CLS turns to vendors for cash injection

TECHNOLOGY NEWS

NEW YORK -- Vendors who want to stay up-to-date with Continuous Linked Settlement Services (CLS) and use its brand mark to market their related products will have to pay an annual fee of £2,500 ($3,825) from August, said a spokesperson at CLS in London.

Information services for CLS -- scheduled for launch in October this year -- have until now been free of charge. "We've been looking closely at our costs and can now only focus on those who'll pay for it," said the spokesperson. "It's a commer