Target Launches its own Mobile Payments System with Debut of Wallet

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As promised earlier, Target launched its own mobile payments system with the introduction of “Wallet” in the Target app. Wallet, as the name implies, allows Target shoppers in-store to both check out using their smartphone as well as take advantage of their Cartwheel digital coupons and discounts with only one scan of their barcode. Already, Cartwheel savings in Target’s app had worked like this – that is, after adding the discounts on selected products to your Target account using the Cartwheel feature, shoppers could present a barcode to be scanned…

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Parking Insider is a mobile wallet dedicated to helping you avoid parking tickets

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Parking Insider is a smart app with a mobile wallet expressly dedicated to enabling its users to quickly and seamlessly pay for parking spots by the minute. The app also invites users to earn free minutes of parking by snapping pictures of free parking spaces, photos that it will use to create a heat map that enables others users to find open parking spots. It’s the second go at this idea by two of Parking Insider’s three creators. Shruti Kuber  and Advait Kumar are both getting their master’s degrees in…

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Lightform raises $5M to turn old projectors into augmented reality machines

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In Blade Runner 2049, one of the more interesting stylistic choices was how the film imagined futuristic augmented reality. While the Microsofts and Googles of our real dystopian world are currently approaching AR tech with headsets and smart glasses, Blade Runner 2049 relied entirely on external projection to augment its world and the people in it. This vision of the future may still seem a tad concerning, but it’s good news for San Francisco-based AR startup Lightform. Lightform isn’t a hologram startup, but by capturing structured light, their projector-mounted computer…

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LightStep emerges from stealth with a tool for application performance monitoring

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LightStep, a company which has developed a new tool for application performance management, has emerged from stealth with a $29 million dollar war chest. The company, founded by ex-Google engineer Ben Sigelman, has developed a group of software tools to track the how well applications are working across enterprises. At Google, Sigelman was responsible for the creation and operation of Dapper, a distributed monitoring system that could analyze 2 billion transactions per second, according to a LightStep statement. Sigelman also was one of the developer behind the OpenTracing standard, part…

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Eco-friendly bitcoin competitor Chia, Invented

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A bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. Considering he invented the ubiquitous peer-to-peer file transfer protocol BitTorrent, you should take him seriously. Cohen has just started a new company called Chia Network that will launch a cryptocurrency based on proofs of time and storage rather than bitcoin’s electricity-burning proofs of work. Essentially, Chia will harness cheap and abundant unused storage space on hard drives to verify its blockchain. “The idea…

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New startup that helps you scan, send and print yourself

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Kat Kinkead and Peter Weijmarshausen met at their old company, Shapeways. Weijmarshausen recently stepped down as CEO and was looking for something cool to do when he and Kinkead realized that the most popular application of 3D scanning and printing was in 3D figurines. These tiny action-figure-like representations were wildly popular print subjects back at Shapeways but they were notoriously difficult to capture and print. Now, thanks to improvements in scanning, color printing, and software, they’re surprisingly easy. Thus Beheld was born. Kinkead, the CEO, has an MFA in industrial…

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Flying cars: Future of transportation or an inflated expectation?

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It seems like flying-car startups are finally taking over the “140-character” kinds of tech companies we are used to. With EU-based startup Lilium working on an all-electric autonomous flying taxi, garnering a $90 million Series B led by Tencent and supported by a number of well-known VCs (including Atomico), it’s clear that flying cars are transitioning from a fascinating concept to a quite-mature technology and promising investment thesis. But will we see flying cars out in the world? And how will the market environment evolve? The ecosystem is maturing. There are…

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Paytm adds messaging features to India’s top digital wallet app

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Paytm, India’s top digital wallet and payment service, has introduced a chat feature to amp up its appeal among an increasingly competitive market. The new ‘Inbox’ feature, which was first outed in August, is initially available on Android, which accounts for the bulk of Paytm’s claimed 200 million users, and not iOS. It allows users to share messages and photos like other chat apps, but it also includes a peer-to-peer money transfer feature and access games, another vertical that Paytm has expanded into. Paytm, which is backed by Alibaba and…

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Australian Banks avoid Apple Pay, announce their own Beem mobile wallet

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Three of Australia’s largest banks have continued to ignore Apple Pay and announced a new joint venture named Beem that is charged with developing a mobile wallet for iOS and Android users. Westpac, the Commonwealth Bank of Australia (CBA), and the National Australia Bank (NAB) claim that customers will be able to use the app regardless of which bank they use, including organisations outside of the trio, with the end goal to be creating an “industry-wide payment solution”. Westpac chief executive of Consumer Bank George Frazis claimed the app followed…

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Nigerian entrepreneur wants Silicon Valley to fund a future where Africa is included.

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Iyinoluwa Aboyeji , the cofounder of Flutterwave a payments API that makes it easier for banks and businesses to process payments across Africa, wants to transform how Africans pay by Connecting them to the digital economy. The 26-year-old entrepreneur founded the payments API that allows consumers to pay for things in their local currency; Flutterwave takes care of integrating banks and payment-service providers into its platform so businesses don’t have to take on the expense and burden. American investors just poured $10 million of fresh funding into it. This sizable…

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