This exists, more or less, in online bill payment systems that can run on BlackBerries.
"Africa has the most advanced cell-phone-based payment systems using simple text, " Mr. Palella says.
Last year, 130 million accounts were stolen from a payment processing company, Heartland Payment Systems.
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The Fed has the ability to shutdown specific parties from payment systems, those sources explained.
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In 2010, 130 million accounts were stolen from a payment processing company, Heartland Payment Systems.
For some people, notably the merchants and payment systems players involved, this sounds like a good thing.
The result in turn is a range of mobile wallet payment systems in Austria, France, Turkey and elsewhere.
Insurers could qualify if they created programs to manage chronic diseases, for example, or new payment systems for doctors.
Corruption in payment systems - such as waiving fees or falsifying insurance documents.
Facebook continues to bring order to the wild and woolly landscape of virtual currencies and payment systems on its social network.
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In some ways, it will be less difficult with the integration of gold into the financial system already through electronic payment systems.
They see little difference between Bitcoin and conventional payment systems like PayPal.
The ideal is to integrate it as a service into your satnav systems and with the phone payment systems now being introduced.
The continent has, at a pace far outstripping the west, adopted mobile payment systems in huge numbers - more than 15 million in Kenya alone.
The major impediment to adoption of low-cost payment systems is "centered around consumer attitude and motivating consumers to change their habits, " said Snyder.
There has been speculation the government will unveil multi-billion pound tax breaks for low-income families, through the tax credit and winter fuel payment systems.
New technologies and payment systems have made it possible for nonprofits to benefit from micro donations that had previously been too costly to process.
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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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Citi and SWIFT have continued their evolution of the payment systems.
If they can convince consumers that these payment systems are better than those offered by the large financial institutions, "we can be successful, " she said.
The panel is trying to determine why electronic-payment systems are largely married to 1970s payment technology, which comes at great costs to businesses and consumers.
That has required the app companies to negotiate licensing agreements, and to begin the technical work of making their programs interact with the payment systems.
And that excludes the upheaval to the banks' own payment systems.
Better Than Cash (formerly the 20% Initiative), a program to introduce electronic and mobile payment systems to developing countries to facilitate the distribution of aid resources.
The impetus is likely to come from operators, such as Turkey's Turkcell, which see it, along with other mobile payment systems, as an additional revenue stream.
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But the industry has been looking for ways to better integrate payment systems, and other startups like Boku and Social Gold, have also been working on this.
Led by Jack Dorsey, who helped set up Twitter, Square has pioneered mobile-payment systems for smartphones, but it has rivals in this fast-developing market, including Google and PayPal.
Already major payments providers like Visa are pushing Near Field Communications (NFC) payment solutions hard - a raft of contactless payment systems is beginning to hit the market.
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Riskier products could be bundled and sold more efficiently because of new electronic payment systems, and in combinations reaching a greater range of buyers, increasingly far from the original loan.
The ring-fence structure makes a distinction between the bits of banking that need saving (deposit-taking banks, payment systems and the like) and the bits that do not (bonus-gorging investment bankers).
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