Blockchain

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/Blockchain

UseMyBank slams competing bank 'bully-boy' tactics

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.

/Blockchain

PayPal grows business

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.