Russia’s government is drawing up plans to develop a national payment system that could be up and running by 2014.
PayPal unveils new Send Money application
PayPal has launched a new Send Money application for the iPhone that enables users to transfer funds between PayPal accounts and set reminders for recurring payments.
CUP launches card product in Japan
China UnionPay (CUP) has joined forces with Japanese credit card company Mitsubishi UFJ Shinpan Card to issue a Yen-denominated credit card in Japan on the CUP network.
FDIC steps in after US credit card issuer fails
Advanta Bank Corp., the troubled issuer that focused on credit cards for small businesses, has been closed by the Utah Department of Financial Institutions.
MBNA to stop credit card cheques in UK
Monoline issuer MBNA has decided that it will stop sending its UK customers credit card cheques from the end of March 2010.
Santander Brasil forms merchant acquiring JV
Santander Brasil, a subsidiary of Santander Group, has formed a merchant acquiring joint venture with GetNet in Brazil.
Elite card rolled out in Canada
Canada’s BMO Bank of Montreal has launched a new MasterCard product that will provide cardholders with ‘elite’ benefits.
China UnionPay in tie-up with PayPal
China UnionPay (CUP) has entered into an agreement to allow its customers to shop online using PayPal, in a move that will open up international e-commerce to Chinese consumers.
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