2014 Paris Motor Show highlights

Financial

Mobile network operators across Africa and the Middle East have teamed up to accelerate mo...

Nine mobile network operators across 48 countries in Africa and the Middle East have joined forces on the GSM Association’s Mobile Money Interoperability (MMI) program. The program aims to develop standards and implement convenient and affordable financial services across the regions, where many citizens have limited access to traditional banking services.  Read More

Bitcoin replaces trust with cryptography to provide a monetary system without surprises

Bitcoin, the digital cryptocurrency designed to enable anonymous peer-to-peer financial exchanges without the involvement of third parties, is having serious teething problems. However, most such problems are associated with bitcoin storage or conversion, and should settle down as the currency is more widely accepted. Assuming this happens, let's look at the strengths and weaknesses of a mature Bitcoin currency in a modern economy.  Read More

This used 2013 Tesla Model S was purchased for 91.4 Bitcoins (Photo: Lamborgini Newport Be...

The value of a thing is what it will bring, or so says an old financial aphorism. It appears that the value of Bitcoins earlier in the month was such that 91.4 Bitcoins had the same value as a used Tesla Model S in Newport Beach, a quiet beach town midway between LA and San Diego in California.  Read More

PayPal is looking to extend its brand across the Solar System (Image: Digitally-altered fr...

PayPal has teamed with the SETI Institute and the Space Tourism Society to start preparations for the coming upheavals of Solar System commerce. Having whetted their teeth on global commerce, PayPal is looking forward to the challenge of figuring out how to let John or Jill check their balance when they are living on Mars or visiting the Orbital Technologies commercial space station. It's answer is PayPal Galactic.  Read More

The Proverbial Wallets provide haptic feedback for your digital transactions

The widespread adoption of credit and debit cards means, for many people, the cashless society is already a reality. However, this means the simple system of checking how much cash you’ve got in your wallet before making a purchase is no longer an accurate reflection of your finances, making it all too easy to succumb to temptation and overextend yourself financially. The Proverbial Wallet project at MIT is looking at “un-abstracting virtual assets” with wallets that provide tactile feedback that reflects a person’s current financial state.  Read More

The Dalmore Oculus

Further proof that the GFC might be retreating and that the demon drink has indeed become a sound financial investment was the news that a bottle, err decanter, of Dalmore Oculus whisky sold for a GBP27,600 (USD47,000) at yesterday’s whisky auction at Bonhams Edinburgh (UK).  Read More

The new Nokia Money service makes a grab for cash

Nokia’s new Nokia Money service will let users send money, pay for products, recharge prepaid SIM cards and pay utility bills just by using the payee’s mobile phone number. Designed to be as simple as making a phone call or sending an SMS, the Nokia Money services will be accessible 24 hours a day anywhere there is mobile phone coverage.  Read More

The ADT Anti-Skim™ ATM Security  device

The theft of financial information during ATM transactions is one of the financial industry's fastest growing crimes and in the latest effort to combat this problem, ADT Security Services today introduced a new advanced skimming detection device for financial institutions throughout North America. The ADT Anti-Skim™ ATM Security Solution helps prevent skimming attempts and detects skimming devices on all major ATM makes and models, says ADT.  Read More

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