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Federal Reserve to Launch Real-Time Payments System called FedNow by 2024

The U.S. Central Bank will embark on its biggest investment in payments since becoming an ACH operator more than forty years ago. FedNow will be an interbank real-time gross settlement service (RTGS) with integrated clearing. It will support 24/7 real-time transfers of up to $25,000 between any banks in the U.S. and will be available

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Over 44 Percent of Online Payments in the UK are Made via Mobile

According to data from Adyen based on client transaction data, more than 27 percent of online payments made in the first quarter of 2015 were made using a mobile phone or tablet. The United States is slightly below the global average in terms of the share of online payments made from a mobile device while

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Optimal Payments to Combine Digital Wallets Neteller and Skrill following Acquisition

In late March Optimal Payments, the company behind the e-wallet Neteller, reached an agreement to acquire one of their primary competitors, Skrill, for €1.1 billion ($1.2 billion) in a reverse-takeover deal. Both companies offer digital wallets and payment services while both are also well known in Europe and in the online gaming and gambling markets.

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Establishing Trust Online: Trust and Security Seals Around the World

In today’s online environment with breaches, hacks, data compromises, credit card theft and fraud, conveying to a site visitor that your website is safe and secure is important for building trust, closing sales and making new customers. An effective way of accomplishing this is through third party verification with a security or trust seal, and

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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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