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IT Spending in North American Banks to Be Ramped Up
IT spending in North American banks will get a serious push this year. Expected to grow about 4.5%, IT spending will reach $62.2 billion in 2015 from $59.5 billion in 2014. Growth will drop slightly in 2016 and is expected to reach $64.8 billion according to analyst firm Celent. The
Over 200,000 Self- Serve Appliances to Accept Apple Pay
Since its launch in October last year, Apple Pay has been steadily growing in popularity. However, self- serving hardware seem to be one of the last few places to accept only cash or cards. USA Technologies (NASDAQ: USAT), a leader of wireless, cashless payment and M2M/IoT solutions for small-ticket, self-serve
Why User Experience is Vital for the Success of Cloud Platforms
User experience in cloud platforms is becoming table stakes amid intensifying price competition for increasingly commoditized services. The ability to effectively manage application performance and user experience is a key component of every infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) provider’s cloud monitoring strategy. As a result, cloud platform providers must continue
Net Neutrality; What Does It Really Mean for the Future of the Internet?
Net Neutrality discusses the openness of the internet; the fact that all internet access should be equal, neutral irrespective of service. All data should be equally accessible across users, speeds remain unregulated and throttled, and among other things, all services be equally accessible across and within networks. This, however, is
Digital Wallet Consolidates up to 25 Cards, Predicts User Preferences
Taking a step back from the wireless digital wallet solutions by Apple and Google, startup Qvivr has launched ‘Swyp’, a smart digital wallet that can hold upto 25 cards ranging from credit cards, debit cards, loyalty cards, gift cards to frequent flyer cards; essentially any magnetic stripe based card. Developed
Phablets to Take Mobile Banking by Storm
CHARLOTTE, NC – January 27, 2015- Carlisle & Gallagher Consulting Group, a business and technology consulting firm exclusively focussed on financial services industry released findings which predict that Phablets will dominate the mobile device market share by 2020. C&G surveyed 1,005 U.S. consumers online as well as interviewed top financial
Intuit's QuickBooks Now Integrated with Payment Processing Service Stripe
In the new partnership between start-up Stripe and Intuit Inc., a leading provider of business and financial management solutions for small and mid-sized businesses, a new product has been developed for on- demand workers to help them recognise payments as income and optimise taxes and maximise deductions. San Francisco based
Federal Reserve Offers Strategies for Improving the U.S. Payment System
January 26, 2015- The Federal reserve issued a report titled “Strategies for Improving the U.S. Payment System” offering solutions to enhance the speed, safety and efficiency of the U.S. payment system. Falling behind various other countries in optimization of payment systems, the Fed is finally is adopting these measures. “A
Bank of England Warns Financial Sector about Cyber Threats
January 23rd 2014- At the Cyber Defence and Network Security conference, London, Andrew Gracie, executive director, Bank of London gave a speech (.pdf) about the cyber threat that looms over the Financial sector. He said that the sector must contemplate the possibility that core functions in firms, the financial market
Crimea Cut off by PayPal and Google Play, MasterCard Lifts Block in Cuba
Following Russia’s annexation of Crimea last year, tech companies are blocking transactions in the region, upholding the U.S. sanctions on Crimea. These blocks have been brought about to exert pressure on Russia which is in conflict with Ukraine over Crimea. Both the U.S. and Europe support Ukraine in the conflict.
