Nanopay has unveiled a new platform that will let companies process business-to-business payments between bank accounts across borders.The platform, introduced last week, is currently in private beta. It will become generally available in February, initially enabling cross-border payments between Canada and the United States.Cross-border payments with India and China will be added in Q2.The platform will enable account-to-account payments, with full visibility and payment context with ISO 20022 metadata to enable straight-through processing, or STP.The platform will give accounts receivable departments better access to the status of payments -- whether they're scheduled, pending or complete.Payers will be able to control cash flow more effectively, and payees won't face the cost and risk of using credit cards.The platform will give B2B payers full visibility into foreign transaction costs when they make cross-border payments in another currency.The Nanopay platform will be offered … [Read more...] about New B2B Payments Platform Reaches Across Borders
Cryptocurrency bitcoin soared to US$16,777 on Thursday, reaching a market capitalization of $274 billion, according to Bloomberg's composite of exchanges. That was up from just $10,000 last week, and up some 1,500 percent from the beginning of 2017.The latest price increases have come as bitcoin increasingly has been recognized as a legitimate form of currency.The Commodity Futures Trading Commission (CFTC) last week announced that it would allow the trading of bitcoin derivatives on the CME Group and CBOE Global Market exchanges.The CFTC's move makes it easier for investors to buy and sell bitcoins at a future date at a pre-agreed rate.However, investors should be aware of a potentially high level of volatility with the currency, the agency warned.Bitcoin was introduced as a decentralized digital currency in early 2009. Its system works without a central repository or single administrator; transactions between users take place directly through the use of a cryptography. Transactions … [Read more...] about Bitcoin Surges Past $16K: Will the Bubble Burst?
Just who should get the armrest on the airplane anyways? In a new survey, British Airways asked some of the most common travel etiquette questions to create an unofficial rulebook on behaving while squished together with a few hundred passengers at 35,000 feet.The survey asked 1,500 travelers in the United States, United Kingdom, Germany, France, and Italy how to respond to some of the most typical travel dilemmas, from waking up the passenger in the aisle seat to go to the bathroom to whether or not to take off those shoes. The group also conducted video interviews in New York and London to capture the reactions to those etiquette questions.First, the Great Armrest Debate — who gets to use the armrest? About 67 percent of travelers surveyed said that the proper thing to do is to take one armrest and leave the other for your neighbor. Nearly half of the British and American travelers will claim both armrests when sitting in that middle seat, while travelers in Germany and France … [Read more...] about Travel etiquette survey pinpoints the proper way to sleep with 200 strangers
On Nov. 7, United officially retired its fleet of Boeing 747s (the Boeing 747-400, to be exact), flying its last flight from San Francisco to Honolulu — the same route United inaugurated its first 747 on — and there has been an outpouring of love among the aviation community. The iconic plane with its signature hump and four engines, dubbed “Jumbo Jet” and “Queen of the Skies,” has been exiting airline fleets in recent years, replaced by more fuel-efficient, two-engine models with long range capabilities. Delta, the other U.S. carrier that operates the 747, is also retiring its fleet of jumbos; no U.S. airline will be ferrying passengers on a 747 after that.Aviation enthusiasts have been lamenting the dwindling numbers of the 747s flying, and rightly so — hence why United had created much fanfare leading up to the final flight (the actual revenue-based flight ended on October 29, but a special celebratory 747 was still flying afterward). … [Read more...] about United’s Boeing 747s have flown into the sunset, here’s why ‘Jumbo’ fans are sad
Apple has had a rough few years in the tax department. In 2013, after a massive crackdown on how the company handles taxes, a government subcommittee determined that the company had avoided paying tens of billions of dollars in taxes by pushing profit into Irish subsidiaries. Now, leaked document reveal the company has found a new international tax residency — the island of Jersey, according to a report from the New York Times.Why? Well, Jersey normally doesn’t tax companies.The news was leaked in a trove of documents called the Paradise Papers, but after the leak of the papers, Apple was quick to publish a blog post arguing, once again, that it has paid all the taxes it should.“The debate over Apple’s taxes is not about how much we owe but where we owe it,” said the company in its blog post. “We believe every company has a responsibility to pay the taxes they owe and we’re proud of the economic contributions we make to the countries and … [Read more...] about Leaked documents reveal Apple’s new shelter for profits is the island of Jersey
If the latest house for the Airbnb Night At Contest is missing something, guests can just build it themselves — after all, there’s not a whole lot that you can’t make with 25 million Legos at your disposal. Airbnb is accepting entries into its latest contest for a chance to win a stay at the new Lego House in Billund, Denmark.The new Lego house is open to the public during the day, but winners for the Airbnb contest will be the first (and possibly only) guests to stay in the attraction overnight, sleeping under a Lego waterfall in a bedroom complete with a Lego alarm clock. Guests will have the entire Lego House to themselves for one night, including access to build their Lego creation of their dreams.The experience starts with building lunch out of Legos — then having the real, edible version delivered by Lego robots. After lunch, the Lego House closes to the public, when the winning guests will have the entire facility to explore and create. Host Jamie Berard, … [Read more...] about Pack your Lego-proof slippers — Airbnb is giving away a night at the Lego House
Morgan Wandell, a top executive at Amazon since 2013, has been lured away by Apple as part of its bid to increase scripted programming in the streaming market. With Apple ready to drop as much as $1 billion to develop original programming, according to Business Insider, they hope to become a major player in the industry.Wandell arrived at Amazon from ABC Studios, and he has an impressive resume. He helped develop such series as The Man in the High Castle, Jack Ryan, Sneaky Pete, and The Marvelous Mrs. Maisel. While at ABC, he worked on such TV series as Gray’s Anatomy, Lost, Desperate Housewives, Private Practice, Criminal Minds, and Ghost Whisperer.The Hollywood Reporter notes that Wandell joins a team that includes co-heads of video programming Zack Van Amburg and Jamie Erlicht, who were recently poached from Sony Pictures TelevisionApple’s first few attempts at original programming, such as Carpool Karaoke and Planet of the Apps, were underwhelming, to put it mildly. It … [Read more...] about Apple nabs top Amazon executive to helm development of original scripted series
Apple and Qualcomm are engaged in what will likely be a yearslong and epic battle. Following news that Qualcomm had been charging heightened royalties for use of its tech, as well as reports indicating Qualcomm required Apple to pay a percentage of the iPhone’s revenue in return for the use of Qualcomm patents, Apple has sued the company in three countries.In the United States, Apple is suing Qualcomm for a hefty $1 billion — but it has also filed a lawsuit in China for $145 million, as well as in the United Kingdom. Now, Qualcomm is following with its own countersuit (but losing quite a bit of money).Here’s everything you need to know about the lawsuit battle so far.Qualcomm wants to ban iPhones in ChinaThis ban has nothing to do with the Chinese government, but rather with Qualcomm’s claim that Apple has stolen patents. According to a Bloomberg report, the chipmaker has now filed paperwork to ban both the sale and the manufacturing of the … [Read more...] about Apple vs. Qualcomm: Everything you need to know
The fact that the tech industry has too few women is no secret. The solution to that problem, however, seems in some ways to be kept under lock and key. But here to begin cracking the code is a new venture capital community called The Helm, a company offering seed-round funding to female founders in hopes of injecting some much-needed diversity into the sector.Dedicated to deploy $2 million in a year across eight to 10 seed-stage deals, with a focus on high-growth tech startups featuring a female CEO, The Helm hopes to adjust the pipeline of capital available to women in technology. Today, female founders receive just 2.5 percent of all VC dollars in the U.S., but this new VC model is hoping to change that proportion little by little over the course of the next few years.Founded by Lindsey Taylor Wood, alongside Erin Shipley and Emily Verellen Strom, The Helm promises to provide investors with the chance to see the impact of their dollars. The goal, the company says, is to bring a new … [Read more...] about Could The Helm be the secret to fixing Silicon Valley’s gender diversity issue?
Apple Park may conjure images of picking a Golden Delicious on a crisp, fall day, but it’s actually the iPhone maker’s new spaceship-like campus. The company’s September 12 event was held in 141the new Steve Jobs theater situated in a grove on a hillside overlooking the campus, and reporters were able to glimpse the giant donut employees have been moving into since April 2017. Although the building is filling up, construction isn’t slated to be fully completed until the end of this year. Curious what’s going on in Cupertino? Here’s everything you need to know about Apple Park.Can I visit?On the morning of Friday, November 17, Apple opened the doors of its North Tantau Avenue Visitor Center to the public, as announced by the Cupertino Company. Visitors can peruse special hats and t-shirts at the interior retail location. With its exclusive merchandise, the shop holds a cache akin to the remotest Hard Rock Café attire. 9to5Mac lists … [Read more...] about Everything you need to know about Apple Park