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EC migration plans would ‘derail the entire Sepa project’ – EPC
The EC will "effectively derail the entire Sepa project" if upcoming regulatory intervention on migration end dates does not include deadlines for phasing out national schemes, says the European Payments Council. Earlier this year the European Commission outlined plans for a potential formal proposal for a regulation establishing end dates for euro credit transfer schemes [...]
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Global SCO market grows by 23% in 2009
The results of the 2010 edition of the annual Global EPOS and Self-Checkout study, published by RBR (www.rbrlondon.com/retail), show that the number of self‑checkout (SCO) terminals reached 111,400 by the end of 2009. The report also shows that the number of SCOs installed worldwide increased by 23% during 2009, despite the adverse effects of the [...]
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September bounce in consumer spending lifts weaker Q3 growth according to card expenditure data
Consumer spending on cards rallied in September providing a strong end to an otherwise weaker quarter, according to Visa Europe’s UK Expenditure Index. Card spending grew year-on-year for the fifth successive quarter, although the pace of expansion was the slowest of 2010 so far. The rate of growth at 7.9% for Q3 compared with a [...]
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European Payments Council – m-payments
The European Payments Council (EPC), has released a new white paper on aligning m-payments with SEPA and exploring how mobile payment services can be delivered through cooperation between service providers active in the banking industry and the new players emerging in the mobile ecosystem. Focusing on mobile contactless card payments, where the mobile device needs [...]
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Case Study – GCash
Globe a leading telecommunication company in the Philippines launched Gcash, their m-commerce service, which transformed a mobile phone into a wallet. With its launch in October 2004, GCASH has effectively given Globe’s mobile phone subscribers access to a cashless and cardless method of facilitating money remittance, donations, loan settlement, disbursement of salaries or commissions, and [...]
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