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Apple Pay struggling to gain bank support outside US
According to several reports over the weekend, Apple is struggling to get the same level of support for its payments brand Apple Pay, outside of the US. Apple is alleged to have begun to contact financial institutions in Ireland and the UK ahead of a possible rollout of its Apple Pay technology later this year, [...]
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ACH volume increases to 23 billion payments in 2014
ACH volume grew to almost 23 billion electronic payments, an increase of almost 5%, or 1 billion transactions, over 2013 volume, according to new statistics released by NACHA — The Electronic Payments Association. A total of more than $40 trillion was transferred over the ACH Network last year, increasing more than 3% compared to 2013. [...]
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Massive drop in number of unbanked says World Bank
From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20% to 2 billion adults, says a new report from the World Bank. “Access to financial services can serve as a bridge out of poverty. We have set [...]
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Card fraud increases as stolen cards used once every 20 seconds
British businesses were hit by card fraud once every 20 seconds in March, with Worldpay warning that small businesses are likely to have been hackers’ biggest targets. Worldpay saw over 133,000 fraudulent transactions worth £10 million reported in March alone, leaving businesses out of pocket as fraudsters purchased goods and services using stolen card details. [...]
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TNS set to accelerate UnionPay acceptance worldwide
Transaction Network Services (TNS) has launched a new global card scheme gateway which will enable merchants and banks to quickly and easily connect with UnionPay for authorization and processing of in-store payment transactions. Banks, processors and merchants wishing to accept UnionPay cards will be able to use the TNS Scheme Gateway to access UnionPay’s processing [...]
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