News

Biometrics
Citibank Launches Touch ID Sensor Authentication In Hong Kong
November 08, 2016

Citibank announced Monday (Nov. 7) it launched its Touch ID Sensor authentication service in Hong Kong. In a press release, Citibank said the service provides a full suite of mobile banking services to customers via its Citi Mobile App for the iOS platform. The service...

Partnerships / Acquisitions
Dalumi Group Buys Online Luxury Jeweler Zoara.com
November 08, 2016

The Dalumi Group, the Israeli diamond enterprise, announced Monday (Nov. 7) it has bought online diamond and luxury jewelry eStore Zoara.com. In a press release, The Dalumi Group said Zoara.com has sales in more than 40 countries around the globe and is a main player in the...

Mobile Commerce
Google Enables Indian Customers To Pay Within Play Store
November 08, 2016

Google is reportedly enabling customers in India to pay directly from their bank account when using the Google Play Store. According to a report, the feature, which has reportedly been added in the past day, is supported by a number of banks in India. Previously,...

Ridesharing
JPMorgan And Deutsche Bank Declined To Sell Shares Of Uber To Wealthy Clients
November 08, 2016

Uber is gearing up to launch an initial public offering at some point, which is expected to be red hot, but at least two Wall Street banks passed on selling private shares to high-net worth clients in January. That’s according to a report by Bloomberg, which...

Digital Banking
Wipro Launches Open Banking API Platform
November 08, 2016

Wipro, the information technology, consulting and business process services company, announced Monday (Nov. 7) it launched its Open Banking API platform. The Open API platform will enable banks and financial institutions to launch Open Banking initiatives. With an open banking initiative, the company says financial...

Regulation
PayQwick Payment Platform For Pot Businesses Exceeds CA Guidelines
November 08, 2016

PayQwick, the closed-loop payment platform geared for the legal marijuana industry, announced Monday (Nov. 7) its payment processing, banking and compliance platform exceeds California State Board of Equalization track-and-trace recommendations and federal guidelines. In a press release, PayQwick said its system is designed to track...

Banking
Compliance Costs Kill Banks’ Budget For Innovation
November 08, 2016

It’s getting hard out there for a tech vendor — particularly those that sell to banks. Banks are cutting costs these days — hit by high compliance costs and an interest rate that the Fed keeps delaying raising — and those costs are hitting vendors like DH Corp., Fiserv Inc....

Partnerships / Acquisitions
Blue Nile Goes Private In $500 Million Sale To Bain, Bow Street
November 08, 2016

Blue Nile, the online jewelry eStore, announced Monday (Nov. 7) it is going private via a deal in which it will be acquired by an investor group made up of Bain Capital Private Equity and Bow Street. In a press release, Blue Nile said, in...

Security & Fraud
China Pushes Controversial Cybersecurity Law
November 08, 2016

China passed cybersecurity legislation on Monday (Nov. 7) to combat the growing number of threats of hacking and terrorism. However, Reuters reported that the new law has generated concerns from foreign companies and rights groups. Critics claim that the law will shut out foreign technology...