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News/Blockchain
UK-based start-up sQuidcard is to launch a low-fee alternative to the national contactless programme promised by the nation's biggest banks and credit card schemes MasterCard and Visa.
17 May 2007
Spending on pre-paid payment cards in Europe is estimated to reach US$164 billion by 2010, according to new Boston Consulting Group (BCG) research commissioned by MasterCard Europe.
11 May 2007
The European Central Bank is proposing to establish a new cross-border legal framework to oversee all card payment schemes operating in the euro zone.
03 May 2007
Governments need to extend existing financial legislation and regulations into Web-based virtual communities which are experiencing rising levels of real-life crime, says the UK's Fraud Advisory Panel.
01 May 2007
The US Department of Justice has indicted the operators of the E-Gold digital cash transfer system on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business.
30 April 2007
Online flea market eBay is facing a class action lawsuit in California over allegations that its PayPal subsidiary has sought to improperly monopolise the forms of payment that sellers can use on the auction site.
27 April 2007
Figures on the use of cash in the UK, released by the payments association Apacs to coincide with the launch of a new £20 note, show that Britons show no signs of abandoning cash any time soon. This is despite predictions from Visa of a cashless society by 2012.
13 March 2007
Transport for London says that more than 10 million Oyster smart cards have been issued since the e-ticketing system was launched three years ago, with just five per cent of journeys on the tube and bus networks now paid for by cash.
12 January 2007
More than 67 million Americans have used a credit or debit card for a purchase of less than $5 in the past 30 days, according to research conducted by Ipsos Insight and micropayments outfit Peppercoin.
29 November 2006
UK EFT firm netcash has begun marketing a new digital currency service to the retail community as an alternative to plastic card and PayPal payments.
AIM-listed Neteller, a provider of Web payments services to the online gambling industry, has appointed payments industry veteran David Gagie as president of financial services as it looks to move into the more mainstream banking markets.
11 September 2006
The company behind online science fiction game Entropia Universe - a role-playing game that has a real world cash economy - is introducing a new pre-paid card that allows gamers to deposit money into virtual accounts without having to use a personal debit or credit card.
25 August 2006
UK online payment transfer firm Neteller is launching German, French, Spanish and Italian versions of its service as well as a new payments platform, called 1-Pay, in Asia.
08 May 2006
The company behind online science fiction game Entropia Universe is launching a 'real world' ATM card that allows players to convert virtual money into hard cash that can be withdrawn at the hole-in-the-wall.
03 May 2006
US chip maker Intel Corporation has invested Y5 billion (US$ 42.4 million) in Bitwallet, the Toyko-based firm that provides the EDY pre-paid contactless electronic money system.
24 April 2006
Banks and credit card companies should consider reselling PayPal payments to merchant customers, instead of devising ways to compete with the online payments platform, according to research group Gartner.
13 September 2005
The European Commission is to revisit the E-Money Directive to address recent developments in mobile telephony and Internet payment schemes.
15 July 2005
The Bank of Tokyo Mitsubishi is to introduce broadband video conferencing between customers and staff through a network of 'Telebank' terminals at branches.
24 June 2005
Canadian e-payments processor UseMyBank has taken legal action against Bank of Nova Scotia and made a formal complaint to the national Competition Bureau over alleged 'bully-boy' tactics by the major Canadian banks in the run-up to the launch of their competing Interac Online payments service.
08 June 2005
PayPal, the e-mail funds tansfer business of electronic auction house eBay, has reported a 44% increase in the value of total payment transactions handled to $6.2 billion for the first quarter 2005.
21 April 2005
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