25 January 2015

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PayPal cuts off Crimea; MasterCard opens up to Cuba

23 January 2015  | 0 comments | 5 tweets | 2 linkedin

PayPal is cutting off services to customers in Crimea in response to western sanctions related to Russia's annexation of the region last year.

With only nine months to go until the US EMV migration deadline, more than half of retailers are not ready for the switch, according to a survey from ACI Worldwide.

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Gates makes mobile banking bet

22 January 2015  | 2 comments | 43 tweets | 30 linkedin

By 2030, two billion people who don't have a bank account today will be storing money and making payment with their mobile phones, predicts Bill Gates.

Peer-to-peer lenders Funding Circle and Assetz capital are to be the beneficiaries of a new initiative by RBS to refer small business customers turned down for loans by the bank.

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Chaps lowers fees in bid to attract new members

22 January 2015  | 1 comments | 2 tweets | 5 linkedin

The UK's high value payments system Chaps has slashed 50% off fees for low volume direct participants as it responds to public pressure for fairer access from new market entrants.

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Chase ditches Windows app

22 January 2015  | 0 comments | 8 tweets | 4 linkedin

US banking giant Chase is pulling its Windows mobile app at the end of the month because of a lack of users, telling customers to access their accounts via their browsers.

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