e-money


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e-money

(1) See digital coins.

(2) (E-Money) An earlier Web payment processing service from E-Money, Inc., Washington, DC that allowed merchants to process credit cards and initiate direct transfers from customer checking accounts. It was the first to provide direct access to the Automated Clearing House (ACH). See Web payments service.
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Terry joined a number of other high calibre hires who have brought with them a wealth of e-money and financial technology experience, including Marketing and PR Manager Heather Gray who is a corporate communications and marketing specialist in the payments sector.
According to RSwitch, the new interoperability platform will support and allow for e-money transfers between Rwanda's mobile network operators allowing end customers to directly get the money into their mobile wallets no matter what mobile network they are subscribed to.
Digital services such as e-money accounts and digital wallets with linked debit and prepaid cards are emerging as popular alternatives to traditional banking.
Indonesia-based state-owned lender, PT Bank Mandiri, has said that it is expecting an increase in the use of e-money services.
Facebook to operate the e-money service throughout Europe using
After charging their account, users can make purchases by presenting their smartphones to a salesperson, who uses an E-money Terminal to read barcodes that appear on the customer's smartphone screen, which quickly processes the transaction.
The law also incorporates new provisions for e-money, enacting stricter reporting requirements for all e-money transactions greater than 100[euro] (approximately $129).
Unlike a general pre-paid card, the e-money card cannot be loaded by the card holder.
The new agreement extends the use of the E-money card to Emirates NBD ATMs for various services related to salary withdrawals and money transfers.
The European Commission has issued a reasoned opinion requesting from Cyprus, Belgium, Spain, France, Poland and Portugal to conform with the latest Directive on e-money.
As part of the changes, BNB's credit registry will now collect information not only on bank customers, but also on e-money and non-banking financial institutions that issue loans.
PRE-paid card users will no longer risk being left out of pocket as tough new e-money regulations have come into force this week.