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Dubai will begin digital license plate trial next month

Next month, Dubai will begin testing smart license plates, the <i>BBC</i> reports, and they'll be able to contact emergency services in the event of a crash, communicate with other cars about traffic conditions and display an alert if it or the car it's on are stolen. A trial will begin next month to try …

License Plates

The City of Cape Town’s incredible plan to make mini-bus taxis better than Uber

The City of Cape Town has released its Integrated Public Transport Network (IPTN) plan, detailing how it plans to deal with the city’s massive …

Siemens to construct eHighway on German autobahn

Siemens first revealed its eHighway concept back in 2012, where a hybrid diesel/electric truck moving down a stretch of road could raise its …

THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem

<i>This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.</i><p>Digital disruption is rocking the payments industry. But merchants, consumers, and the companies that help move money …

FinTech

Millennials could drive mobile wallet adoption

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>A user's age could be a major determinant of his or her likelihood to use a mobile wallet, according to new data from a Fiserv study.<p>The study found that, overall, just 16% of …

FinTech

Kroger Has Slapped Visa With a Lawsuit Over Debit Card Fines

Walmart (wmt) isn’t the only mega-retailer annoyed with Visa’s (v) debit-card policies.<p>Kroger (kr) is suing Visa over fines the grocery chain said …

Samsung Pay arrives in Australia to try and eat Apple's lunch

More than eight months after Apple Pay launched in Australia, Samsung Pay has arrived and it's trying to make nice with the local banks.<p>The mobile …

Bank of America has 23% fewer branches than 2009

Thanks to digital disruption, the physical presence of Bank of America is shrinking...fast.<p>Bank of America has 23% fewer branches and 37% fewer workers than in 2009, the bank said in a presentation on Wednesday.<p>That trend is expected to continue. Bank of America plans to cut another 8,000 jobs from …

Banking

Bluetooth 5 launching June 16, big speed and range improvements coming

Bluetooth Special Interest Group’s Mark Powell announced that the fifth-generation of the ubiquitous wireless standard is coming soon.<p>Bluetooth 5 is supposed to offer extended range and faster transfer rates than its predecessors with up to 2x the range and 4x the transfer speeds. This will make …

Audiophile

Missing The 'Loyalty' Point Completely With Customer Loyalty Programs?

There’s something very strange going on. It’s a growing phenomenon noted across business sectors and geographies. It involves a steady revamping of so-called “customer loyalty” programs, once designed as reward schemes to ensure customers felt valued, and therefore stayed loyal.<p>But in 2016 an …

Customer Experience

Bluetooth 5 is coming: Double the speed, four times the range

Bluetooth SIG has put the final touches to the specs for Bluetooth 5, which should bring some big improvements for IoT applications.<p>The Bluetooth …

Starbucks Cards Now Have More Money Than Some Banks

Starbucks doesn’t offer bank accounts, but people are storing more of their money with the coffee chain than they are at some banks, according to a …

Beacons help pregnant women get seats on Korean trains

It's a perennial problem; do you give up the seat to the fifty-something year-old that just walked on the train, or will they be offended at the suggestion? Is that person pregnant and in need of respite, or just overweight? Chances are if you're having those internal discussions you could just …

A last hurrah for banknotes as UK switches to mobile and card payment

With the launch of the new plastic fiver, Patrick Collinson looks at changing payment methods and asks if Britain is ready to become a cashless society<p>Winston Churchill gazes out from one side of the new £5 plastic note, the Queen from the other. But the chances of Prince William appearing on a …

FinTech

What Americans Like and Don't Like About Mobile Payments

Almost half of American consumers say they have made a mobile payment, and that number is bound to climb as smartphone technology continues to appeal …

Researchers create high-speed electronics for your skin

Make no mistake, today's wearables are clever pieces of kit. But they can be bulky and restricted by the devices they must be tethered to. This has led engineers to create thinner and more powerful pieces of wearable technology that can be applied directly to the skin. Now, researchers at the …

GOLDMAN SACHS: 5 practical uses for blockchain — from Airbnb to stock markets

The financial world has been going crazy for blockchain technology for the last year or so, hypothesising how it could rip out huge amounts of costs for big banks and streamline operations. Goldman itself was one of the key hype men, declaring in December that the technology "can change... well …

Blockchain

Plastic may not be fantastic for much longer – so prepare to pay via your mobile phone

The challenge for the banks is that the fees on the digital payments of the future will inevitably be much lower than on plastic card transactions.<p>If plastic cards did not already exist, no one would dream of inventing them today.<p>Although most retail banking customers still walk around with a …

Banking

5 ways mobile can help brands boost customer loyalty

iStock In today's device-driven age of texts, tweets, and Snapchats, it's hard to grab consumers' attention. So brands looking to build customer loyalty should consider one of the most popular marketing trends: mobile.<p>Mobile strategies may include push notifications about in-store sales and mobile …

Moving Beyond Mobile Payments To Customer Loyalty Programs

While mobile payments are beginning to gain mainstream traction, why is it that companies are not doing more with mobile loyalty and incentive programs? Let’s assume your phone knows you—and offers you something once you walk into that store. For example in real life I am expecting a baby in August …

Mobile Payments

The Secrets of Customer Retention & Communication in E-Commerce

Providing an excellent customer experience is one of the most important ways to improve retention and profitability in any business. A smart Customer …

Customer Experience

Samsung Pay Mini: Mobile payment app to launch on Android and iOS devices

Korean smartphone manufacturer Samsung is planning to launch its mobile payment platform Samsung Pay beyond its own Galaxy phones for Android and iOS …

Startup bank Tandem took just 15 minutes to raise £1 million in its first crowdfunding round

Tandem smashed its £1 million fundraising target in just 15 minutes on Friday, raising £850,337 in just 10 seconds.<p>Hundreds more investors entered what's known as "overfund", pledging money in case Tandem decided to take on more money.<p>Tandem's pitch page reveals that just five investors contributed …

Analyzing the Science Behind Customer Loyalty

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Raise your hand if you’ve built up an extensive collection of loyalty punch cards through the years. I know I’m guilty. From free t-shirts to free meals, being rewarded with something complimentary from a business you frequent is always …

Walmart Is Suing Visa for This Amazingly Common Security Weakness

Walmart is suing Visa for forcing the retailer to accept signatures, rather than only valid PINs, when people make debit card payments in its stores.<p>Walmart has filed a lawsuit against Visa for allegedly forcing the mega-retailer to let customers use signatures, rather than personal identification …

Dunkin' Donuts is making it easier to get your donut fix

It's about to get even easier to get your caffeine or sugar fix at Dunkin' Donuts.<p>The Massachusetts-based chain is expanding mobile on-the-go ordering and also has plans to test out curbside delivery later this year.<p>Customers in New York City will soon be able to skip waiting in line, by placing …

Coffee

Starbucks to pump R130m in South Africa

Johannesburg - Starbucks Corp. will invest R130m ($9.13m) in South Africa over the next two years as the company starts its expansion in the …

Taco Bell, Starbucks Use Mobile To Boost Order Values

BI Intelligence<p>Mobile has gained legitimacy as a commerce channel. Millions of retail locations in the US now accept mobile in-store payments and are also developing e-commerce businesses that support mobile payment options in apps and on mobile websites.<p>However, quick-service restaurants (QSRs) — …

Customer Loyalty In Today's Modern Retail World

Customer loyalty isn’t what it used to be. In fact, research company Access Development reported that 79% of customers would take their business to a competitor within a week of experiencing poor customer service, while the estimated cost of customers switching their choice of businesses due to …

Customer Experience

Samsung Pay racks up 5 million users in half a year

Samsung Pay is off to a promising start... if you ask Samsung, at least. The company reports that Samsung Pay picked up 5 million users in its first six months, handling over $500 million in purchases over that time frame. There's a "strong adoption rate" in both South Korea and the US, Samsung …