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IBM to create blockchain-based digital payments infrastructure for central banks
IBM is rumoured to be considering adopting the underlying technology behind bitcoin, known as the blockchain, to create a digital cash and payment system for major currencies, according to a person familiar with the matter. The objective is to allow people to transfer cash or make payments instantaneously using this technology without a bank or clearing party [...]
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Alipay and PPRO collaborate on alternative payments for AliExpress in Europe
The PPRO Group, will collaborate in Europe with Alipay to offer new payment options for online shoppers of AliExpress, a global online marketplace for consumers to buy directly from Chinese businesses. Alipay provides secure, trustworthy and convenient online and mobile payment services. Through the collaboration with The PPRO Group, shoppers are offered familiar alternative payment [...]
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Apple Pay consumer adoption study
Auriemma Consulting Group (ACG) have launched its Apple Pay Tracker, a longitudinal study that will monitor adoption and usage of the mobile wallet throughout 2015. The study, comprising bimonthly surveys of 3,000 iPhone 6 and 6 Plus users over the course of the year, will illuminate Apple Pay’s impact on payment providers, retailers, and other industry [...]
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Relentless rise of ID fraud
Experian has revealed that fraud detection rates have increased during the past year*, with around 50 frauds now being detected per 10,000 cases during Q4 2014 – compared to 40 frauds detected per 10,000 cases in Q4 2013. Experian’s annual fraud report also reveals a marked shift in the level of third-party or identity theft – when [...]
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UK shuns cash as cards dominate payment market
The way we pay for everything is changing, with more digital transactions than ever before. But how close are we to the tipping point? This weekend saw the end of... more
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