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Bitcoin could be considered legal tender in Australia

Australia’s tax commissioner has indicated that the bitcoin digital currency could be considered legal tender in the country. Several countries around the world are struggling over whether to classify bitcoin as a currency or as a commodity. Speaking at an event last week, the Australian tax commissioner, Chris Jordan, stated there was a push by some proponents to have bitcoin… Continue reading >>

Ukash partners with Singapore’s YuuPay

Global online cash payment provider Ukash has partnered with YuuPay, the Singapore-based payment service provider. The agreement will enable around 400 merchants already using the YuuPay system in Asia, Australia and Europe to offer online transactions with Ukash. YuuPay offers payment processing of transactions for merchants across Asia Pacific, Japan, the US and Europe. Ukash enables consumers to use cash… Continue reading >>

Apple’s digital wallet patent references ‘virtualised currencies’

With tech giant Apple positioning itself to enter the mobile payment space, interest has been piqued by a recent digital wallet patent application that has just been made public. The patent application reveals the back-end architecture for a versatile mobile ‘omni-wallet’, which also references ‘virtualised currencies’. The back-end patent application outlines a digital wallet system that can handle digital debit… Continue reading >>

GoCoin brings bitcoin to 1,000 businesses

Digital currency processor GoCoin has announced a partnership with Apriva, a major payment processor, to enable bitcoin payments for more than 1,000 clients of Apriva. GoCoin is the first payment gateway solution designed from the ground up to support both bitcoin and emerging altcoins at checkout. According to GoCoin, merchant acceptance is vital for the long-term growth of bitcoin and… Continue reading >>

Visa Checkout e-commerce solution at nearly 4m US online retailers

Visa has announced that its Visa Checkout e-commerce service is now available at nearly 4 million US online retailers. The Visa Checkout service incorporates a ‘Checkout’ button into retailer websites, both online and mobile. Large retailers such as Neiman Marcus, Pizza Hut, Staples and United Airlines have announced they would be using the service. Now, Visa has concluded several agreements… Continue reading >>

Westpac to integrate Moven in internet banking

New Zealand’s Westpac Bank will integrate its online banking platform with start-up Moven’s mobile money management tool to enable customers manage their money through their smartphones, tablets or desktop. Moven, which is positioning itself as a branchless bank, provides downloadable bank accounts for customers. Westpac customers will be able to track their spending through real-time mobile receipts that will be… Continue reading >>

Twitter and Stripe work on ‘in-tweet’ e-commerce purchases

Micro-blogging site Twitter is reportedly linking up with payments start-up Stripe to launch an ‘in-tweet’ e-commerce purchase feature, enabling users to enter payment information without leaving the site. Twitter is reportedly planning to add buttons within tweets that say ‘buy’, or similar, while businesses that want to sell inside tweets will have to sign up with Stripe to access the… Continue reading >>

eBay considering PayPal spin-off – report

Online auction house eBay is considering selling its PayPal unit next year, according to media reports. Tech site ‘The Information’ stated that during interviews for the vacant position of president of PayPal, candidates were informed about the potential sell-off. eBay has been coming under sustained pressure from investors and shareholders to sell PayPal, with notable investors like Carl Icahn claiming… Continue reading >>

A cashless future? CNN speaks with Payments Cards & Mobile

Payments Cards & Mobile is one of the featured contributors to a new CNN article examining new cashless payment technology including contactless cards and mobile payments. The article, which is part of CNN’s ‘Future Finance’ series, looks at how new ways of paying and spending are leading to a rise in cashless transactions. The area that’s currently seeing the biggest… Continue reading >>

PayPal launches One Touch mobile check-out

PayPal has launched a new mobile ap product, One Touch, for merchants and app developers. One Touch has been built in conjunction with eBay unit Braintree, and is modeled on Braintree’s Venmo Touch product. Venmo offers a social app enabling users to quickly send money to each other, then cash out to a bank overnight. Venmo Touch was introduced as… Continue reading >>