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FSC issues licence for online payment services

Capital Treasury Services has been granted a licence by the Financial Supervision Commission for its payment services business.

The firm has launched its Internet Payment and Cash Management Service, a business-to-business offering.

CTS managing director John Cookson says the licence will allow the firm to add to its existing suite of investment and service businesses.

In particular, he says CTS will be able to offer more to trusts and corporate service providers as well as the eGaming industry.

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