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MasterCard to use authenticating biometric “selfies”

Cashless Payments, News, TechnologyBy SMI 06/07/2015

A report by news channel CNN-Money has announced that MasterCard will begin to trial the use of biometric payment authentication by approving online purchases with facial scanning. Customers will be able to scan their faces using their mobile phone’s camera – commonly referred to today as a “selfie”. The reason behind this innovation is simple:…

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Mobile cheque service expands in UK

News, TechnologyBy SMI 04/07/2015

Barclays Bank is rolling out its mobile cheque imaging service to a further 1 million customers, allowing them to process their cheques via their smartphone instead of taking them to their nearest branch. The technology allows users to take a photo of the cheque using their mobile phone’s camera, which is then used by the…

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Syria issues new 1,000-pound banknote

Banknotes, NewsBy SMI 03/07/2015

The Central Bank of Syria has reportedly issued a new 1,000-pound banknote into circulation. The note, which is the highest value Syrian banknote denomination and worth around US$5, has been issued to help improve the paper currency currently in circulation, according to state news agency SANA which quoted Governor Adib Mayaleh. The Central Bank advises…

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Bolivia upgrades 50 boliviano banknote

Banknotes, NewsBy SMI 03/07/2015

The 50 boliviano banknote has been upgraded by the Banco Central de Bolivia, the country’s central bank. The latest upgrade of the boliviano banknote is part of the new “J” series of banknotes from Bolivia. The 50 boliviano banknote was first issued in 1987 and was last upgraded in 2005. The upgraded paper banknote includes a 3mm wide…

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Myanmar releases new 10,000 banknote

Banknotes, NewsBy SMI 02/07/2015

Various online news sources have reported that the Central Bank of Myanmar has circulated a new 10,000-kyat banknote. The note, which is the highest denomination of the Myanmar banknote series and worth around US$8.70, is reported to have “improved” security features to help reduce the risk of counterfeiting. The new note will circulate alongside the…

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Tonga issues new currency series

Banknotes, NewsBy SMI 01/07/2015

On Monday the 29th June, the National Reserve Bank of Tonga issued a new series of banknotes and coins. The new currency designs replace the portrait of the late King George Tupou V with his successor and brother, King Tupou VI. The new coronation currency replaces all coins and banknotes with up to date security…

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