financial

VISA signatures will soon be optional as chip takes over

VISA signatures will soon be optional as chip takes over

Back in October, MasterCard announced that it will eliminate signatures for card holders starting in 2018. Following that, VISA has made a similar announcement, saying that signatures will be made optional for all merchants that support the EMV chip. The move away from signatures has started as many banking customers in North America use credit and debit cards featuring the chip.

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Kodak unveils KODAKCoin cryptocurrency, blockchain image platform

Kodak unveils KODAKCoin cryptocurrency, blockchain image platform

Kodak is probably one of the last companies you think of when it comes to mining cryptocurrency, but it plans to change that. The company has announced a partnership with WENN Digital for a "major blockchain initiative," and that includes a "photo-centric cryptocurrency" that it calls KODAKCoin. This is part of its larger and newly announced KODAKOne platform for managing photographers' image rights.

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Forever 21 reports credit card breach: encryption issue blamed

Forever 21 reports credit card breach: encryption issue blamed

Clothing franchise Forever 21 disclosed a security breach involving credit cards last month, and now the company is back with an update on its investigation. According to the company, it was alerted to a potential security issue by a third-party back in October of this year. That triggered an investigation by the company, which found that some stores' point-of-sale devices didn't always utilize encryption.

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Apple just invested $390m into the iPhone X laser tech

Apple just invested $390m into the iPhone X laser tech

Apple has invested $390 million into Finisar, the company behind the TrueDepth camera lasers. Apple announced the investment today, saying that it has been done as part of the company's goal "to support innovation and job creation by American manufacturers." The $390 million comes from Apple's $1 billion Advanced Manufacturing Fund.

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Bitcoin goes mainstream with futures trading on Wall Street

Bitcoin goes mainstream with futures trading on Wall Street

There must have been a great deal of confusion, apprehension, and even ridicule in ancient times when people moved from directly trading goods to the abstraction of wealth we call “money”. We might now be entering such times again with the birth and growth of cryptocurrency, specifically bitcoin. Although already nearly a decade old, bitcoin has yet to be taken very seriously by major financial institutions, something that might finally happen now that bitcoin futures have begun trading on Wall Street, thanks to Cboe, one of the world’s largest exchanges.

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Court orders Coinbase to give IRS data on 14,000 users

Court orders Coinbase to give IRS data on 14,000 users

Coinbase has been ordered to turn over data on about 14,000 users to the Internal Revenue Service, the latest development in a legal spat that has been ongoing for months. Coinbase is calling this a partial victory, saying that the scope of the summons was reduced by a huge 97%, requiring it to turn over data on only a small fraction of its users. Affected users are people with $20,000 or more in transactions in a single year.

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Samsung Pay Story social sharing feature appears in patent

Samsung Pay Story social sharing feature appears in patent

Samsung has patented a new feature for its mobile payment platform that gives it a social element. Called Samsung Pay Story, this feature is a way for Samsung Pay users to share "buying experiences" with their friends via the big social media sites, such as Twitter and Facebook. It seems that by doing so, Samsung is hoping its users will make more people aware of the platform.

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Google Search gets a dedicated stocks and finance tab

Google Search gets a dedicated stocks and finance tab

Google has observed a big change in interest regarding stocks and finance over the last five years, and so it is introducing a new search feature that will cater to those users. Google Search on both mobile web and desktop are getting a new "expanded finance experience," says Google, which introduces a new tab to the search menu called "Finance." The tab is dedicated to financial details.

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VISA NFC payment gloves, pins and stickers are made for the Olympics

VISA NFC payment gloves, pins and stickers are made for the Olympics

VISA has introduced a new pair of NFC-equipped gloves designed specifically for people who will be attending the 2018 Olympic Winter Games in PyeongChang. These gloves look like ordinary winter gloves, with one big exception -- they have a VISA logo on them, which hints at the NFC tech embedded within. Rather than carrying a payment card or pulling out a phone, fans wearing these gloves can use a hand motion to make a payment.

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PayPal Money Pool lets everyone in a group chip in on gifts

PayPal Money Pool lets everyone in a group chip in on gifts

PayPal has launched a new feature that makes it easy to get funds from a group of people who all want to contribute to the item. Called Money Pools, the feature is exactly what it sounds like: a dedicated way to pool money, one that'll no doubt come in handy with the upcoming holiday season. The feature is available now for anyone who has a PayPal account.

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GoPro had a great Q3, paves the way for Q4 with Fusion and HERO6

GoPro had a great Q3, paves the way for Q4 with Fusion and HERO6

GoPro struggled financially for years, ultimately undertaking somewhat drastic measures to correct its course. Those measures included multiple layoffs, ultimately shedding hundreds of jobs while restructuring the business in a way that would cut costs and, if all went as planned, help it be profitable again. All of that work has paid off, according to the company's most recent quarterly results.

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Apple had its best fourth quarter ever with $52 billion in revenue

Apple had its best fourth quarter ever with $52 billion in revenue

Apple has announced its fiscal Q4 2017 quarterly results, saying that it achieved record revenues during the quarter that ended on September 30. Overall, the company raked in $52.6 billion during the past quarter, a 12-percent increase over the same quarter last year. It marked good times for the company's Services, too, which had its best quarter ever. Overall, Apple says that 62-percent of its revenue last quarter came from international sales.

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