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MasterCard Works with Egypt's Government to Modernize Mobile Money
Mobile technology has enabled financial services in a number of African countries, and MasterCard is working to expand this model by tying it directly to a national identity program in Egypt.
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Japanese mobile app provider Line Corp. will use CyberSource's e-commerce payment services to expand the Line Pay mobile payment service by supporting more payment options. more »
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Mobile network operators have faced setbacks in mobile payments, but some experts insist they still have a place in the market. Others are not so sure. more »
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Francisco Gonzalez, who has been warning for almost a decade of the technological transformation set to engulf the financial industry, said at the Mobile World Congress in Barcelona March 4 that his bank would define itself as a software company. more »
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MasterCard and Visa are using Samsung's mobile wallet to further the adoption of tokenization and other security methods at the point of sale, but safety concerns still cast a shadow on mobile payments and commerce. more »
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A South African payments company has established a consumer-facing subsidiary in London to enable its worldwide expansion over the next few years. more »
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MasterCard has entered into an agreement with African mobile banking and payment services company eTranzact International to provide remittance services to Nigerian consumers. more »
John Newton, vice president of sales for First American Payment Systems.
First American Payment Systems is bringing another mobile point of sale system into the crowded marketplace of companies seeking small-merchant business. more »
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Samsung Electronics Co. rebooted its premium Galaxy smartphone line with the S6 and S6 Edge, featuring payment software that makes them compatible with about 90% of card readers. more »
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The London-based peer-to-peer money mover TransferWise Ltd. opened an office in New York this month, proclaiming plans to disrupt the U.S. market. But in reality, it could be more an ally than a threat to U.S. financial services companies. more »
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American retailers have struggled with mobile payments, largely because they try to reinvent the entire buying process instead of evolving what's already there. Starbucks' success is rooted in its willingness to take the easiest route time and again, an approach that is clear in how it chose to implement Apple Pay. more »
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The Bank of England will research whether issuing a digital currency such as Bitcoin would help it achieve its monetary policy, financial stability and regulatory goals. more »
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As the number of Chinese students studying abroad increases, Geoswift is building out relationships with language schools and universities to mend the disjointed process of collecting tuition payments. more »
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