Blockchain

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/Blockchain

China emerges as a growth market for non-cash payments

China is fast catching up with the US and Europe as a growth market for non-cash transactions, according to the latest edition of the annual World Payments Report from The Royal Bank of Scotland, Capgemini and Efma.

/Blockchain

Virtual world banker steals customers' interstellar kredits to pay off real debt

The CEO of a bank in virtual world Eve Online has stolen in-game currency worth thousands of real dollars from his customers and traded it in for proper cash on the black market.

/Blockchain

China bans use of virtual cash for trade in the wider economy

China has banned the use of virtual currency in the trade of real goods and services in a bid to limit its possible impact on the financial system.

/Blockchain

Facebook begins testing virtual payments system

Social networking site Facebook has begun testing its much-anticipated virtual currency payments system with third party application GroupCard.

/Blockchain

RZB CEO Walter Rothensteiner to deliver keynote at EBAday 2009

The Euro Banking Association and Finextra are calling for community input on the agenda for EBAday 2009 in Vienna, Europe's premiere payments exhibition and conference.

/Blockchain

Lloyds TSB creates innovation stockmarket

Lloyds TSB has introduced an internal artificial currency and stockmarket in ideas in a bid to foster an innovation culture at the UK bank.

/Blockchain

Second Life introduces euro currency exchange for virtual residents

E-payments specialist GlobalCollect and DX Exchange have teamed to enable residents of virtual world Second Life to exchange euros for in-game Linden dollars online.

/Blockchain

Alternative payment methods stealing market share from bank cards online - study

Consumers shopping online are increasingly turning away from traditional financial institution-controlled credit and debit cards to embrace cash-based alternative payment options, according to an analysis by US-based Javelin Strategy & Research.

/Blockchain

EC sets out e-money legal framework

The European Commission (EC) has set out proposals for a legal framework governing the issuance of electronic money which it hopes will accelerate take-up of the technology.

/Blockchain

E-Gold brings in KPMG to beef up AML programme

Digital cash transfer outfit E-Gold has retained KPMG to help improve its anti-money laundering (AML) programme following a criminal case that saw directors plead guilty to charges relating to money laundering and the operation of an illegal funds transfer business.

/Blockchain

MasterCard issues 20 millionth PayPass device; foresees shift away from cash

MasterCard has marked the issuance of its 20 millionth PayPass device with a consumer survey that indicates a growing acceptance of contactless payments as a replacement for hard cash.

/Blockchain

Ukash goes mobile

Digital cash outfit Ukash is partnering with Vodafone to offer its debit and credit card alternative via mobile phones.

/Blockchain

Hi-tech gang indicted on card fraud and laundering charges

The Manhattan District Attorney has indicted 17 individuals and one corporation on multi-million dollar fraud charges related to global trafficking in stolen credit card numbers, cybercrime and identity theft.

/Blockchain

Sparter sets up virtual currency exchange

California-based start-up Sparter has released a beta exchange platform designed to enable global 'Gamer2Gamer' (G2G) trading of virtual currencies.

/Blockchain

Visa and MasterCard aim for contactless transport

Visa and MasterCard have unveiled seperate plans to install contactless payment technology in New York taxi cabs and at airport car parks.

/Blockchain

Germany's Wirecard Bank opens in Second Life

Germany's Wirecard Bank has become the latest financial services firm to establish a virtual branch in 3D online universe Second Life and says it also plans to set up shop in science fiction game Entropia Universe.

/Blockchain

UK banks to face low-cost challenger for contactless payments

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.

/Blockchain

European market for pre-paid cards set to soar

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.

/Blockchain

ECB proposes new legal framework for card schemes

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.

/Blockchain

Fraud watchdog calls on government to extend legislation to virtual money

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.