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TIS Americas, Allied Payment Network team on mobile bill payments

Top Image Systems, a provider of enterprise content management and business process management solutions, and a mobile imaging platform provider, has forged a long-term transaction-based deal with Allied Payment Network to implement MobiPAY, TIS’ self-service mobile bill payment application, within PicturePay, Allied’s mobile photo bill pay solution. Allied provides online and mobile bill payment services to financial institutions including banks… Continue reading >>

Oberthur Technologies acquires NagraID

Digital security specialist Oberthur Technologies has signed an agreement to acquire display card manufacturer NagraID Security. Oberthur will acquire a 100% equity stake of NagraID Security from the Kudelski Group and the company’s management. NagraID Security develops and markets powered display cards to secure access to the cloud, primarily for companies operating in the field of financial payments, authentication and… Continue reading >>

Square to extend cash advance service

mPOS player Square is extending its small business cash advance financing programme after securing investment from Victory Park Capital. The Square Capital programme is aimed at small businesses using its Square Register technology, meaning they do not have to go through an application process. Instead, Square analyses the processing volume and history data it holds on its users to determine… Continue reading >>

Heartland acquires mPOS firm Leaf

Payment processor Heartland Payment Systems has acquired Leaf, a US-based mPOS start-up. Financial terms of the deal were not disclosed. Heartland initially paid $20 million for a majority stake in Leaf in September 2013 but has now bought the remaining minority interest. The acquisition shows how the fast-moving mPOS market is heating up, following the news earlier this week that… Continue reading >>

Venture capital funding for payments on the wane

Despite a slew of funding rounds for payment industry start-ups over the last few years, venture capital providers are backing away, according to data from CrunchBase. The research firm found that the number of venture-backed payments companies has declined from a high of 59 start-ups in the third quarter of 2013 to just 41 in the second quarter of 2014…. Continue reading >>

ACI Worldwide acquires anti-fraud specialist ReD

Global payment solution vendor ACI Worldwide is to acquire UK-based payment fraud prevention outfit Retail Decisions (ReD) for $205 million in cash. ReD’s suite of products includes solutions for merchants and payment service providers, issuers and acquirers, processors and switch networks. According to ACI Worldwide, the ReD acquisition is another step forward in capitalising on the growth in online and… Continue reading >>

RS2 signs top global payments processor

RS2 Software, the company behind the comprehensive, high-performance and high-availability card management solution BankWORKS, has announced a major license and services agreement with a global payments processing company. The comprehensive license and services agreement allows the global payments processor access to the full BankWORKS suite of products including its Core, Issuing and Acquiring modules. The total comprehensive value of the… Continue reading >>

Powa Technologies acquires MPayMe to expand global footprint

Powa Technologies Group has announced the acquisition of Hong Kong-based mobile expert MPayMe in a move that will vastly increase its global reach and provide a leading payment solution for the retail, telecoms and utility industries. The merger between the two privately held companies will see Powa Technologies and MPayMe operate as a single global entity under the Powa brand… Continue reading >>

Visa and MasterCard will continue to operate in Russia

Visa and MasterCard plan to continue to operate in Russia, following compromise agreements with the Russian government in the wake of the sanctions imposed on the country due to the ongoing Ukraine/Crimea tensions in the region. Following the imposition of economic sanctions against Russia in March this year, Visa and MasterCard both stopped processing card transactions for certain Russian banks…. Continue reading >>

SEB sells card acquiring operations to Nordic Capital

Swedish bank SEB is to sell its card acquiring business Euroline to private equity player Nordic Capital for SEK 2.2 billion. Euroline, which acquires Visa, MasterCard and Diners Club transactions and is a major e-commerce player in the Nordic region, handled volumes of around SEK 100 billion in 2013. SEB has issued nearly four million cards under brands such as… Continue reading >>