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Selftrade customers will be among the first in the UK to have access to a new internet share dealing service from their mobile phones.
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Italy’s PosteMobile says that Gemalto has provided a software solution that allows BancoPosta customers to securely carry out payment transactions with their mobile phone. Both PosteMobile and BancoPosta are part of the Poste Italiane Group, which hope to take advantage of their unique position in the convergent mobile and banking worlds.
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PayNET Recruitment recently read a report by CGAP (Consultative Group to Assist the Poor). The report is so thorough that I had difficulty editing it down without leaving large and highly relevant tracts of information out. As such I have decided to publish the report in three different issues which break down as ‘Observations’, ‘Uncertainties’ and ‘Predictions’ as set out in the original text – below is part two of our three part series – ‘Uncertainties’.
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Global POS interchange fees increased 140% between 2000 and 2006, to $64bn (€48bn). This massive growth in POS interchange fees was mainly fuelled by a phenomenal increase in payment card purchase expenditure worldwide and increased interchange rates in the USA, and occurred despite reduced interchange rates in Australia, Europe and elsewhere.
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Innovision Research & Technology has launched an NFC/RFID tag platform offering up to 2Kbytes of memory. This new IC platform allows RFID and NFC integrators to select the optimal tag for their application performance and price requirements. It is intended to meet demand for high volume, small size, lower cost RFID/NFC tags for integration into smart objects, providing a family of devices finely tuned to their specific application requirement.
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