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How A Retail Incubator Could Produce The Next Big Innovation

PYMNTS

The myth of the lone (and possibly mad) scientist died out a long time ago, as the industrial age led to teams of researchers working together (or at healthy cross purposes) to enable innovation. The basic idea behind LISNR is to send data securely via audio. Science and invention are collective pursuits. That’s the tech part.

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US Finance Crimes Org Calls For Private Sector Innovation

PYMNTS

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

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Taking Real-Time Payment Rails To The Tipping Point

PYMNTS

Tools that can fill specific business needs and features beyond more than just real-time speeds are beginning to grow more important, propelling development and innovation in this area. The aim of creating this system was both to provide more speed and security to the country’s merchants.

Payments 304
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Visa Invests In LISNR To Boost Mobile Payments Growth

PYMNTS

LISNR uses ultrasound technology to provide a solution that lets merchants and payment providers accept mobile payment data anytime during the customer journey. The technology works with all types of purchase scenarios – including scan-and-go, store pickups and eCommerce – and can also be used for messages, authentication and identification.

Mobile 113
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Top News In Payments: UK Challenger Banks Struggle To Thrive, Amazon Wants To Expand Go Tech

PYMNTS

Also, Amazon wants to take its cashier-free Go technology to other places such as movie theaters and airport stores. Challengers like Monzo , Santander and Metro Bank were forecast to put a stop to the dominance of the big four. Today in the payments news roundup, challenger banks in the U.K. Challenger banks in the U.K.

Metro 101
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Visa, Planeta Team Up on Speedier Contactless Mass Transit Payments

PYMNTS

25) that they have launched new technology that speeds contactless payments for mass transit and lowers the cost for transit organizations and operators to offer that payment option. Visa and Planeta said on Monday (Feb.

Payments 142
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Scottsdale Community Bank: Making microloans

Independent Banker

embraces a combination of the latest technology and traditional beliefs about finance and business growth. The technology it uses allows it to maximize efficiency while minimizing costs in its operations. We are changing the face of business banking in Arizona by combining cutting-edge fintech technology with true relationship banking.”