The forces of capitalism have continually allowed the introduction of new and innovative uses of technology that further simplify various facets of everyday life. This rings true in the recent announcement of several financial technology innovations by financial technology company Psi-Pay.
Over the last two years, Psi-Pay has been able to post a 30% growth in their overall business. Much of this recent growth has been attributed to the introduction of new technologies that consumers, particularly those of the millennial generation, have loved and adopted swiftly.
The most recent technological innovations in the financial industry have been those of digital wallets and wearable devices. Both of these technologies share some similar benefits; however, there are some key differences as well. Both digital wallets and wearable payments devices offer an additional level of security and fraud protection compared to more traditional payment methods such as cards and physical wallets. The fraud protection on these new devices has allowed fraudulent activity only to affect less than 1% of transactions.
The new contactless payment ring that will be released shortly in global markets has been made possible by a business partnership between Psi-Pay and Kerv Wearables. Psi-Pay is one of the leading regulated financial technology companies in the United Kingdom. Kerv Wearables is another leading company that focuses on wearable technology. Innovations in near field communication have allowed the creation of clothing and jewelry that is possible to link specialized technology to. In some instances, individuals have been able to replace their physical wallets with these devices entirely.
In comparison to digital wallets, the new contactless payment ring has allowed users to make financial transactions with any merchants that typically accept MasterCard payments. Additionally, users of the new technology can also deposit funds to their bank as well as make PayPal transactions. There are plans by Kerv Wearables to further develop the technological capabilities of these new payments devices to include applications in industries such as data sharing as well as access control. The adoption of these devices is still relatively low however recent polls have shown that up to one in four individuals in Europe have plans to make use of these new devices.
Eric Pulier is a man of many talents, he is a go getter and a very successful individual, most of all his work is not just for the success of his own life but for the benefit of others. Pulier is not only a top Technology entrepreneur but is also a founder of over fifteen companies, he is an author of the publication Understanding Enterprise SOA, a public speaker, a technologist, he contributes as a journalist to newspapers and magazines and he is a philanthropist. Pulier extremely busy for work individual and still manages to be a loving father to his four children.
Eric Pulier graduated from Harvard University with a Bachelor in American Literature and English and is ranked Magna Cum Laude, a title given to top honor students. During his time at the University he wrote a column called PulierLeg for The Harvard Crimson and was also an editor. Just three years after graduating he started his first company, People Doing Things, a firm that focused on educational medical technology. Pulier is very passionate about children and their illnesses. He worked with the Multiple Sclerosis Society and has even worked with Steven Spielberg, Norman Schwarzkopf Jr. and Peter Samuelson in leading the effort that created Starbright World, a private social network just for ill children where they can chat and post content, making it possible for ill children to connect to other children who may share similar experiences. He also serves on the board of a summer camp for children with chronic illness called The Painted Turtle. To learn more: https://ideamensch.com/eric-pulier/ click here.
Eric Pulier has raised millions of dollars for other companies he has founded and co-founded, including Digital Evolutions, Media Platform, Desktone and many more. He has also invested in charitable organizations and is an active investor for numerous start up companies in media technology. Pulier has always shown a dedication to philanthropy and helping the less fortunate.
Currently Pulier resides in Los Angeles, CA and serves on the board of the Innovation Board of the XPRIZE Foundation. XPRIZE is a incentivized prize competition that pushes the limits in order to make great and better changes in the world. Some of the greatest minds remain untapped but ready to engage and given the incentive of competition brings out the best. It is believed that competition brings out the best in human mind.
Skout is a social app whose primary objective is connecting people. They help people meet new people and expand their social circle. Skout currently spans over 180 countries and is available in 14 languages. It can be downloaded on Android, IOs, and Windows devices. It was established in 2007 and has its head office in San Francisco. Skout is currently the largest global mobile network for meeting new people. Headed by Christian Wiklund, Skout is backed by 22 million dollars from investors. One of the investors is Andreessen Horowitz, who has just acquired nightlife app Nixter.
Nixter and Skout have integrated to bring more services to their users and also to make their loyalty stronger. Their integration is seen as a way of combining offline and online interaction in Skout’s app. While Skout focuses on helping people meet and make friend with strangers Nixter helps people find upcoming night events in their town, buy tickets and see the guest lists and book VIP accommodations. Nixter was founded two years in Santiago Chile, and it now operates in San Francisco New York and Los Angeles. Nixter will now be integrated into Skout although it will remain as a separate app.
Skout used their app to review 12 months of data among 18-24-year-olds who use their app to reveal the top ten friendliest college towns in America. It looked at college towns across the United States to uncover places where youngsters frequently engage with new people using their app. Madison Wisconsin, Los Angeles California and New York City, were among the three top-ranked friendliest towns. Ironically America’s college town, Boston, which is famous for having over 100 colleges and universities, was ranked at number 12 on skouts friendliest college town list. Boulder, Colorado had the friendliest college guys while the friendliest university ladies are in Madison Wisconsin. On the other hand, the freest college age adults are in Los Angeles.
The study found that making friends in college is much simpler with 57% percent saying it’s easier to make friends in college than high school while 79 % of the college students stated that they made real friendships within a week in of being on the campus. Many colleges made most friends in the classroom and significantly college students also consider their roommate as friends. The survey was conducted in August 2015 among, 2,523 skout users to come up with the results.
Learn more about Skout