Money News
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Billfold POS has been put in place at several live entertainment events, helping to make the purchase process easier by using digital technology. A new innovation involves the use of RFID wristbands to make bar purchases.
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By AFP
London -
Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook's Libra, could one day replace the dollar as king of the foreign exchange market.
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Just five months after Tim Cook announced Apple's next phase in the money markets (after Apple Pay), the company's first credit card is now available.
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Walmart has paid out $282 million to settle several allegations of overseas corruption. These include channeling more than $500,000 to an intermediary in Brazil in relation to construction projects.
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London -
Challenger banks built on modern technology are continuing to grow in popularity; and customer expectations are rising. However, these financial institutions raise issues of identity verification. Tim Bedard from OneSpan highlights the significance.
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Men or women: who are fares better with money matters? New data pertaining shows that it’s men. This comes from a survey undertaken by STASH, who produce a consumer investment app. The survey marks financial literacy month.
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A new universal basic income scheme is to be piloted in South Korea, where 170,000 young people (aged twenty-four) will be given the equivalent of $833 with very few conditions attached. The scheme also aims to boost local businesses.
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‘Happy’ is a subjective concept, but there are factors that can combine to improve quality of live. To mark the forthcoming International Day of Happiness (March 20), WalletHub have released a new study.
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By AFP
Monrovia -
Five once senior figures at the Liberian Central Bank, including the son of long-serving former president Ellen Johnson Sirleaf, were charged Monday with criminal conspiracy and "economic sabotage" following a probe into a banknote printing scandal.
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Financial inclusion is on the rise globally as 69 percent of adults – 3.8 billion people – now have a bank account or mobile money provider. Key to achieving this have been fintechs, according to Steve Smith of Finicity
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Despite technological advances on mobile devices and mobile applications, there are still a wide variety of consumers who want to avoid the bank or credit card interaction and use electronic cash. Danny Shader, PayNearMe, explains why.
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Gangtok -
A small state in India is to embark on an economic experiment by introducing universal basic income. While the state of Sikkim is small, the concept is attracting global interest.
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The global economy may only now be showing signs of waking from it post 2008 slumber, but The number of people classed as 'super-rich' continues to grow.
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Dr. Nick Almond, a professor in the U.K., believes that the adoption and acceptance of cryptocurrency will come through a crypto lottery. He explains why would the game that is as old as time will help crypto become accepted.
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Hoboken -
The company LendEDU has just released the results of its survey of 1,001 student loan borrowers and their thoughts on changes to the student debt bankruptcy policy, in the U.S. A research analyst provides an oversight.
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A new report looks at data-driven global insurance technology trends and charts record investment from both financial investors and reinsurers in these emerging technologies.
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Cambridge -
A Bitcoin crash would probably derail other cryptocurrencies, according to new research. However, more traditional markets would be relatively insulated from a sharp devaluation.
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Personal finance is on the top of many people’s minds. While the digital era provides more opportunities for investment, making the wrong choice can be costly. Wealthsimple Dave Nugent, Head of Investments, gives some advice.
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Snapsheet, a leading provider of claims technology, has partnered with KeyBank, to launch Snapsheet Transactions, a payment solution for insurance claims. To learn more about the platform we spoke with Alex Meisner, director of innovation at Snapsheet.
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By AFP
Kiev -
Ukraine said on Friday it was banning a new Russian banknote showing an image of the Crimean peninsula that Moscow annexed in 2014.The announcement came one day after Russia unveiled a new note worth 200 rubles ($3.
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Toronto -
Business analysts as reported by Huffington Post, to Business Weekly and Forbes have all noted the impact small business has made upon the economy.
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Digital payments are now popular than cash as app-based methods become more widely supported. Every major mobile operating system now comes with a built-in payment provider. Adoption amongst banks and retailers is also on the rise.
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Stockholm -
Sweden is on course to become the first cashless country. New figures about ATM machines reveals the country has the lowest proportion of cash dispensers in the developed world.
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The digital cryptocurrency Bitcoin has broken records by reaching its highest value ever recorded. The price of a single coin surged past $2,000 today before climbing even higher to $2,100. The rise has been linked to changes in China and Japan.
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Oxford -
University of Oxford technologists have designed a prototype device designed to make contactless payments more secure. The device sends secret keys to encrypt information passed from a mobile device to a payment terminal.
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By AFP
Caracas -
Venezuelan President Nicolas Maduro on Sunday named a lawmaker as the country's new central bank chief, after reportedly pushing out the former head as the country struggles through a deep economic crisis.
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By AFP
Caracas -
Inflation-stricken Venezuela released new bigger denomination banknotes Monday to stop citizens struggling with unwieldy wads of cash in an economic crisis.
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London -
The U.K. recently launched a new bank note, valued at £5. The note is smaller and plastic based, replacing the old paper note. Vegans and religious groups have reacted angrily due to the note containing animal products.
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By AFP
Sofia -
Bulgarian authorities said Tuesday they had seized a record amount of over 13 million euros' ($14.4 million) worth of counterfeit notes, most of them recovered by scuba divers in a reservoir.
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London -
After centuries of paper-based bank notes, the U.K. will gradually introduce plastic notes. This begins in September 2016 with the £5 note. The notes are designed to be cleaner and stronger.
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Money Image
Residents begin running up to bank robber's car hoping to have money thrown at them. Screen Capture
Bank robbers begin throwing money out the their vehicle as they are pursued by police. Screen Capture
Cut to pieces. One less credit card.
Canadian currency _escalade328s_
High Turkish inflation has sent the lira sharply lower YASIN AKGUL, AFP
A view of Canadian money KittyCanuck
An automated teller machine (ATM). Digital Journal
Canadian currency from 1933 to 1935
This is the "Douglas Money Equation" as formulated by Major C.H. Douglas (1879-1952).
Stock image of wooden counters on a board, which can be likened to the crowdfunding model Tookapic / Pexels
US $500 Dollar Bill US Government
Novelties at the UN: cash only, please!
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