Innovation

Innovation generally refers to changing processes or creating more effective processes, products and ideas. For businesses, this could mean implementing new ideas, creating dynamic products or improving your existing services.

(source: business.gov.au)

Innovation
Smart City Concept Gets New Boost From Google Parent
May 23, 2019

Behold the rise of the smart city — a development that will have significant impact on payments and commerce, at least according to current plans. The latest development comes courtesy of Google parent company Alphabet. According to CNBC, “the first buildings in Alphabet’s first smart city...

Innovation
IBM, Homecare Startup Team On Testing Self-Driving Tech For Seniors
May 23, 2019

IBM and British startup Cera Care are teaming up to test out how lidar laser sensors might be able to help seniors. The six-month pilot will look into whether the sensors — which are used to help self-driving cars “see” — can allow elderly people...

Innovation
Ford To Integrate Walking Robots Into Self-Driving Vans
May 23, 2019

Ford has announced it is partnering with walking robots maker Agility Robotics for its fleet of self-driving delivery vans. The two will work together so that the vehicles are outfitted to carry out the final step of getting a customer’s delivery from the car to the...

Innovation
Imitation Meat, Loyalty On Demand And Remote Ordering: The Shape-Shifting Of Dining In 2019
May 22, 2019

As is usually the case, there was plenty to see – and even more to eat – in the national restaurant show this week. During the early part of the week, 43,000 attendees descended on Chicago’s McCormick Place to feast on food samples, experiment with...

Innovation
Plaid Launches Direct Funds Transfer Ecosystem
May 22, 2019

A new service launched Wednesday (May 22) called Plaid Direct enables “two-way connectivity across the financial ecosystem and makes it easier for consumers to move money between their accounts — whether it’s in a neobank, FinTech, or big box bank account,” according to a statement from...

Innovation
Germany’s Central Bank Says Tech Presents Hurdles, Opportunities
May 21, 2019

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We are seeing completely new business models like platforms and crowdfunding,” said Joachim Wuermeling, a...

Innovation
Facial Recognition Biometrics Finds A Friend In 5G
May 20, 2019

As 5G deployments start, retailers and other companies and organizations around the world are striving to find what works. One of the latest such projects combines the new mobile network technology with facial recognition and vending machines — a possible glimpse of the 5G future....

Innovation
When Innovation Is The Ticket For Digital Events Platforms
May 16, 2019

Digital ticketing platforms for events and entertainment are evolving to become more than places to score tickets to the latest show — they are also introducing features to reduce friction at checkout. TodayTix, which just notched $73 million in funding, plans to enhance the app...

Innovation
Smaller US Cities Foster More Payments Innovation
May 16, 2019

The next chapter in the history of digital payments and commerce is being written in technology incubators – but not only those shops run by merchants and brands, or even in Silicon Valley. Smaller towns keep trying to up their game, and could provide fresh...