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Is a cashless society the shape of things to come? Many predict a world without physical money, where people are prepared to carry out all their banking transactions through mobile devices. But few are willing to completely do without personal interaction with advisors. These were findings of a recent study conducted by GFT Technologies. As [...]

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SecureTrading, the UK’s leading independent payment processor, has joined forces with FEXCO to deliver Dynamic Currency Conversion (DCC), as it targets a broader range of international markets. The new partnership combines FEXCO’s innovative multi-currency offering, which enables international customers to buy items online using their native currency, with SecureTrading’s reliable and secure payment gateway. The [...]

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Consumer adoption of mobile payments will deliver wide-ranging benefits for the UK economy, according to a new report published today by the Centre for Economic and Business Research (Cebr). The study, commissioned by Zapp, predicts that 20 million adults will use their mobiles to pay for goods and services by the end of the decade, [...]

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In a further blow to online and digital currencies, one of the co-founders of Liberty Reserve, which was abruptly shut down by the US government in May, pleaded guilty “to money laundering and operating an unlicensed money transmitting business” on Thursday. Vladimir Kats was arrested in May for his alleged involvement in running the Costa Rica-based [...]

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Regional powerhouse Citibank Hong Kong and local mobile network operator 3 Hong Kong have launched the 3 Citi Wallet, an NFC mobile wallet for customers of the carrier who also have a Citibank Visa credit card as the contactless competition space hots up. To complete a purchase, they sign in to the 3 Citi Wallet app [...]

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