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Mobile app use sees emergence of cashless society
Half of European adults with access to a mobile device such as a smart phone or tablet computer expect to use mobile payment apps over the next 12 months, according to an international study of more than 14,000 consumers. While one third (33%) of Europeans have already used a mobile payment app, which allows the [...]
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European ATM crime incidents fall 26%
In a European ATM Crime Report covering the full year 2014 EAST (European ATM Security Team) has reported that ATM related fraud incidents fell 26% when compared to 2013, although related losses were up 13%. EAST reported a 26% decrease in ATM related fraud attacks, down from 21,346 in 2013 to 15,702 in 2014. This [...]
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PayPal free to work with eBay rivals
New filings reveal that eBay and PayPal will soon be free to do business with their most entrenched enemies. Under an agreement detailed in a regulatory filing from eBay, the companies will be free to do business with other marketplaces and payment providers. In other words, PayPal could one day come to Amazon. “As independent companies, we [...]
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The global mobile money landscape
The mobile money sector is one of the most fluid in the whole of the mobile ecosystem, with more players entering and exiting, new tech and services being launched or trialled. Here’s MEF’s quarterly update on the key players in the landscape. Defined by our Global Working Group it categories the ecosystem into in-store payments, [...]
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Apple Pay performance problematic at POS
Just months after Apple Pay went live, the adoption rate came in at an impressive 11% of all credit card-owning households and 66% of iPhone 6 owners, according to new research from Phoenix Marketing International among 3,002 credit cardholders. Most adopters (82%) linked a credit card to Apple Pay but over half (53%) linked a [...]
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