2018 in that country, reported CNN, gives customs officials […]
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It may not be much of a surprise to see a store clerk accept payment via smartphone, but recently, mPOS solutions are seeing increased implementation, beyond their traditional use by brick-and-mortar businesses. The flexibility, portability and business management features have seemingly made mPOS solutions attractive to a variety of industries. As a result, mPOS solutions […]
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Even as consumers conduct commerce and pay with taps and swipes, the Federal Reserve’s infrastructure underpinning payments could use a bit of modernization in a bid to support fast payments “for all,” Federal Reserve Governor Lael Brainard said in remarks made Wednesday (Oct. 3). To that end, the Federal Reserve is seeking public comment on […]
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