Myanmar's Upswing in Payment Tech a Model for New Markets
MasterCard's Antonio Corro is building a new payments system in Myanmar, a country that's springing to economic life after decades of military turmoil and political unrest.
Antonio Corro, MasterCard's manager for Thailand and Myanmar, is working to expand MasterCard's role by offering new forms of payment in these markets.
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The ATM and bank technology provider Diebold has named two executives to lead its international finance and data security offices. more »
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Visa Europe Ltd.'s full-year profit increased 30% on sharp growth of Internet payments across the continent. more »
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Mangopay, a white-label payment solution provider for marketplaces, has opened an office at Level 39, London's largest technology accelerator. more »
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Apple Pay's Touch ID is the exception, not the rule. Biometric security typically requires some type of add-on hardware, a model that has struggled to get much adoption over the years. more »
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Apple Pay has secured a dominant position at the point of sale, with two thirds of all U.S. contactless payment volume coming through Apple's new mobile wallet, according to Apple CEO Tim Cook. But this may not be the boost to mobile payments that many experts have long predicted. more »
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Mobile payment and commerce provider Mozido LLC is bringing on a former MasterCard executive as its president for global markets. more »
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If consumers, designers and artists led the discussion about how we make payments in the future, they would likely come out with a vastly different system than the one technologists are creating today. more »
Christopher Russell, CEO of Skrill.
Even in an alternative universe that exists only in cyberspace, real money is vital to the economy. Digital payments company Skrill hopes to bridge the real and virtual worlds to benefit its digital wallet. more »
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Monitise is pushing aggressively into new markets to build its profile, but mobile financial services' impact on traditional technology development is threatening the company's relevance. more »
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While banks have generally been cool to virtual currency, the technology that powers Bitcoin is of considerable interest — enough to draw millions of investment dollars from several traditional financial companies. more »
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One of the most challenging IT issues is proving ROI, establishing that a specific technology rollout had a measurable impact on business goals. But Tesco is making a powerful case for proving the ROI of 3-D technology its apparel e-commerce business used to achieve a 24% plunge in online returns. more »
Alfred Nader, vice president of corporate strategy and development at Western Union Business Solutions (WUBS), a unit of Western Union.
Across the world, startups are using digital delivery to challenge companies like Western Union and MoneyGram, a battle that in recent months has become increasingly heated. more »
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