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SumUP and payleven agree merger as mPOS market consolidates

27 Apr 16 @ 12:19

As the inevitable consolidation of the European mPOS market begins, SumUp and payleven  announced a merger which will see the combined company operate under the name SumUp. The companies, currently... read more

MasterCard set to close £1bn Vocalink deal

22 Apr 16 @ 16:45

MasterCard is reported to have entered exclusive talks to buy Vocalink as it bids to capture a greater share of UK debit card payments from Visa. Sky News initially reported that the... read more

Visa Inc amends Visa Europe deal

22 Apr 16 @ 16:00

Visa Inc, following feedback from the European Commission has been forced to change the terms of its acquisition of Visa Europe. Under a deal struck in November, Visa Inc was set to pay... read more

Reserve Bank of New Zealand select SIA for new RTGS system

19 Apr 16 @ 15:21

The Reserve Bank of New Zealand (RBNZ) will replace its current Exchange Settlement Account System (ESAS) with an Real-Time Gross Settlement (RTGS) operating on a standalone IT infrastructure that incorporates substantial... read more

Payment M&A booming in Europe

12 Apr 16 @ 12:09

Payment M&A activity in the payment acceptance space is at an all-time high in Europe, both in terms of liquidity and valuations. Recent activity is being driven by three trends:... read more

TSYS closes TransFirst acquisition

05 Apr 16 @ 09:38

TSYS announced it has completed its acquisition of TransFirst, a leading US merchant solutions provider. TransFirst and TSYS’ existing merchant businesses will be combined under the TSYS brand to create... read more

Chase Bank Kenya rolls out aggressive African strategy with OpenWay

18 Mar 16 @ 10:07

Chase Bank Kenya, an innovative and fast-growing bank with an ambitious strategy across Africa, has successfully migrated its full card portfolio to the OpenWay WAY4 payment software platform from Electra... read more

ACI and Verifone to deliver Pan-European payments platform for Auchan

18 Mar 16 @ 09:46

ACI will partner with Verifone to deliver a comprehensive pan-European payments platform for Auchan Group, one of Europe’s largest food retailers. Auchan relies on ACI’s market-leading, omni-channel UP Retailer Payments solution... read more

Powa Technologies sells business units under administration

03 Mar 16 @ 15:58

Failed e-commerce software Unicorn Powa Technologies,  sold two of its divisions  today as it seeks to save jobs after entering administration in February. Deloitte, which was appointed as administrator of the... read more

TSYS deal for card issuers and merchants to combat fraud

01 Mar 16 @ 12:29

TSYS announced an agreement with Ethoca, a provider of collaboration-based technology that enables card issuers and e-commerce merchants to stop card-not-present fraud, recover lost revenue and eliminate chargebacks. Launched through... read more

Live @ MWC: Homesend platform extends reach

25 Feb 16 @ 11:52

PCM interviews Stephen Doyle, CEO of Homesend to discuss what going on in the remittance market.

Wirecard acquires Brazilian online payment service provider

22 Feb 16 @ 09:26

Wirecard has acquired all shares of the Brazilian company Moip Pagamentos S.A. (MOIP). Moip Pagamentos , with more than 150 employees at its location in Sao Paulo, is a fast... read more

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Takeover talk swirls as PayPal’s valuation slumps

24 Feb 26 @ 12:45

After a bruising year on the public markets, PayPal has become the subject of early-stage takeover interest, underscoring how sharply sentiment has shifted arou... more

Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more