Apple's peer-to-peer payments feature will not be launched with iOS 11. The P2P payment will enable users to send money and get paid in Messages. Users can also use Siri to pay someone, using the credit and debit cards they already have in Wallet. In a statement on its website, Apple said the servic....

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Customers have been using Zelle to make payments through their bank's app or website for a few months now. Zelle, formerly known as clearXchange, has been launched as a standalone app now. Anyone can use the service through their Visa and Mastercard debit card accounts, regardless of their financial....

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A UBS-led plan to develop a digital cash system was first thought of in 2015. The concept, based on blockchain technology, has won the support of Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street.....

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Square, the fintech startup headed by Twitter founder Jack Dorsey, has finally made an official application with the Federal Deposit Insurance Corporation to become an Industrial Loan Company (ILC).....

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Singapore is slowly emerging as a key hub for blockchain startups wanting to launch an Initial Coin Offering (ICO). The city-state of Singapore has always been a dream destination due to its tax-friendly regulations (income tax ranging from 0 percent to a max of 20 percent), ease of establishing a....

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The central banks of Japan and European Union have concluded that Distributed ledger technology is not mature enough to replace settlement systems. ....

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A new report from Juniper Research has forecast that the value of cryptocurrency transactions will break the $1 trillion milestone before the end of 2017. This would mean a growth 15 times larger than the previous year.....

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To facilitate increase in efficiency and reduction in risks, US stock and bond trades will now settle in two, rather than three, days. Both Canadian stocks and bonds, and Mexican equities are also shifting to T+2. The move is in line with Europe, Australia and Hong Kong. ....

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Now people dining at KFC in the eastern Chinese city of Hangzhou will pay for their meals by smiling. ....

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Credit referencing firm Equifax has reported a cyber-breach that compromised the personal information of approximately 143 million US consumers – almost half of the country. The company said a US website application’s vulnerability was exploited to gain access to certain files between the months....

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