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January 17, 2006

Multichannel Merchant: NRF Blog

Multichannel Merchant is blogging the National Retail Federation trade show currently underway in New York City.

BillMonk: Social Money

BillMonkJohn Cook of the Seattle Post-Intelligencer blogs about BillMonk, his "startup of the week".

BillMonk's initial service, a hybrid of social networking and personal finance, offers the ability to track (via the website or using mobile phone SMS) what the founders call "social money" - informal debts between friends and family.

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Japan: Big Market For Mobile Phone, Credit Card Linkup

Japan FlagAsahi Omori reports for Kyodo News on predictions that 2006 will be the year when mobile phones and credit cards will be joined together in Japan.

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UK: Credit Card Spending Declines

UK FlagRupert Jones reports for The Guardian on Visa UK data that shows a drop in credit card spending in the UK during 2005 as consumers appear to be shifting their purchase activity increasingly to debit cards.

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China: Consumer Credit Database Established

ChinaPeople's Daily Online reports from China that Chinese banks have completed a database that links up information on consumer credit - "a major move to better manage risks and cultivate a credit culture."

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Africa: Kenyan Banks Switching To Smart Cards

Kenya FlagAllAfrica.com reports on plans by card issuing banks in Kenya to switch to smart cards in an effort to control fraud and ease consumer interactions at the point of sale.

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VIsa Says RBA Interchange Cuts Slow Bank Investment

Australia FlagThe Age reports from Melbourne, Australia on comments by Visa Australia head of public affairs Bruce Meagher that Australia is lagging behind in its implementation of smart cards partially because of the earlier decisions of the Reserve Bank of Australia regarding interchange fees.

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Western Union Signs Exclusive Agreement with Travelex

Western Union Financial Services has announced an exclusive global agreement with Travelex, the world's largest non-bank foreign exchange payments company, whose locations will now only offer the Western Union Money Transfer service.

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