Payment cards, though they bear little similarity to fan paraphernalia, operate on the same principle.
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The Commission said payment cards were of "crucial importance" for cross-border and internet payments.
However, the more payment cards become like the five dollar bill, the less thought we give to that service.
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The Australian tax authorities, too, have cracked down on the use of payment cards to draw money from offshore bank accounts.
Today, even with mobile POS technologies, people still swipe their payment cards.
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Of course, ubiquity can lead to commodity, and the more widely used payment cards get, the harder it is to differentiate between them.
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Discussions are also under way with the train operating companies that serve London about accepting contactless payment cards where Oyster is currently accepted.
"Our team in Cyprus have told us that ATMs are working as normal and shops and restaurants continue to accept payment cards, " a spokesman said.
Payment cards with buttons may be coming to your wallet soon.
As part of the deal, PayPal will issue payment cards to its more than 50 million active users in the United States over the next year.
As many as 900 colleges are pushing students into using payment cards that carry hefty costs, according to the U.S. Public Interest Research Group Higher Education Fund.
However, smartphone manufacturers will be hoping that enhanced credit cards will be quickly replaced by NFC - near-field communication - alleviating the need for physical payment cards altogether.
As part of the Discover deal, PayPal will issue payment cards to its more than 50 million active users in the United States over the next year.
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Later this year Visa will launch V.me, an app that allows user to store the details of several payment cards in their phone and then use them to make NFC payments.
This was, after all, why banks and merchants stopped issuing their own plastic payment cards about 50 years ago and went instead for the shared models of American Express, MasterCard, Visa, etc.
Starting with Bank of Scotland's operation of payment cards for Marks and Spencer, a retail chain, they have shattered the old convention that English and Scottish banks did not compete on each other's turf.
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Coupled with a security chip to encrypt data, it promises to transform a wide range of consumer experiences from simple ticketing to the Holy Grail of replacing your cash and payment cards with just your smartphone.
As a result, many people no longer think of credit, debit, or prepaid as a service: people view payment cards as objects, with all of the iconic power that an object has when it becomes so ubiquitous.
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According to Jeffrey Green of PaymentsSource, Atlas Payment Processing in San Jose, California and Maxx Payment Processing in Denver, Colorado both offer a way to use payment cards for in-person transactions via a PIN-based countertop terminal.
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Telkom's introduction of pre-payment cards for home telephones, sold everywhere from petrol stations to village shops, eliminates the risk that poor customers will not be able to pay their bills, and improves the firm's cashflow into the bargain.
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She added that when the bank discovers such an attorney, it immediately disables him from receiving payment via credit cards issued by that bank.
One initiative is payment via prepaid cards.
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But the research also shows that tip size is affected by the size of the dining party (larger groups tip more), the method of payment (credit cards yield higher percentages than checks or cash), and by the amount of alcohol consumed (not surprisingly).
Stores may offer incentives to shoppers who use alternative forms of payment such as debit cards or PayPal.
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If there becomes reason to question that value, people can switch from dollars to gold currency (most easily through electronic payment systems like debit cards).
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The process of accepting credit or debit cards as payment is quite complex, although retailers point out that they absorb this cost in their sale price.
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The Bank of China Group, which already has a secure online payment system for Visa cards, is developing another system for BOC's Great Wall card, as well as Visa and Mastercard.
Now that Matt Blaze has released his report, everyone should be paying attention because my experience is that it will not be very long before technically-savvy activists begin to retaliate, just like they did against major bankcard facilities in reaction to the shutdown of WikiLeaks ability to accept credit cards for payment.
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Debit cards have gained market share in aggregate transaction volume at the expense of credit cards since they offer similar payment convenience and rewards benefits without the interest due on outstanding balances that is typical of credit cards.
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Imagine if every U.S. bank used a different electronic payment process for its bank cards and accounts.
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