International money transfer service Western Union has stopped its service to many currency exchange stores in the coastal enclave over concerns about money laundering, [Palestinian Monetary Authority Governor Jihad] al-Wazir said.
According to the mass media nearly 60 credit institutions will join the united payment and service system of the universal electronic card by the end of the next year.
A new service has been introduced in the Tbilisi International Airport — the Minister of Internal Affairs of Georgia, Vano Merabishvili, was the first who tested the work of the new electronic gate.
External & Public Relations Department of the Bank of Russia announced that as of December 26, 2011 the volume of the monetary base (narrow definition) was 6810.0 bln rubles
How does disruption happen in mature industries?
Clayton Christensen famously wrote about this phenomenon in his classic book «The Innovator’s Dilemma.»
Over the three quarters of 2011 the number of non-cash transactions made with cards issued by the Ural Bank for Reconstruction and Development grew by 66%.
External & Public Relations Department of the Bank of Russia announced that as of December 23, 2011 the volume of international reserves of the Russian Federation totaled 503.0 bln US dollars.
Sequent Software, a leading provider of near field communication (NFC) software and services, has launched an NFC services platform that lets any mobile operator, card issuer, or application developer deliver a rich mobile payment consumer experience.
Citigroup today announced that its Global Transaction Services unit is expanding its premier cross-border payment solution, WorldLink Payment Services (WorldLink), into eight new countries for local payments.
Chinese legislators are considering new visa rules that would introduce fingerprinting of foreigners wanting to work or study in China, according to the official China Daily newspaper.
In what may be its most devastating attack since HBGary, the Anonymous hacktivist collective rooted the database of security intelligence firm Stratfor to plunder a claimed 200 gigabytes of data.
In Jan-Nov 2011 as compared with Jan-Nov 2010 the number of Anelik money transfer transactions grew by 50% to 1,405,088 transactions, while their amount grew by 14% to $951.5mln.
Retailers can now easily access the pre-built integration between WorldPay and IBM WebSphere Commerce to dramatically reduce implementation time and costs.
An increasing number of well-heeled travelers will be celebrating their Christmas holidays in Europe this year, according to the latest findings from the affluent segment of the Visa Global Travel Intentions Survey 2011.
Nokia has launched its Nokia Money service across India. The service allows customers to use their mobile phones as a wallet that can be used to make payments, without actually requiring a bank account.
