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Fintech consortium boosts Sacramento banking innovation

BankInovation

A recently launched fintech consortium in Greater Sacramento is already generating partnerships between local technology providers and financial institutions.

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Bitcoin Daily: CoinFLEX Takes Bets On Libra Launch; Germany’s Finance Minister Speaks Out Against Private Currency

PYMNTS

He added, however, that the power of currency issuance should not be left in the hands of tech giants: “A core element of state sovereignty is the publication of a currency, we will not leave it to private companies.”. Rewards can be redeemed for prizes and events including signed merchandise and courtside tickets.

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Zippin Raises $12M To Accelerate Cashierless Store Launches

PYMNTS

Zippin, a cashierless checkout technology company, has raised $12 million in a Series A funding round, according to a release. The company, which was founded in 2015, uses artificial intelligence (AI), computer vision and sensor technology to provide a 100 percent cashier- and checkout-free experience.

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Uber, Lyft Lose AB5 Appeal In California

PYMNTS

In a 74-page ruling, the appellate judges maintain that both companies caused “irreparable harm to drivers” by classifying workers as independent contractors and denying them benefits that regular employees receive. Uber and Lyft have said that as a technology platform, all they do is match drivers and passengers.

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Verizon And Samsung Target 2019 For U.S. Release Of 5G Smartphones

PYMNTS

The move would essentially beat Apple to the market with smartphones featuring 5G technology, because reports say that Apple is going to wait until 2020 to release the first iPhones featuring the tech. Instead, many predict the company will switch to Intel modems, although that technology won’t be ready for production until late 2019.

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Uber, Postmates To Meet With CA Judge To Argue Against AB5

PYMNTS

In a court filing, the company reportedly claimed that the legislation would “turn the technological clock backwards by a decade” and leave behind the wealth that on-demand firms made “to protect the old economy from the new.”

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Amazon And Its Real Estate Effect

PYMNTS

Consider that the eCommerce giant has had some pull with major cities — the ones who didn’t make the cut for being a finalist in the competition on offer by the company as it seeks a site for its second headquarters. The WSJ noted the company made about 200 phone calls, and the message, or messages, were taken to heart.