To explore the growing use of mobile wallets, Microsoft will be hosting three week-long events in February, March and April, named the Digital Wallet Foundry (according to Finextra). The launch will be held at the Modern Jago facility in London’s Shoreditch on Monday 18th February.
Individual developers, software retailers, banking teams and start-ups are all invited to attend the events, which will be looking at identity, payments and loyalty. The first day of each week will include speeches from payments experts, banks and mobile device manufacturers. Participants will develop their app idea during the rest of the week.
Richard Peers, of Microsoft, will encourage participants to follow their own creative ideas and insists that they will not be restricted in their choice of technology. Participants will spend the week working towards creating an app, tool or proof of concept. A panel of industry experts will then meet to decide on a winner.
Peers explains: “We’ll have experts on hand throughout the week to explain some of our own technologies in this area, and to help developers who may be new to services like Windows Azure, to find their way around the resources we are making available to them.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.