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(9 April 2010 – Global) PayPal has claimed that its PayPal Mobile iPhone app has been downloaded one million times in less than three weeks, claiming consumers are ready to live a cash-free culture.
(7 April 2010 – UK) Experian, a global information services company, has launched an information sharing scheme, Commercial CAIS, where all major creditors engaged in commercial lending will have to start sharing details of credit commitments undertaken by both limited and non-limited businesses, as well as how they are performing on them.
(7 April 2010 – USA) The Bank of America announced last week that all of the its ATM’s in the country have been equipped with voice-enabled technology giving visually impaired customers access more than 18,000 Bank of America ATMs, the largest network of bank-owned ATMs in the US.
(29 March 2010 – Global) A new application has been added to the iPhone’s ever growing list, however not all applications need government approval like My Eyes Only, where users can store important documents including bank account details and even passwords.
(25 March 2010 – USA) banksimple has announced plans to launch later this year, using existing financial providers’ processes as its platform.
(25 March 2010 – USA) Wells Fargo & Company and Visa Inc. have announced the rollout of Rapid Alerts for Wells Fargo Visa credit cardholders. The free service allows consumers to better manage and track their spending while providing them with near real-time detection of potentially fraudulent activity.
(17 March 2010 – Australia) The chief executive officer of Online Business Network Ecademy, Thomas Power, has said that Facebook has the potential to wipe out the traditional banking industry if it moves aggressively into the peer-to-peer lending market.
(4 March 2010 – Australia) Bendigo Bank has announced the opening of its 1000th ATM at the institution’s franchised Coleraine Community Bank in Victoria’s west, as the bank awaits regulatory approval on a proposed ATM sharing agreement with Suncorp Bank.
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