#Online Bank Simple Ditches All Its Fees When the online banking service Simple first got started,
one of its promises to customers was that it would eliminate many of the excessive fees that traditional banks charge
while also offering an improved and mobile-optimized banking experience. However, while Simple certainly did away with a number of the most common banking fees like maintenance fees, overdraft fees,
or minimum balance fees, for example it still charged fees for other, lesser-used services. But now Simple is ditching all its fees,
Going forward, Simple says it will continue to generate revenue from interest and interchange fees that is,
it splits the interest margin with its partner banks and it splits the service fee merchants pay to the issuing bank.
This is the same way it always made money, to be clear, but now it eating the cost of even more fees in an effort to improve the overall customer experience. his revenue model is a manifestation of our belief that you should have access to your money
when you need it, without paying fees, explains Simple cofounder and CEO Josh Reich. oday elimination of all fees is one example of how wee constantly working to remove any inconvenience our customers feel from using a branchless service,
he adds. t also the right thing to do. You shouldn have to worry about how much it going to cost to access your money. o some extent,
Simple is able to do this because it no longer operating as a startup in need of funding to stay alive the company was acquired last year by financial services corporation BBVA for $117 million.
At the time Simple said it had over 100,000 customers. A later report revealed the number of active customers was leaked lower,
and has an in industry low CPA (for personal retail checking accounts) by a significant margin.
Wee also heard that Simple current growth rate is roughly on par with a bank that would have 5, 600 branch employees,
Simple may appeal to those who are fed up with their current bank and looking for a more affordable alternative.
they do miss out on some of the options bigger banks provide like high-yield checking and savings accounts, for example.
That means at some point, a portion of Simple customers may consider other online banking options perhaps opting for bank that does profit from overdraft fees in exchange for better interest rates, for example.
Like most banks, there are fees for using out-of-network ATMS and Simple won reimburse for those.
its customers have access to more than 55,000 fee-free ATMS twice the number of Chase and Bank of america combined
and save a lot of money in the long term. hile it sounds complex, the installation process is actually rather simple.
and it going to save a lot of money and make things much more efficient. g
#Business models For Cars Need To Evolve Beyond Ownership Annie Hsu is the strategy director at global design and strategy firm frog.
While the economic crisis of 2008 is certainly a backdrop to the decline, a trend toward moving back into cities where public transportation is often a preferable alternative to sitting on congested freeways is also a contributing factor.
, fuel, maintenance and parking expenses) are continued also a pain point for owners. Many car manufacturers are responding by concentrating efforts on improving the product itself,
."I got more diamond for less money, "says the former Southern University football player. who proposed last year at halftime during one of his alma mater's games at the Superdome in New orleans
and cost only one-third the price of conventional bullet proof vests, he said. He said silkworm cocoons were used
The discovery has led to a dramatic rise in funding for research based on CRISPR and a patent war between various scientific institutions.
A Chinese company has introduced also a robot banker, which can handle some routine chores, provide banking information and guide customers.
For instance, a journalist can explain intricate issues like the effect of an increase in inflation on the lives of people which the robot cannot.
and the northern West bank to inspect the flow of Palestinian cars and trucks s
#New antibody may fight HIV better Scientists have identified a novel antibody that could more effectively detect and neutralise HIV virus in an infected patient.
which within a few months grows from only few cells into an organ weighing approx. two pounds,
"We print them onto plastic in more or less the same way we print our plastic banknotes,
The only problem of course, has been in handing over the many thousands of dollars needed to purchase an automated robotic telescope that capable of providing clear images of the outer cosmos automatically.
and saves money by avoiding checked baggage fee, she says. Even better would be if one or two of these 3d printers stay behind to enable locals to create their own (medical) 3d printed solutions.
and to save money by avoiding baggage check in fees. I wanted this to be a plug-and-play system
gradually forming a market monopoly with higher prices. Zhang Ke estimated that 70%of a patient money goes to the imported part alone.
Both predict that 3d printing can reduce that price by a third or even half. Breaking the monopoly with 3d printing should also reduce other prices So how does this 3d printed innovation help them?
Well only the acetabular cup in the entire artificial hip is 3d printed, with the rest not being so very different.
The hip prosthesis is composed of four parts: a ceramic femoral head, a femoral stem, an acetabular cup,
However, as tests revealed, 3d printing does more than reduce prices. Just a few weeks ago, Cai Hong office replaced an existing Chinese-made artificial acetabular cup with a 3d printed one.
durable 3d printed plastic parts and assembles that are indistinguishable from injection molded-product parts in all aspects except for time and money:
and print those changes without investing thousands of dollars in molds or machining parts out of expensive materials.
or willing to make a big investment in it. It an entry-level device for the curious, that might just get them excited enough to eventually upgrade to more complex 3d printer models and software.
It requires financial backing though, and since the development of the Opthalmicdocs Fundus was essentially a social enterprise,
none of the profit-driven businesses in healthcare have opened their eyes to or shown any interest in backing it.
According to Sculpteo study, over 50%of professionals consider very practical aspects of the technology such as the price of supplies
the team was able to show the varying shapes from pre-to post-inflation with a Grasshopper plug-in. Once the printed material was cured
capable of extruding 100 pounds of material per hour with a 8x 20x 6build volume, even more massive than the original BAAM 7x 13x 3envelope.
without any of the waste that goes into mass manufacturing parts. e used over 20,000 pounds of material for this project,
Taking out wisdom teeth when you don't need to costs Australians millions of dollars say experts.
and saves money by leaving alone wisdom teeth that were never going to cause a problem in the first place."
usually drawing on their private health insurance. But Dr Rick Olive, president of the Australian Dental Association, argues the approach taken by the UK,
and their tendency to form relatively weak bonds that can be broken readily when no longer needed.
and bachelor's student Andrea Neuner from TUM's Munich School of engineering-took inspiration from a mechanism that allows nucleic acid molecules to bond through interactions weaker than base-pairing.
In nature, weak bonds can be formed when the RNA-based enzyme RNASE P"recognizes"so-called TRANSFER RNA;
#Groundbreaking Work with Two-Photon Microscopy Wins Brain Prize The 1 million euro Brain Prize has been awarded to four scientists three of them Cornell alumni for their groundbreaking work with two
Credit: Rohit Bhargava, University of Illinois Using a combination of advanced microscope imaging and computer analysis,
and form double bonds. In the silicon dodecahedron, in contrast, all atoms have a coordination number of four
and are connected through single bonds, so that the molecule is also related to dodecahedrane (C20h20).""In its day, dodecahedrane was viewed as the'Mount everest'of organic chemistry,
In fiscal year 2011/12 the company's approximately 24,000 employees generated revenue of nearly 4. 2 billion euros.
800 employees and generates revenue of 650 million euros. Source: http://www. zeiss. com/xr r
as well as specific sites where Nano-85 and the P domain formed bonds. According to Hansman,"this is,
In addition, the disposable portion of the device should cost less than a dollar to manufacture. Po-Hsun Huang, a graduate student in the Huang group and the first author on the recent paper describing the device in the Royal Society of Chemistry journal Lab on a Chip,
The big difference between Abraxane and the Duke approach is the types of molecular bonds that are formed.
and other technology writers and industry executives have predicted a multi-billion dollar market is coming.
We're doing it to show the investment community that EPGL is undervalued extremely in our opinion,"Hayes continued.
Today, EPGL is also announcing that it will begin to entertain offers from various investment bankers
and partners to help EPGL achieve the next level with the investment community, including higher market tiers."
what could become a very significant revenue space in the next several years; the'Augmented reality'or'Bionic Vision'revolution is said beginning
The UC Davis Research Investments in the Sciences and Engineering (RISE) program, the UC Lab Fees Research Program and the National Science Foundation provided the funding for this research.
RISE program promotes interdisciplinary research to find solutions for problems occurring in today world c
The UC Davis Research Investments in the Sciences and Engineering (RISE) program, the UC Lab Fees Research Program and the National Science Foundation provided the funding for this research.
RISE program promotes interdisciplinary research to find solutions for problems occurring in today world u
Using less insecticide could mean saving tens of thousands of dollars for small growers, a make-or-break figure for those who are struggling with stunted production and less or no profit due to the disease. uring the past 15 years,
an explosion in research in micro and nanotechnologies has led to the development of a variety of techniques that allows control of matter at microscopic levels never before seen,
The citrus industry in Florida has lost approximately 100,000 citrus acres and $3. 6 billion in revenues since 2007, according to researchers with UF/IFAS.
The goal of this research is to make it possible for those in impoverished areas to be able to get the testing they need at a manageable price point.
000 units, the researchers estimate that this price would fall to around $600 for each unit, with a per-test cost of a few cents.
These regulations are expected majorly to be introduced in emerging economies, such as China, India, Brazil and South East Asian countries in the coming years.
such as common E coli, to produce valuable chemical commodities in an environmentally friendly way. By leveraging their natural metabolic processes,
the biosensors can be used to trigger individual cells to give off visible fluorescence in a rate directly proportional to how well they are able to produce a desired chemical commodity.
which we would rely on biomanufacturing for the clean production of chemical and pharmaceutical commodities, "said Wyss Institute Founding Director Donald E. Ingber, M d.,Ph d,
saving money in servicing. Professor Rob Dwyer-Joyce, co-author of the paper and Director of the Leonardo Centre for Tribology at the University of Sheffield says:"
not only improve safety but also save a great deal of money, as early detection means inspections don have to be carried out as often.
Accountancy The study indicates employers in the accountancy or professional services sector continue to offer the highest proportion of graduate vacancies, at 23%.
while banking or financial services companies continued to occupy second place but at a slightly lower starting salary of £31,
the airfare tickets of a hypersonic trip could drop to about half the price of a business-class ticket.
according to research by Airbus and the Japan Aircraft Development Corporation. he estimated ticket price for Tokyo to Los angeles is the same as that of an existing first-class seat,
David cameron and President Xi Jingping are expected to sign a deal this afternoon agreeing to Chinese investment in a new nuclear power station in Somerset.
It will be largest inward investment ever in the UK. France's EDF and CGN, a Chinese nuclear consortium, are poised to agree to build the plant,
The UK government has been criticised for guaranteeing the price that will be paid for any electricity the new Hinkley Point reactor produces.
This is the so-called strike price. The government has maintained all along that it will not provide any public subsidies to the nuclear industry.
How does the price work in practice? In essence, the government has guaranteed EDF a price of £92. 50 per megawatt hour (Mwh),
or £89. 50 if EDF develops another new reactor in Sizewell, Suffolk. This simply reflects the fact that EDF's costs will be lower per reactor
If the market price of electricity falls below this level, the government has said in effect it will make sure EDF receives the difference between the two prices.
The wholesale price of electricity at the moment is about £45/Mwh. If the wholesale price remains at this level
then EDF will receive an additional £47. 50/Mwh. In practice, this money will not come from taxpayers (that would count as a subsidy),
but from consumers of electricity. The strike price works the other way as well-EDF has to refund the difference
if the price of electricity is above £92. 50/Mwh. For example, if the wholesale price is £110/Mwh,
then it has to refund £18. 50/Mwh. Again, this money goes back to bill payers, not to the government.
But why the need for any guaranteed price? Nuclear reactors cost a lot of money, and EDF wants to build two of them.
The final bill for just Hinkley is estimated at £24. 5bn. Even for a massive company like EDF, this is a huge investment,
which makes it inherently risky. For example, if the price of electricity falls, or becomes more volatile,
the company could lose a lot of money. And because the plant would take 10 years to build,
there is simply too much uncertainty to commit to such a huge investment without such comfort, investors would argue.
For this reason, EDF needs an added incentive to build the reactors. Knowing it will receive a guaranteed price for the electricity generated at Hinkley provides some kind of certainty that the investment will be worthwhile-in other words, profitable.
For its part, the government has been unable to play different energy companies off against each other, as German power giants RWE and E on decided long ago against building new plants in the UK.
It has, therefore, been forced to negotiate with EDF. But this doesn't mean EDF holds all the cards-the company is desperate to get Hinkley Point C started so it can serve as a blueprint for similar power stations across the world.
So what does it mean for bills? Until we know the price of electricity on the open market
when Hinkley Point C starts generating power, we simply won't know if it is a good or bad deal.
If the electricity price is below the strike price, then bills will probably be higher than they would otherwise be.
Conversely, if it is above the strike price, then bills would be lower. It will also depend on the energy mix at the time.
In other words, how much of your electricity is generated by nuclear power. At the moment, almost 20%of the UK's power is generated by nuclear reactors
said banking details and personal information could have been accessed. A criminal investigation was launched on Thursday. The company said it did not know how much of their customer information had been encrypted.
Dido Harding said any credit card details taken would have been partial and the information may not have been enough to withdraw money"on its own".
"Card details accessed were incomplete-with many numbers appearing as an x-and"not usable"for financial transactions,
They could find themselves coughing up lots of money in fees simply to give their users the same experience as before.
since it costs internet service providers a lot of money to keep providing such content, no matter how popular the streaming sites become.
and investors because they were concerned deeply about the impact of the European parliament's network neutrality proposals on start-up innovation in Europe,"Stanford professor Barbara van Schewick,
In one of the most pointed exchanges in the entire session, Mr Modi said he hoped Mr Zuckerberg's motivations weren't purely about Facebook's bank balance.
The effects of high drug prices and bad press are said nsustainable he and as recent coverage shows
The effects of high drug prices and bad press are said nsustainable he and as recent coverage shows,
along with kinetic modeling to quantify the CSF-ISF exchange rates in the rodents. he analysis showed us consistently that glymphatic transport was most efficient in the lateral position
After securing seed funding from Draper Laboratory, the National institutes of health, and SMART, Kamm brought the idea for the device to Innovation Teams (i-Teams),
the Swedish Research Council, the Strategic Research Program for Diabetes funding at Karolinska Institutet, Stockholm County, the Jane & Aatos Erkko Foundation, the Instrumentarium Science Foundation,
This study was funded by Cancer Research UK with additional funding from the charity Bloodwise which recently changed its name from Leukaemia & Lymphoma Research a
more than 130 UC investigators have conducted 350 research projects in the AD field, receiving roughly $339 million in funding support for both basic research and clinical trials.
which Medicare and many insurers cover. Others besides Oncotype DX also are on the market,
to compete on price and accuracy.""The future is bright"for gene tests to more precisely guide treatment,
what the Brown University authors say is relative ease and low expense. The little balls of brain aren performing any cogitation,
but since GSK have come on board they have reduced the price and that means we can now go ahead this year with rolling out the meningitis B vaccine,
About Genentech in Lung cancer Lung cancer is a major area of focus and investment for Genentech, and we are committed to developing new approaches,
while to secure proof of principle funding in 2008 to look at biomarkers in urine, but it's been worth the wait for these results.
and I know they will be extremely proud that they have contributed directly to research progress in ways that go beyond traditional financial support
He noted that"round globules filled with water"floated on the seawater and formed when the freshwater detached sand from the sand banks."
The goal of this research is to make it possible for those in impoverished areas to be able to get the testing they need at a manageable price point."
the researchers estimate that this price would fall to around $600 for each unit, with a per-test cost of a few cents.
#European union Lags Well Behind the U s. in Innovation There are many different explanations for the euro crisis:
poor fiscal management, loose banking regulation, etcut one major contributor to Europe problems that continues to hold back economies today is a lack of innovation, reported Simon Nixon of The Wall street journal. The European commission own
But a 2011 survey estimated that European farmersfailure to adopt G. M. crops had resulted in lost revenue of between 500 million and one billion euros per year.
a record label is reporting higher revenues from music streaming than paid downloads. Warner Music group has announced that its streaming revenues have passed those from digital downloads.
CEO Stephen Cooper said"the rate of this growth has made it abundantly clear that in years to come,
Elite Russian hackers had breached the stock exchange and inserted a digital bomb, "Michael Riley of Bloomberg Business reported in 2014.
finances, or legal standing. When it comes to finding security holes in a company's information system,
Fans remain largely confused as to why Tidal even exists it offers streaming music at twice the price of Google, Apple, and Spotify.
demographic that was more willing to pay a higher price for better-quality music. The new music-streaming service was a hit,
The actual database of music and pricing was unchanged. Tidalsince Jörgen Adolfsson was replaced as the first CEO in 2000,
"the Board is considering various funding alternatives.""The story of Aspiro becomes really surreal on January 30, 2015.
"It was offering the equivalent of $56 million (£36 million) for the company, an offer that Aspiro's majority shareholder, Norwegian media company Schibsted, immediately accepted.
See, Aspiro was listed publicly on the Swedish stock exchange, and the deal required all of Aspiro's other shareholders had to accept the offer too.
Aspiro had known about Jay z's acquisition attempt since December 3 so its majority shareholder was ready.
But other investors had to decide whether Jay z would be the right fit for Aspiro.
Getty Images Entertainmentjay Z, born Shawn Carter in Brooklyn, New york, in 1969, started his rap career in 1994
But as well as music, Jay z has built also a career as an entrepreneur and investor. He cofounded the Rocawear clothing line, co-owns the 40/40 line of bars and clubs,
A group of minority shareholders in Aspiro grouped together to try and block the deal.
Investors who together owned just over 10%of the company issued a statement saying that they would not authorise an acquisition by Jay z:"
"But Fredrik Bjørland, chairman of Aspiro's committee for the Project Panther bid, hit back at the minority shareholders,
and the current majority shareholder has indicated it is not willing to support this capital need.
Eventually the minority shareholders gave in.""We have together with the major shareholders decided that it is best to accept the bid,
"they said in an emailed statement. That left the path clear for Jay z to move forward
Jay z hosted a secret meeting of future Tidal investors, artist managers, and record labels in Los angeles in February.
In it, the multimillionaire musicians who had become Tidal investors demanded changes to the music industry that essentially gave them more power and control."
reminding him that it costs money. And the controversy over Tidal's New york press conference didn't stop there.
New york, and Los angeles. Roc Nation executive Schlogel became Tidal's chief investment officer, and told Business Insider that Jay z worked"every day"on Tidal.
they ain say s---Jay z suggested that Google offered him money to partner with its own streaming service,
(and the diminished revenue he receives from it). And in case you weren't at the B-Sides shows and missed Jay z's angry freestyle,
He also signed up as an investor in Tidal alongside the artists who appeared at the New york press conference.
Tidal was promptly hit with a $50 million (£32 million) lawsuit from Cash Money Records, Lil Wayne's record label.
because he claims that it's withholding money from him. Another potential savior for Tidal is Prince.
it takes a small percentage of the profit, and it's committed to connecting vendors with enthusiastic buyers.
Massdrop just closed its Series B round of investment this month; it will be using the $40 million it raised to further these goals.
#The Apple Pay effect is real n-store mobile payments volume will top $800 billion in 2019 Mobile payments the use of phones to complete transactions in stores instead of cash
In an in depth report on mobile payments from BI Intelligence, we explain how a few US retailers account for the vast majority of over $4. 7 trillion in aggregate payment volume.
Many of these retailers have adopted already the technology necessary to accept mobile payments from Apple Pay and similar apps
It only takes a handful of these large retailers to drive an explosion in mobile payment volume
Explosive mobile payments growth: We forecast US mobile payment volume to grow at a five-year compound annual growth rate of 172%.
%Volume will rise to $818 billion by 2019, or just under 15%of total US payment volume.
Apple Pay is showing early signs of success: Payments made through Apple Pay accounted for between 0. 1%-1. 6%of transactions at five top retailers in the month following the launch of the feature.
Considering that the feature can only be used on the new iphones we think that's indicative of exceptional momentum.
Even with mediocre results, that adds up to a lot of payment volume in aggregate. Android mobile wallets are benefiting from Apple Pay:
Multiple sources confirm that Google Wallet saw a jump in payment volume following the launch of Apple Pay.
Forecasts US mobile payment volume from 2014-2019 and provides an in depth explanation of the assumptions and data behind the forecast.
and why the fledgling mobile payments feature is sure to be a success. Provides a quarterly update on the mobile payments industry including analysis of Softcard, Google Wallet, Currentc, Paypal, and Looppay.
"Former finance and home minister P. Chidambaram welcomed the court's ruling, although his son had filed a police complaint in 2012 against a businessman for allegedly disparaging him in Twitter messages."
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