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Bit by Bitcoin: Decrypting the crypto-currency phenomenon
Such is the fervour around virtual currencies that barely a day goes by without some form of news or announcement about the growth and threat of digital currencies but what is the reality behind the scaremongering? And how much of a threat or opportunity is the growth of these new forms of digital money? At [...]
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Over €100 million of payments initiated via MyBank
PRETA S.A.S. announced today that the growing take-up of MyBank by consumers and businesses has started to translate into a significant pick-up of the value of transactions initiated via MyBank. In late April 2015, MyBank passed the mark of €100 million in transaction value. While MyBank had been processing transactions for a total value of [...]
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ACI commits to expansion of UK Faster Payments
ACI has signed a Letter of Commitment in support of the UK Faster Payments Scheme’s New Access Model, to operate as both ‘single tenant’ and ‘multi-tenanted’ aggregator. Launched in December 2014, the New Access Model is designed to broaden access to the Faster Payments Scheme, ensuring real-time payments are widely available to UK consumers and that [...]
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Visa Inc offers $20 billion for Visa Europe
Visa Inc is rumoured to be in early-stage talks to buy its former European subsidiary in a deal that could be worth as much as $20bn, people familiar with the matter said on Friday. The world’s largest electronic payments company has tried buying Visa Europe before but failed to reach an agreement with the more than [...]
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New European payments processor Nuapay launches
According to press reports, Irish payments group Sentenia has launched a service called Nuapay that will offer businesses a non-bank alternative for payment processing. This follows legislation introduced by the European Commission making it possible for non-banks to obtain a Payment Institution licence. Nuapay is a cloud-based service that manages direct debit and credit transfer payments [...]
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