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Banks Align with Mobile Payment Service

Several new financial institutions have aligned themselves with Paym, a mobile paymentsservice launched by the UK Payments Council. Paym has been gaining more support within the financial service industry in recent months, with several of the United Kingdom’s largest banks signing up for the service. The service aims to accommodate the growing demand for mobile commerce in the UK and provides consumers with a person-to-person payment option that is mobile-centric in nature.

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