CGAP, a microfinance group based at the World Bank, has announced it is supporting WIZZIT Bank, a division of the South African Bank of Athens Limited, to deliver banking services to poor people in South Africa's small towns and rural areas. READ MORE »

In an article titled "Credit card companies should stay out of the debit card market", Craig McInnes writes for the Vancouver Sun about the costs to merchants of payment card acceptance. He discusses both the costs of rewards cards to merchants as well as a concern that replacing Interac debit cards would also increase costs to merchants. According to McInnes, "that would drive up the price of everything we buy."

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