The Electronic Transactions Association plans to award a cash prize for innovation and launch an innovation zone on the floor of its trade show this year with the help of a grant from the Bill & Melinda Gates Foundation.

“With support from the Gates Foundation, the 2013 show will unveil the most innovative new financial products and services coming from best and brightest minds in the world,” Jason Oxman, association CEO, said in a Jan. 15 press release.

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