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MasterCard to enable person-to-person money transfers via mobile device
July 24, 2008
FinanceTech: Since 2001, MasterCard cardholders have had the ability to send each other money from a bank branch, an ATM or a PC using MasterCard's MoneySend service, which runs on MasterCard's card-authorization network. But a new option to originate transfers via text message from cell phones may make person-to-person payments more popular.
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