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China calls for Internet front to fight hacking, cyber ‘arms race’

December 16, 2015May 15, 2017 publisher bangkok, broader-efforts, china, conference, cyberspace-arms, flow, king, preside-over, sawitta, southeast

By Paul Carsten WUZHEN, China (Reuters) – China's President Xi Jinping laid out his vision for the Internet on Wednesday, calling for a new status quo where Internet sovereignty rests in the hands of nations controlling the flow of information. “Each country should join hands and together curb the abuse of information technology, oppose network surveillance and hacking, and fight against a cyberspace arms race,” Xi told China's second World Internet Conference. Since Xi took China's helm in early 2013, he has presided over a centralization of domestic Internet governance and broader efforts to control, and often censor, the flow of information online, experts say.

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‘Fintech’ expansion lures foreign banks to Israel

December 16, 2015 admin better-solution, broader-efforts, china, employee-works, flow, hospitality, israel, possibility, sawitta, southeast, the-hospitality, the-possibility, venture-capital, works-at-citi

By Tova Cohen TEL AVIV (Reuters) – A five-minute chat with an executive from Israeli start-up MyCheck was enough to spark the interest of Mariano Belinky, managing partner at Banco Santander's venture capital division. After more formal follow-up meetings, the Spanish bank made its first foray into Israel, investing an undisclosed sum in MyCheck, which develops customized mobile payment apps for restaurant chains such as The Cheesecake Factory. With many clients in the hospitality sector, Santander was intrigued by the possibility of providing “a new and better solution for our clients,” Belinky told Reuters at a financial technology (fintech) event hosted by Santander in Tel Aviv last month.

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Australia banks agree Android Pay deal, Apple Pay still frozen out

December 16, 2015May 15, 2017 publisher accept-payments, better-solution, broader-efforts, california, first-half-2016, flow, giant-struggles, israel, mobile-devices, sawitta, the-possibility, westpac-banking

By Swati Pandey SYDNEY (Reuters) – Big Australian banks have agreed to accept payments made on mobile devices using Google Inc's Android Pay, leaving Apple Inc's rival Apple Pay system out in the cold as the tech giant struggles to coax lenders to accept its terms. Banks including Westpac Banking Corp , ANZ Banking Group and Macquarie will accept contactless payments via Android smartphones when Google rolls out the service in first-half 2016, the tech giant said on Wednesday.