Eftpos

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Wallaby iPhone app tells users which card to use for best deals

US personal finance start-up Wallaby has launched an iPhone app that tells users which credit card they should use in which shop in order to get the best rewards.

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Worldwide mobile payments volume to hit $1 trillion by 2017 - IDC

More than a trillion dollars will be spent around the world using mobile devices by 2017, according to IDC Financial Insights, although this will still represent only a drop in the commerce ocean.

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Pocket money goes digital with pre-paid card for eight-year olds

A British start-up is encouraging parents to ditch cash and take pocket money into the digital age, offering pre-paid cards to children as young as eight which can be used online, in-store and at ATMs.

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PayPal goes after Oz and Amsterdam high streets

In its latest incursions into the high-street, PayPal has begun testing two different mobile-based payments systems, one in Australia and another in Amsterdam.

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BofA first bank to take on Square

Bank of America Merchant Services has become the latest in a long line to launch a clone of Square's app and dongle-based system for turning smartphones into card readers.

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German cabbies trial Payleven

Square clone Payleven has struck a deal with Taxiverband Berlin Brandenburg (TVB) to trial its app and dongle-based mobile card acceptance technology in Berlin cabs.

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Discover trials Natural Security biometric payments

Discover Financial Services is working with French outfit Natural Security to pilot a system which combines biometrics and contactless cards to enable customers to pay with their fingertips.

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CIBC and Rogers unveil mobile payments service

Canadian bank CIBC and telco Rogers have roped in Olympic gold medal-winning triathlete Simon Whitfield to carry out the country's first NFC mobile credit card payment.

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Hong Kong's Hang Seng Bank preps NFC m-payments system

Hang Seng Bank and MasterCard are preparing to roll out a contactless mobile payments service in Hong Kong during the first half of next year.

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Kazakhstan bank ships diamond-encrusted credit card

Kazakhstan's oligarchs now have a novel new way to flaunt their wealth, with the launch of a solid gold, diamond-encrusted Visa credit card.

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IZettle arrives in Germany

Swedish start-up iZettle, which provides technology that turns mobile phones into payment terminals, has teamed up with DZ Bank and Deutsche Telekom to launch its service in Germany.

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PayPal axes 325 jobs

PayPal is laying off around 325 full-time staffers and severing ties with another 120 contractors as new boss David Marcus embarks on a "product simplification" programme.

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Telecom Italia and Intesa Sanpaolo begin Milan mobile NFC pilot

Telecom Italia has begun a contactless mobile payments trial in Milan, enabling participants to buy goods in shops, pay for travel on public transport, and access information on posters with a wave of their NFC-enabled handsets.

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Square arrives in Canada

Square has finally made it over the border, launching its app and dongle-based system for turning mobile phones into card acceptance devices in Canada.

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French shoppers trial biometric payments

A group of French banks, IT firms and retailers are trialling a point-of-sale system that combines biometrics and contactless cards to enable customers to pay with their fingertips.

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MasterCard and Banca Monte Paschi Belgio launch dual debit-credit card

MasterCard and Belgium's Banca Monte Paschi Belgio have unveiled a dual debit and credit card which also includes a display screen for passcodes that secure online payments.

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AmEx invests in iZettle; O2 launches PINpad for mobile payments

Swedish start-up iZettle, which provides technology that turns mobile phones into payment terminals, has expanded its series b funding round with the addition of American Express.

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Sainsbury's pilots 'mobile scan & go'

UK supermarket giant Sainsbury's has begun trialling a service that lets customers scan items as they shop using their phone and pay at the till without unloading their trolley.

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Citi Hungary introduces contactless stickers

Citi has begun offering its Hungarian customers MasterCard PayPass stickers that can be attached to phones and used to make contactless payments.

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Isis confirms 22 Oct launch date

Isis, the mobile commerce joint venture set up by a group of US telcos, has confirmed that it will launch in two test markets on Monday.