MasterCard announced that its rePower service that transforms cash into electronic money on a prepaid account was recently launched in Europe. The cash reload service which is provided by CQR Payment Group is now available in the UK with other European markets to follow in coming months.

“By enabling cash electronification to take place at a far wider range of merchants or online, MasterCard is creating a series of environments where prepaid can be disruptive to the normal flow of cash in our society and where those people bound to cash can take advantage of the security, convenience and control offered by prepaid," said Matt Lanford Head of Prepaid at MasterCard Europe .

In the App Stores:

• Discover Mobile App Now Uses Passbook to Redeem Cashback Bonuses

On the web:

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• ORCC Jumps On The Mobile Bill Payment Bandwagon - MobilePaymentsToday.com
• Jumio bags 20 new identity and payment verification clients in US and Europe - Pando Daily
• How Coinstar’s New Kiosks Puts Change Right In Your PayPal Account (Video) - VentureBeat
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• Balanced Is In A Dogfight For Peer-To-Peer Marketplace Payments - Pando Daily
• Rakuten Rolls Out 'Smartpay' Mobile POS Solution in Japan - Tech In Asia

On the wires:

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