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Since January, consumers in China are able to receive remittances through the Western Union Money Transfer service from abroad in minutes at select Bank of China branches and sub-branches throughout the country. Western Union’s cash-payout services to friends and families in China may be arranged at nearly 500,000 locations in 200 countries and territories, including more than 8,300 [...]

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“Everything changes but change itself. You cannot step twice into the same river, for other waters and yet others go flowing ever on,” observed Heraclitus of Ephesus (circa 535 – 475 before common era). This certainty is the live bait that provokes analysts to release imagination and engage in scenario building to explain how, in [...]

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North American IT spending growth is rising steadily and is expected to be 4.5% higher in 2015. Growth will drop slightly in 2016 as IT spending by North American banks reaches US$64.8 billion, an increase of 4.2%.  In a report, Celent examines, analyses, and contrasts the IT spending patterns of US and Canadian banks. North American [...]

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CHAPS, the UK’s same day high-value payment system operator, has reduced CHAPS participation fees by 50% for existing and prospective low-volume Direct Participants. This restructuring of its funding model honours a commitment that CHAPS made in August 2014, making it more cost effective for low-volume participants. The change specifically lowers barriers to access for new [...]

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With only nine months until the EMV migration deadline, retail and technology professionals are still unprepared, according to a recent survey by ACI Worldwide. The survey of 200 retail industry professionals was conducted in January 2015 at the National Retail Federation’s 104th Annual Convention and Expo, “The Big Show,” in New York. Principle findings of [...]

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