PayPal and Lenovo team on biometric authentication for laptops

PayPal is teaming up with electronics manufacturer Lenovo and chip maker Intel to let users authenticate payments on their PCs with a fingerprint. Working with biometrics specialist Synaptics, the partners aim to help owners of Lenovo computer-owners ditch passwords for PayPal and other Fido-enabled services. PayPal and Lenovo were among the firms that set up…

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New start-up targets SaaS opportunities in payments

Led by former Deutsche and Barclays, Swift, Barclaycard and Gain Capital Payments seniors, Form3 Financial Cloud is promising full payments and banking functionality through a single API platform on a pay-as-you-go basis. Operating a software as a service (SaaS) model, Form3 claims it will deliver comprehensive payment and core banking service, accessed through a single…

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CBOE to acquire Bats for $3.2 billion in cash and stocks

The Chicago Board Options Exchange has agreed a blockbuster deal to acquire Bats Global Markets for $3.2 billion using a mixture of cash and stocks. Bats shares soared late last week as speculation about a possible buy out swirled. The sale comes at a significant premium to Bats closing share price before the latest spike,…

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R3 banks use Intel distributed ledger technology for bond trading

Working under the R3 banner, a gang of eight banks have successfully tested a distributed ledger prototype for bond transactions using Intel technology. R3 and the banks – CIBC, ING, HSBC, Scotiabank, Societe Generale, State Street, UBS and UniCredit – used an implementation of Intel’s proprietary distributed ledger platform, Sawtooth Lake, for the trial. The…

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