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Economy & Finances

MasterPass Digital Payment Platform launches in Italy

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Retailers on board include: Mediaworld, Trenitalia and Vodafone Banca Sella makes the service available to 3,500 online retailers, among them Aruba BNL, BNP Paribas Group bank pilots readiness for launch early in 2014 With a population of 14 million online buyers, and purchases using mobile devices (smartphones or tablets) up by 255% in 2013 to EUR 510 million[1], the Italian market is experiencing steady e-Commerce and importantly m-Commerce growth which makes it ripe for an innovation like MasterPass. With MasterPass, consumers, don’t ... Read More »

MasterCard introduces Payroll Card Standards

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The payroll card standards require employers and payroll card providers to offer cardholders greater insight on how to access their pay through educational resources and increased transparency of any fees. Additionally, the standards ensure the employee has a fee-free way to access their pay and check available balances. “Payroll cards serve as one way to bring the traditionally underserved into the financial mainstream,” said Ron Hynes, group executive, Global Prepaid Solutions, MasterCard. “These standards will help ensure that employees n... Read More »

World leading parking provider, Vinci Park, ensures its migration to SEPA with Worldline’s expertise

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Vinci Park selected Worldline for its flow management capability and the extensive functional coverage of its SEPA solution "Payment Suite", for simplified adoption of SEPA instruments: Limited impact on tools and on processes Simplified migration of existing mandates Re-use of existing payment files Fast implementation As a partner, Worldline is able to offer several remote and POS electronic mandate signature solutions and meets European certification requirements at the highest level. These solutions can be adapted to client jou... Read More »

Europe’s banks need €110 billion to keep credit ratings

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The report comes just weeks before the European Central Bank will begin its 'stress tests' of Europe's banks in early 2014 to assess how robust their capital positions are. Credit ratings dictate how easily a bank can borrow on the financial markets. "Banks' capital generation and positions relative to regulatory requirements diverge widely, and our analysis also reveals significant differences in the quality of capital among the top 50 European banks," said the agency. Meanwhile, banks in Portugal, Italy, Spain, Greece and Ireland, accou... Read More »

New EIB £500m loan to Transport for London provides further support to Crossrail

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Jonathan Taylor, European Investment Bank Vice President said: “The European Investment Bank has supported key transport infrastructure across the UK for many years. We are pleased to provide significant support for the latest step in Crossrail’s development, by backing new trains and maintenance facilities. This follows a billion pound loan for the tunnels provided five years ago. Crossrail will transform transport connections across Europe’s largest city and bring economic benefits to both London and the South East. The European Investment Ba... Read More »

CommBank, MasterCard and Samsung Collaborate to deliver future of mobile payments to customers

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The CommBank offering has been made possible by a convergence of hardware, software and mobile banking technologies, which leverage Mobile MasterCard PayPass technology and Samsung’s global NFC payment infrastructure which processes transactions using the CommBank app on Samsung GALAXY S4 (i9505 and i9507) smartphones sold in Australia. Today’s launch extends CommBank’s lead in the mobile banking and payments space, following the release of its enhanced CommBank app this week. “As Australia’s leading technology bank, we have successfully dri... Read More »

New mortgage rules to be properly enforced EU-wide

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MEPs endorsed the deal struck with EU member states because they are satisfied that the European Banking Authority will be able to investigate an alleged breach of the rules, or failure to implement them, and ask the competent authorities in the member states for any information enabling it to do so. The legislation will cover mortgages on residential property, residential property including an office space and building land. The measures were approved by 596 votes to 31, with 65 abstentions. ... Read More »

MasterCard: Independent designers across Latin America and the Caribbean Embrace the “Cashless” Society

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As part of its vision of moving toward a world beyond cash, MasterCard presents three new merchant testimonial stories from its global campaign, Cashless Pioneers, highlighting the impact that electronic payments have had on the lives of small business owners and their businesses. Independent designers in Latin America and the Caribbean (LAC) represent a growing number of micro-businesses in developing economies that are adapting to meet the increased customer demand for more efficient and convenient ways to buy and pay for things. These busine... Read More »

The Bank of Moscow, S7 Airlines and the Visa global payment system present a co-branded card

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The S7-The Bank of Moscow-Visa card is the first offer of the Bank of Moscow that was elaborated with international partners. It combines all the advantages of the Visa Classic and Visa Gold credit and debit cards and has a modern eye-catching design. Owners of the new cards will automatically become participants of the program S7 Priority and will have an option to collect bonus miles while making daily purchases with the card and also flying with S7 Airlines, the partner-airlines and enjoying services of other numerous partners of the S7 P... Read More »

Simplify Commerce and Web.com work together to make accepting payments easy for merchants

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Web.com serves more than 3 million small business customers ranging from restaurants and retail shops to service providers such as consultants and plumbers, and more. The company has engaged Simplify Commerce to provide the merchant account and payments gateway for their ‘Take-a-Payment’ service, which is targeted at small business owners and non-profits who want to offer consumers the ability to pay invoices, pay service fees, or make donations via the web site at any time. Simplify Commerce, released by MasterCard earlier this year, makes ... Read More »

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