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MoneyGram and Visa introduce Cash-to-Visa Card Money Transfer Program

May 11, 2010 - MoneyGram International and Visa Inc., announced today the launch of MoneyGram's first cash-to-Visa card program enabling consumers to transfer money from MoneyGram locations in the United States directly to the Visa accounts of recipients outside of the United States. At launch, the

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Money transfer services is the “next big thing” in the mobile phone industry

Following the huge success of M-Pesa in Kenya, Vodafone has begun piloting its mobile money transfer service in the Pacific nation of Fiji. M-Pesa launched in Kenya in 2007 and now has over seven million subscribers in the country. It has since been introduced in Afghanistan, Tanzania and, most re

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China Union Pay is ready for smart card mobile payments business

Based on the issuance of Changsha Resident Card, China UnionPay joins hands with China Unicom to launch the smart card mobile payment business in Hunan. It is an effective product carrier for CUP mobile payment business available in both physical card and mobile financial smart card. The issuance vo

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Antitrust: Vice President Almunia welcomes Visa Europe’s proposal to cut interbank fees for debit cards

European Competition Commissioner Joaquín Almunia welcomes proposed commitments by Visa Europe to significantly cut its multilateral interchange fees (MIFs) for debit card payments. The MIF is a bank-to-bank fee collectively fixed by Visa Europe's member banks for card payments that is ultimately

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VISA to Acquire CyberSource to Accelerate eCommerce Growth

Visa and CyberSource Corporation announced yesterday that they have entered into a definitive agreement for Visa to purchase CyberSource, a leading provider of electronic payment, risk management and payment security solutions to online merchants at a price of $26.00 per share, or total consideratio

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MasterCard investeste in solutii de plata care sa conduca la cresterea vitezei de procesare

15 aprilie 2010 - MasterCard WorldWide a anunţat lansarea Laboratoarelor MasterCard, o iniţiativă globală de cercetare şi dezvoltare, ce îşi propune să aducă pe piaţă soluţii de plată inovatoare, cu o viteză de procesare a tranzacţiilor mult mai mare, comparativ cu produsele dis

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MasterCard launches online shopping mall

MasterCard Worldwide announced a three-year exclusive alliance in the payments space with Next Jump, Inc., a next-generation e-commerce company, to revolutionize the online shopping experience. "Our new alliance with Next Jump will allow MasterCard to make game-changing advances in the online chann

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European Payments Council documents

SEPA Credit Transfer and the reason code for non-acceptance by the Beneficiary Bank After 2 years of SCT processing in the SEPA Credit Transfer world, the EPC has been informed that in the case of returns and rejects, there is a trend that the real reason code for returning a Credit Transfer is n

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China overtakes Japan as world’s second largest ATM market

China has recently overtaken Japan to become the world's second biggest market for ATMs, with over 200,000 machines scattered around the country, according to a report from Retail Banking Research (RBR). The number of ATMs in the country has more than doubled over the last four years, and yet its

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EPC defends Sepa Direct Debits against consumer fraud allegations

4 March, 2010 - The European Payments Council has hit out at accusations by consumer groups that customer protection and security procedures are being undermined by the roll-out of the new Sepa Direct Debits (SDD) scheme. The Bureau Européen des Unions de Consommateurs (BEUC) has warned that the

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