#Automatic Launches Its SDK, Turning The Car Into An App Platform Automatic, a startup whose sensor-and-software combo has been described as itbit for your car,
is today rolling out a software development kit and new hardware that turn your car into a platform for apps.
Bitcoin rise showed us how much demand there is for a globally accepted digital currency. However, all the things holding bitcoin backerchant acceptance, instant transactions (bitcoin takes about an hour),
This past March, Facebook rolled out free peer-to-peer payments and set the company down a path to becoming one of the world most powerful financial institutions.
In a recent report, The World bank concluded: orcing migrant workers to pay as much as $50 to send $200 is wrong,
While the company does incur charges from banks on the back end, Facebook says it will not pass these on to the consumer.
if Facebook will charge users a nominal fee on cross-border transfers and currency conversions,
ee not trying to make a profit out of payments. acebook is already well on its way to becoming a global financial institution.
Last summer, Financial times discovered that Facebook is close to receiving approval from the Central bank of Ireland to become an electronic money institution throughout Europe.
Long term, Facebook payments has the power to completely destroy Western union and Money Gram (good riddance) and massively benefit millions of people in the developing world with billions of dollars more freely flowing into those countries.
Facebook is in a position to control the lion share of remittances sent globally by offering below market-rate transfers and the best experience on mobile.
that possibility pales in comparison to the larger opportunity for Facebook offering a way for people who don use banks now to do e-commerce.
there are 2. 5 billion people globally who do not use formal banks or finance institutions.
The idea that we still need physical banks, plastic cards, and paper money fades away. It already starting to occur.
The effect that Facebook could have on the world as an electronic financial institution is nothing short of profound.
but has subsisted instead on dollars won from startup competitions, which currently amounts to around $500, 000.
which will release a new card reader designed to allow small businesses to take Apple Pay payments as well as credit card chip payments,
dip the chip on their credit card, or ask to swipe with the old dongle. e
Since millennials don use credit cards, cash, or even beads and shells, the only way to get them to pay for anything is through their smartphone.
two fintech gurus who worked at Navigant Consultin and Goldman sachs respectively. Oyeniyi has a Masters in Computer science and Elodimuor one in Economics.
and doctors get to put something in the palm of their hand that used to be a 40 pound machine,
To its credit, Lexus has the best-looking Hoverboard Ie seen, provided it does actually work, with nice bamboo surfaces and even a Lexus grille.
your credit card is charged and the item gets shipped to you. For example, you might find a $100 backpack on Compelation.
Unlike a some random retailer, Uber credits are sure to be useful to me, so I happily bid $20 for a $25 gift card
You calibrate your screen by measuring a credit card and sync your phone as a remote control for your computer over Wi-fi and an SMS confirmation.
Starbucks already allows for this across thousands of its stores in the U s. Meanwhile, Burger king and Firehouse Subs announced integrations with Mastercard Masterpass digital payment solution just this week,
Paydiant had built a number of other large business clients like Harris Teeter, Capital one, and yes Subway.
If you move a few thousand dollars here and there you can get much more marketing efficiency in terms of ROI.
while working for a financial services client his company discovered that men who had been looking at boats in April
or were acquired for pennies on the dollar. Investors lost more than $1 billion. The resulting backlash has made it difficult for any solar companies, regardless of their merits,
and got another half billion from the U s. government in the form of a loan to build a large factory to prove its technology.
#A Credit card Terminal That Takes Apps Last year Osama Bedier then the head of Google Wallet decided he was on the wrong side of the payments business.
Meanwhile the U s s major credit-card companies are mandating a shift to more secure credit cards that eschew the familiar magnetic strip for a chip that uses a unique string of numbers for each transaction (a standard known as EMV
which stands for Europay Mastercard and Visa for the card companies that first backed the technology.
The apex of the device houses a slot for dipping a credit card and there s a built-in receipt printer that will spit out paper from an opening below the customer touch screen.
The Poynt terminal weighs a little over a pound and contains a wireless modem and eight-hour rechargeable battery
This contributed to an 0. 5 percent increase in the amount of energy used per dollar of GDP,
or the amount of carbon dioxide emitted per million dollars of GDP, rise by 0. 2 percent,
But the technology also offers a cheap way to pick up just about anythingabric, bags of chips, 50-pound boxes of paper, single pieces of paper, mobile phones.
digital technologies inevitably mean you can generate billions of dollars from a low employment base. here used to be a ladder to get into the middle class,
and a multimillion-dollar media center complete with rows of new imacs and state-of-the-art video equipment.
Instead, they ran into countless technical glitches, resistance from merchants, banks, and phone carriers, and consumer indifference.
Behind the scenes, a payment processor such as Visa recognizes an encrypted version of your credit card such as the one in an itunes account,
or other steps that can take much longer than swiping a credit card. Apple ability to create elegant
In a bid to force adoption of more secure credit cards that use a chip and a PIN number instead of a magnetic strip for payment authentication,
and others have alerted consumers that credit and debit cards aren very secure. Such lapses expose them to identity theft
and the annoyance of being forced to change credit-card numbers on file with dozens of merchants.
Although credit cards are used in Apple Pay it more secure because card numbers aren stored directly on the phone or on Apple servers.
which provides mobile wallet services to banks, retailers, and mobile operators. Improved security is even more important to banks
and retailers than it is to consumers, who have limited liability for fraudulent charges on stolen cards.
Apple Pay has signed already up the three big payment networksisa, Mastercard, and American Expresss well as banks handling 83 percent of credit card transactions in the U s,
. including Bank of america, Capital one, Chase, and Citibank. Better security seems to have made up for any reservations that banks may have about Apple role as a powerful new middleman on transactions
or the small cut of transaction revenues theyl be paying the company. Another potential bonus:
Apple Pay could help the card networks capture transactions currently completed with cash. For all that, Apple impact will be small at first.
Moreover, some merchants and banks don want to cede relationships with customers and data about them to Apple, says Richard Crone, CEO of the payments advisory firm Crone Consulting.
A new device could reduce that waste cutting fuel consumption and carbon emissions by as much as 3 percent and saving companies millions of dollars.
Alnylam sees the potential for billions of dollars in revenue from liver-related diseases. Yet most diseases involve other tissues in the body.
#Datacoup Wants To buy Your Credit card and Facebook Data Datacoup one of the first companies to offer people money in exchange for their personal data has closed finished a trial of its service
Datacoup will pay up to $10 for access to your social network accounts credit card transaction records and other personal information and will gleaned sell insights from that data to companies looking for information on consumer behavior.
and financial institutions says Matt Hogan CEO of the startup. Whether an individual user gets the full $10 a month
Options include debit card and credit card transactions and data from Facebook Twitter and Linkedin. Datacoup won t provide raw data to companies.
For example a company might ask Datacoup to provide information on how often women in a certain age group mention coffee on Facebook on the same day they use their credit card in a coffee shop.
#Fingerprinting Infants Helps Track Vaccinations in Developing Countries Billions of dollars a year are spent vaccinating children in developing countries
what SAP s experts describe as a new currency based on knowledge not on geographical proximity.
The information it collects can help companies decide where to spend advertising dollars. Advertisers want better targeting
All of that behavior can be analyzed to help Ford figure out where to best spend its advertising dollars.
and IBM to invest in technologies from data-capturing smartphone apps to billion-dollar analytical systems.
The stock market chose the same moment to pound cloud-software companies giving rise to reports that Box would postpone its public offering.
for example, may be mining Bitcoins worth tens of thousands of dollars a day for a Russian cybercrime gang.
Mining personal data is a billion-dollar business (see he Data Made Me Do it designed to elicit purchases, garner eyeballs,
and could therefore save trucking companies millions of dollars in fuel every year. The trucks were fitted with technology developed by a startup called Peloton Tech (elotonis The french word for platoon.
costing thousands of dollars. The cheaper haptic stylus is a descendant of a product called Phantom originally invented by an MIT startup called Sensable,
000 when many conventional robots cost several hundred thousand dollars. Another robot maker, the Danish company Universal Robots, offers small, more conventional-looking robot arms that are similarly cheap ($31, 000 each), simple,
a former Israeli intelligence officer now working in IT SECURITY for the Bank hapoalim Group, in Tel aviv. In this new context, nobody can say where the responsibilities of a company may end
Should a commercial bank be expected to expend resources to defend itself when its attacker is a country?
Chinese researchers have developed successfully the first automated teller machine (ATM) with facial recognition technology to reduce the risk of theft,
but the new machine, which combines high-speed banknote handling, improved counterfeit-bill recognition and facial recognition, was wholly Chinese.
Cash machines using fingerprint authentication have sprung up in countries like Chile and Colombia though these biometric ATMS have not found favour with some countries like the United states because of privacy concerns and its high cost.
The new ATMS are expected to connect with the country's banks and public security networks, which allows only guarantees that only cardholders to withdraw money,
Chinese researchers have developed successfully the first automated teller machine (ATM) with facial recognition technology to reduce the risk of theft,
but the new machine, which combines high-speed banknote handling, improved counterfeit-bill recognition and facial recognition, was wholly Chinese.
Cash machines using fingerprint authentication have sprung up in countries like Chile and Colombia though these biometric ATMS have not found favour with some countries like the United states because of privacy concerns and its high cost.
The new ATMS are expected to connect with the country's banks and public security networks, which allows only guarantees that only cardholders to withdraw money,
At the moment, a high-tech foot model costs between 10,000 euros ($11, 240) and 30,000 euros. Egger believes his latest project could vastly improve quality of life for amputees,
At the moment, a high-tech foot model costs between 10,000 euros ($11, 240) and 30,000 euros. Egger believes his latest project could vastly improve quality of life for amputees,
''We think that we will need 25,000 euros to make it, 'explains Julie Dautel, a designer who is currently studying at the Sciencespo Paris research university.
Zephyr has received already around ten thousand euros from the various prizes that it has won and a fundraising campaign is planned to run from September 2015 to January 2016.
More investment (one million euros) will be required at this later stage. In the long term, the aim is to sell an entire range of balloons adapted to generate energy in different kinds of situations,
''We think that we will need 25,000 euros to make it, 'explains Julie Dautel, a designer who is currently studying at the Sciencespo Paris research university.
Zephyr has received already around ten thousand euros from the various prizes that it has won and a fundraising campaign is planned to run from September 2015 to January 2016.
More investment (one million euros) will be required at this later stage. In the long term, the aim is to sell an entire range of balloons adapted to generate energy in different kinds of situations,
says Matt. any families who already struggle with financial burdens due to health-related issues end up spending thousands of dollars on assistive communication tools.
and can costs upwards of tens of thousands of dollars. Just like many of the 3d printed prosthetic devices wee seen,
When considering the high cost of traditionally manufactured prosthetics-which can range anywhere in the tens of thousands of dollars for each prosthetic-alone paired with a growing body
and is capable of accelerating from 0-60 in two seconds while weighing approximately 1, 388 pounds."
and weigh less than three pounds each. Lightsail consists of three Cubesats bundled together. Individual Cubesat research projects may address science, exploration, technology development or education.
credit cards, smartphones, RFID tags), and connected electronics (smart homes and smart buildings, electronic shelf labels, wireless sensor networks).
and the BMW Mini's OEM catalyst certified to the EURO 5 standard. Initial tests demonstrated BMARS has the potential to significantly reduce the PGM loading on the catalyst
which makes them very hard to counterfeit-this property could be used to prevent counterfeiting of currency, credit cards,
but easy to detect-makes the nano-spirals an ideal way of securing credit cards, currency, ID cards,
Some vertical markets of interest include Retail, Healthcare, Transportation, Insurance, Financial services and Telecommunications. Some technology areas of interest include:
Each survey can cost tens of millions of dollars, and as a result they are conducted only two to three times a year.
and with network operators paying billions of pounds to access the spectrum, solving this problem would bring us one step closer to the faster, cheaper and greener devices of our connected future.
After four years of development and millions of dollars from the Gordon and Betty Moore Foundation, the National Science Foundation and the Monterey Bay Aquarium Research Institute, the instrument is now operational.
and was granted half a million dollars for development and validation of prototypes.""As the park has great business structuring
The project also developed a prototype transceiver to generate FBMC (Filter Bank Multicarrier transmission) waveforms.
#Ultrafast Line Scan Sensor from Fraunhofer Identifies Faulty Safety Features in Banknotes In the first half 2014 alone,
nearly 25,000 counterfeit euro notes worth EUR 1. 5 million were registered, according to information by the Deutsche bundesbank.
banknotes are equipped with special security features. These include tiny structures that are not visible to the naked eye, such as holograms with a tilt effect.
Through the use of special cameras, quality checks during printing are intended to ensure that these features are free of errors on each banknote.
and identifies banknotes with faulty safety features. In order to achieve the high speed, the IMS researchers have integrated an individual readout chain on the chip for each pixel column.
Credit: Johns hopkins university) e needed this personal pill afeto have tamper resistance, personal identification capabilities, and a locking mechanism that allows only a pharmacist to load the device with pills,
Weighing in at 2. 57 pounds and standing 9. 25 inches tall, the electronic prototype is equipped with a fingerprint sensor
and a half million Euro funding by the European union, 900,000 of wich awarded to FBK,
just as their debts are said soaring, "she.""Many graduates are now finding themselves doing lower-skilled, lower-paid jobs."
The multi-billion-dollar Oneweb constellation will dwarf any previous commercial network in the sky by a factor of 10.
and Oneweb was reportedly looking for a price per unit of less than half a million dollars.
Oneweb will have to raise hundreds of millions of dollars to maintain a venture that will not be fully operational for some years o
"I'm unable to put the numbers in for my card when paying in a shop or at the bank,
and save thousands of dollars per transplant, a UCLA study has found. Working with Onelegacy, the nonprofit organ and tissue recovery organization serving the greater Los angeles area, UCLA researchers measured liver function in 53 potential organ donors in a blind study
That team costs thousands of dollars per procedure, Zarrinpar said, and about 10 to 15 percent of the time the organ is deemed unusable.
"The PTM hotspots are projected onto 3d protein structures available in the Protein Data Bank (PDB),
who said she already used her iphone"constantly"for things like banking and email.""I figured that participating would help my family and friends,
Ha said a real problem that will hinder papaya farmers in their recovery is most don have credit.
A thousand trees producing 100 to 200 pounds of bean a season at $2 a pound is a lot of money
and automatically discover unmarked vans parked outside of banks for four hours without moving. Baidu is interested in other aspects, too."
#Soon, a Mastercard phone app to verify online payments via selfies Mastercard is experimenting with a smartphone app
Users will have to download the Mastercard phone app and at checkout they will be asked to hold up their phone to stare
"said Ajay Bhalla, security expert at the American financial services company Mastercard. Currently, users can set up something called"Securecode,
Mastercard is launching a small pilot programme involving 500 people that uses fingerprints -but also facial scans to verify online transactions,'CNN Money'reported.
Mastercard said it has partnered with every smartphone maker to make this method of verification possible.
Mastercard said a pop-up will ask for authorisation after people buy something. They can choose fingerprint or facial recognition.
Mastercard's security researchers believe blinking is the best way to prevent a thief from just holding up a picture of a person
Mastercard said it does not actually get a picture of the user's finger or face.
and 0s and transmit that over the Internet to Mastercard. Bhalla said Mastercard is also experimenting with voice recognition,
so people may be able to simply approve an online transaction by speaking to their phone.
Mastercard is also working with a Canadian firm Nymi, to develop technology that will approve transactions by recognising a person's unique heartbeat t
print shop frequented by lawyers, banks, and real estate firms. Their speciality was in helping lawyers with what legal types call"discovery,
Logik. com found itself tapped for cases ranging from the sub-prime mortgage crisis to white-collar crime.
The company provides a layer of so-called biometric security that lets banks tell who you are just from the way you type,
or pressing a phone screen harder the company will let the bank know it thinks someone else is trying to get into your bank account.
such as mobile bank transfers. CEO Neil Costigan told Business Insider:""You're quite consistent in reflex stuff.
"Behaviosec's tech plugs directly into banks apps and websites, so even if you've never downloaded it you may have used it.
Costigan says it's"very similar to a credit card. You're off at your local Tesco
Behaviosec is used now by"pretty much all"the banks in the Nordics, according to Costigan, with millions of customers using it.
It has signed also a deal with A high Street bank""although Costigan won't say who. While it is focusing on the finance sector for now,
#Deutsche bank: the China meltdown now looks a lot like the dotcom bubble China's stock markets look like they could be heading for free fall again,
But Deutsche bank says a better analogy for China's meltdown is the bursting of the dotcom bubble in 2000.
Deutsche bank says the rise is closer to the surge of the NASDAQ in the late'90s.
The surge was down to huge numbers of ordinary Chinese people putting money into shares 66 million new retail investment accounts have been opened so far this year, according to Deutsche bank.
"Deutsche bank say around 10%of the value of Chinese stocks are held by leveraged investors. REUTERS/China Dailyif the stock is a dog it will eventually come back down to earth.
Deutsche bank's Jim Reid says separately on Tuesday that the return of nosediving stocks on Monday looks"pretty random"the mechanics of the market are screwed
A quality microscope can cost hundreds of dollars, plus even more to keep it maintained. For labs in developing countries, these costs often lie outside their meager budgets.
Eventually, implantable devices could even be tied to your bank account so that you can make transactions, Graafstra said.
"From April 30, a maximum roaming surcharge of 5 euro cents per minute will be allowed for calls, 2 euro cents for text messages and 5 euro cents per megabyte for data.
and hundreds of millions of dollars are at stake. Growing number of Canadians cutting traditional television, CBC research shows A new report predicts that cord cutting is poised to gain momentum,
who said she already used her iphone"constantly"for things like banking and email.""I figured that participating would help my family and friends,
#India's Largest Bank Commits $12. 5 Billion For Renewable energy Funding Private sector project developers in India rapidly growing renewable energy would be happy to have the backing of the country largest bank
The State bank of india (SBI) has committed to provide $12. 5 billion in debt funding to renewable energy projects over the next few years.
The bank hopes to provide debt financing to 15 GW of renewable energy projects most of which are likely to be based on wind and solar energy.
Indian banks are known to question the financial viability of projects secured at seemingly low tariffs. Solar power projects have received especially unfavourable response from the Indian banks as solar photovoltaic power tariffs have been falling
while wind energy tariffs have risen slowly but steadily over the last few years. The lending rates in India are also significantly higher than other countries.
SBI and other national banks usually provide debt at interest rates as high as 11%to 12%.
%Compared to this, development banks like Kfw and US Export-Import Bank and multilateral banks like Asian Development bank and the International finance corporation provide funding at rates as low as 4%.Over the last few years some private banks in India have signed deals with development banks to provide loans
at concessional rates. The Indian Renewable energy Development Agency (IREDA) is expected also to provide loans at low rates following its recent agreements with the European Investment bank, Japan International Cooperation Agency,
and the US Export-Import Bank. The renewable energy sector in India has faced collateral damage for years due to the poor financial health of the power sector as a whole.
Several power sector companies are reeling under millions of dollars of losses, and banks have exhausted their lending limits to the power sector.
Unfortunately, renewable energy is considered a sub-sector to the power sector for lending purposes in the Indian banking regime.
As a result, the Indian banks are unable to disburse any fresh funds to renewable energy projects.
This announcement by the country largest bank and the recent funding agreement worth $4 billion with the US is expected to boost the growth of the Indian renewable energy sector r
#Imergy Power systems Introduces Grid-Scale ESP250 Series Flow batteries A new ESP250 series of vanadium flow batteries has been introduced by advanced storage systems leader Imergy Power systems.
Its output capacity is 250 kilowatts (kw), with 1 megawatt-hour (MW) of energy storage capacity.
Multiple batteries can be linked together to create one energy storage platform. When they are linked together, this platform can provide megawatts of power and megawatt-hours of energy.
and with a curb weight of some 5, 545 pounds, acceleration isn likely to match that of the Tesla Model Swhich you can also hail for taxi in service in London,
President Obama announced up to $4 billion in low-cost debt financing for Indian renewable energy projects that use US-made equipment.
Image Credit: via#@Reinvest201 v
#Evercharge Delivers EV Charging Solutions For Apartment Dwellers It no secret that in America and across the world,
all at the same time, could lead to an energy bottleneck that could require tens of thousands of dollars in service upgrades.
or retrofitted on existing ships without requiring the vessel potentially multi-million-dollar asseto be out of service,
including charterers (those that rent ships), banks, port authorities, and ship registries. With this growing prioritization, these parties are starting to shift money towards
Alongside the shift from charterers, shipping banks are starting to acknowledge the development of a two-tier market,
As a result, banks are recognizing the impact that ship efficiency has on assets on their books
As banks encourage efficiency retrofits where they make sense, and demonstrate to shipowners that efficient ships are more profitable,
so they can claim credit. Climate advocates, whose main challenge is speed of action, don need to change their approach.
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