The financial sector in UK is looking to attain new weapons for its war against cybercrime. Recently, we came across the news of a Russian gang amassing 1.2 billion username and passwords. To avoid such incidents, London’s financial district is aiming to become a hub for cyber security technologies. A...
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In March 2013, eBay announced that it would be working on app development for Google Glass. The idea was to use the Android-powered, head-mounted wearable gadget to help consumers shop online and offline without needing to use a smartphone. In June 2010, the online-market giant had bought RedLaser, a popular...
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On Aug. 7, 2014, one of the leading telecom operators in the Philippines – PLDT (Philippine Long Distance Telephone) – announced that it had entered into a global strategic partnership with Rocket Internet. The collaboration is designed to drive the development of online and mobile payment solutions in emerging markets....
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The world can’t get enough of mobile applications. Last year alone there were 102 billion application downloads according to the analyst firm Gartner. And Google research says 84% of shoppers are now using their mobile phone while they shop in the physical world. Banks would be smart to leverage this...
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According to a recent report by Australian bank Westpac, contactless payments via mobile will reach A$3 billion in Australia by 2015. In Australia, mobile-based contactless payments have accounted for 60% of all debit-card transactions in the past 12 months. The growth can be attributed to the proliferation of smartphones that...
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Digital gift cards represent a small segment of the $100 billion prepaid-card market. But the segment is growing rapidly, with digital gift cards gaining popularity among merchants and consumers because of their flexibility. Traditional plastic gift cards prove costly to manage and deploy and are thus an unattractive option for...
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Popular messaging service Snapchat has a feature in which messages disappear as soon as they are read. This basically means that the message gets deleted from Snapchat servers and cannot be retrieved. marketers can use this feature to send time-sensitive deals to customers, thereby maintaining a sense of excitement in...
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Earlier this year, Internet retail trade body IMRG conducted collaborative research with consulting firm Capgemini regarding some specific aspects of the retail industry. The research reveals that multichannel retailers recorded 79% year-on-year growth in sales via mobile devices, while pure plays grew only 59%. Pure plays are basically retailers that...
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UK mobile payment service Paym, launched in April, has registered more than 1 million users in the past 100 days. In that period, about £6.5 million have been transferred through the channel. Paym had crossed the 500,000 mark in registered users just three weeks after its launch. Paym is a...
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Why can’t the $100 Bn security industry stop hackers? Despite technological revolutions, hackers are still invading industrial systems to retrieve confidential information, leading to a rise in the number of fraudulent cases and hacks in recent years. A recent case shows that a new benchmark has been set by hackers...
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On Aug. 5, 2014, Pacific Crest Securities said in a research note that Visa and Apple could announce a mobile payment partnership in the near future. This would have a negative impact on PayPal, Crest stated. The Apple iPhone 6 is expected to be launched in September or October this...
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The article cites the views of John Zurawski, VP Marketing, Authentify on how data breaches affect the victim firm. 2014 might just be remembered as the year of high profile data breaches. Companies such as eBay, PF Chang's, and the University of Maryland have already been targeted and new attacks are...
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