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Global banking group HSBC is to launch an NFC wallet with four Hong Kong-based mobile carriers in 2014, according to The Standard. Those carriers are HKT, CSL, SmarTone Telecommunications Holdings and China Mobile Hong Kong. The wallets will enable HSBC customers to store their HSBC-issued credit cards on Android-based NFC-capable smartphones issued by the mobile operators. [...]

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Only 13% of Americans believe bank systems are capable of preventing another banking scandal, according to a poll of over 2000 American consumers. 35% suggest that with some investment, they might be in a better position to ward off the next crisis. But 51% say it will take major investment to sort out the systemic [...]

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The European Central Bank (ECB) has announced the creation of the Euro Retail Payments Board (ERPB). This new entity, which replaces the Single Euro Payments Area (SEPA) Council, will help foster the development of an integrated, innovative and competitive market for retail payments in euro in the European Union. The ERPB’s composition and mandate will [...]

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MasterCard, eServGlobal and BICS have announced the formation of HomeSend remittance, a joint venture (JV) which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The HomeSend JV will leverage the current HomeSend platform, a remittance hub based on eServGlobal technology [...]

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PayPal announced it has acquired StackMob, a backend-as-a-service company that helps developers easily implement features in mobile apps. You can, for example, use it to add social network logins and push notifications to your app. StackMob will join PayPal’s core engineering team to help refresh its platforms, which should help when it comes to developing future [...]

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