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Yandex.Money Purchased by Russia’s Largest State-Owned Bank

Towards the end of 2012 Sberbank, the largest state-owned bank in Russia, purchased 75 percent stake in the online payment service Yandex.Money which was valued at $60 million. Yandex, the most popular search engine in Russia, was seeking investors as they were unable to expand the fast growing online payment service on their own. Read

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Global Growth Expected in Mobile Commerce and Mobile Fraud

A recent survey finds that many consumers want more opportunities to use mobile wallets in-store while online mobile commerce transactions continue to grow as well. Meanwhile several industry and investment analysts are predicting strong years for companies well positioned in the mobile payments market, along with large growth for mobile payments in general. Read More

 
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Anonymous Warns They Will be Active in 2013, but McAfee Report Predicts their Decline

Over the final weekend of 2012 hacktivist group Anonymous released a video and statement that they will be busy in 2013 citing the notable attacks that occurred over the last year while warning of the operations they are continuing and the new ones they are planning for this year. While the group vows to continue

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