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Added 14 October, 2017

Muscovites could soon pay for their metro rides with a ring expected to go on sale later this month, its developer told the Govorit Moskva news agency on Tuesday. The Moscow-based PayRing company brands its product as a contactless bank card in the form of a ring. A company employee said deliveries would start in late October. A spokesperson...

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Added 9 October, 2017

Big-name corporations still rank high on the lists of first-time job seekers, but young people in Thailand have begun to follow the worldwide trend of working for start-up firms that rely on technologies and the opportunities that come with them. The situation signals significant changes in the economy from the smallest to the biggest levels....

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Added 7 October, 2017

Poland is lowering its retirement age, a costly election promise by the ruling conservatives which goes against a European trend of gradually increasing the pension age as people live longer and stay more healthy. Lowering the age to 60 for women and 65 for men is popular in particular among supporters of the governing right-wing Law and...

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Added 6 October, 2017

Barclays Plc, a London-based bank, has installed devices that track how often bankers are at their desks. Managers were peppered with queries when investment bank staff in London discovered black boxes stuck to the underside of their desks in recent months, according to several Barclays employees who asked not to be identified speaking about...

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Added 3 October, 2017

Delixi Electric, a manufacturer of low-voltage electrical products, is banking on robotics to trim time needed for tax invoice issuance by 75 per cent. The Zhejiang province-based company needs to issue more than 5,000 value-added-tax invoices to more than 600 clients nationwide monthly. A human needs 20 minutes to issue each invoice, which...

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Added 26 September, 2017

Finger print payments are already used widely at stores in Poland, Turkey and Japan. Now a UK supermarket has become the first in the world to let shoppers pay for groceries using just the veins in their fingertips, a more secure technology. Customers at the Costcutter store, at Brunel University in London, can now pay using their unique vein...

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Added 25 September, 2017

Home goods company Williams Sonoma will start accepting Venmo, the app that users link to their bank account or credit card in order to send money to their friends and family, as a form of payment for items on bridal registries. Williams Sonoma hopes the new program will help the company appeal to a younger customer base that is accustomed to...

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Added 24 September, 2017

In the United States, the way people work is dramatically changing. The proliferation of the gig economy is shifting the American worker’s view of nine-to-five employment and creating endless possibilities for earning extra cash to help pay the bills and make ends meet. According to a recent analysis of gig economy and workforce data conducted...

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Added 14 September, 2017

The world’s first drone-only flightpath is to be tested over the body of water between the Isle of Lewis and the mainland. Testing will begin later this month for the route, dubbed a ‘droneway’, and will focus on guiding a drone 25 miles between Stornoway and the mainland, over The Minch sea channel. Telecoms expert Rod MacFarlane, who is...

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Added 8 September, 2017

Paying without cash, card or mobile devices is now a possibility. A fast food restaurant in Hangzhou City, China has introduced a facial recognition payment system.
Named “Smile to Pay”, the pilot system was launched by Ant Financial an affiliate company of Alibaba Group, a Chinese e-commerce company.
A 3D webcam recognizes the...