Fintech, Finance, Technology, Banking Highlights – 10 November 2017
Bury FC stadium goes cashless
In a first for UK football, tappit has supported Bury FC in implementing a new prepaid card system in the club’s Energy Check Stadium at Gigg Lane. tappit – also the club’s away shirt sponsor – is a specialist in providing a cashless experience at sports events, festivals and other entertainment venues around the world.
Bury FC joins a number of other experiences around the world that have recently made the switch to cashless payments for their customers. Cashless solutions have become increasingly important as a means of making the payment process as convenient as possible for visitors. This improves the customer experience at the event, helping to drive loyalty and significantly boosting revenue in turn.
Under the new system implemented by Bury FC, fans simply tap their prepaid Bury-branded card against a POS terminal when purchasing refreshments. This significantly cuts queuing times at concession stands, freeing fans to enjoy their visit to the stadium.
EToro names George Verbitsky MD in Russia
Global social trading and investment platform, eToro, has strengthened its Russian business with the appointment of George Verbitsky as managing director.
George Verbitsky is a financier, trader and money manager with more than 10 years’ experience in global markets. He has held several senior business development positions in companies such as Microsoft Russia, Thomson Reuters and TradingView. George has experience working in several startups, including an individual traders’ social network, an asset management consulting company, and a diversified algorithmic cryptocurrency fund.
George Verbitsky said, “Using innovative technology, eToro offers users unique investment options, including a clear and safe way to invest in blockchain and cryptocurrencies. The company has great growth potential in Russia, and I’m looking forward to playing my part in helping it grow, as managing director in Russia and CIS”.
Yandex Money refuels for payments at the pump
Yandex.Money, Russia’s leading online payment service, released a new application Yandex.Gas.
The app allows drivers to pay for fuel remotely without the need to leave their car and having to stand in line at the cash register. It’s a project in cooperation with Mastercard payment system and LICARD company (a subsidiary of PJSC LUKOIL).
LUKOIL gas stations in Moscow are already available in the app, and in the nearest future it will be supported at all 2250 gas stations of the LUKOIL network in Russia. According to the data provided by Autostat, LUKOIL stations are used for filling up by 46.2% of Russian drivers. Further on, the service will be available at other gas stations.
With geolocation enabled, the application shows the closest gas station. The driver needs to select the pump number, the amount of fuel or the sum one would like to fill up for. Payment can be made with Yandex.Money e-wallet or by Mastercard. Yandex.Gas app can remember the card data, so there’s no need to enter the relevant data manually every time. The service is commission-free — the user only needs to pay for the cost of fuel, with all discounts and special offers available at the gas station being valid. Additionally, the LUKOIL loyalty cards can be easily added to the application in order to accumulate points online.
Stratumn partners French insurers on blockchain experiment
Stratumn, the leading provider of consortium blockchain technologies reinventing inter-business relationships, announces today the completion of a blockchain experimentation connecting 14 insurance companies in France.
Built in partnership with the French Federation of Insurers (FFA) and with the support of professional services firm Deloitte, this project, which is now in its testing phase, aims at streamlining inter-insurers information flows in the context of the new French regulations on customer mobility (Hamon Law).
Stratumn leveraged its expertise of consortium blockchain networks and cryptography to work alongside French insurers and Deloitte in testing new insurance mobility processes to comply with new legal requirements. Insurance mobility is the process by which consumers switch carriers, and is subject to various regulations covering the insurance sector.
