Second Menu

NEWS

CEE joint venture to provide merchant payment services

Erste Group Bank AG (Erste Group) has entered into an agreement with Global Payments to establish a joint venture providing merchant acquiring and payment processing services (merchant payment services) to retailers in the Czech Republic, Romania and Slovakia. Upon completion of the transaction and pending regulatory approvals, Erste Group will sell 51% of its merchant acquiring businesses in the three… Continue reading >>

Visa Inc. re-ignites talks to buy Visa Europe

Visa Inc. has confirmed it is in talks to reunite with former subsidiary Visa Europe in a deal that would give the global company more scale to compete with rival MasterCard. Shares of Visa, which also reported a better-than-expected quarterly profit as its US customers spent more, rose as much as 7.5% to $77.11 in extended trading. PCM reported in May… Continue reading >>

First Data to IPO

First Data has taken its initial step towards a multibillion-dollar listing. First Data filed its paperwork for an IPO on Monday, but gave few details on the upcoming deal. The filing said it could raise $100m in the offering, but this was a place holder amount that is certain to change and no underwriters were listed. KKR will continue to control the company after… Continue reading >>

NCR shares surge on $9bn PE buyout rumours

Thoma Bravo has been speaking to some of its largest private equity investors about putting together a bid for NCR Corp that could value the ATM maker at around $9 billion, including debt, according to people familiar with the matter. Thoma Bravo is also in advanced talks with close to a dozen banks about securing debt financing for a bid for… Continue reading >>

BNP Paribas joins CHAPS Payment System

CHAPS Co. the UK’s same day high-value electronic payment system, has announced the addition of BNP Paribas as a Direct Participant onto its system.   As a Direct Participant, BNP Paribas can now directly send and receive irrevocable, guaranteed sterling payments with same day finality, rather than through a third-party. Its customers will also benefit from enhanced payment security and… Continue reading >>

Payments in the spotlight at RBTE 2016

RBTE, Europe’s largest retail solutions gathering will be putting an even greater focus on the topic of payments for its 2016 event. Since its launch RBTE has been the leading merchant facing payments exhibition with over 40 retail payments specialists exhibiting and a dedicated payments conference theatre as part of its overall offering. In 2016 however RBTE will have a… Continue reading >>

Walmart India in deal with M-Pesa

Vodafone India has formed a strategic partnership with Walmart India that will enable business members of Walmart-owned Best Price wholesale stores to make payments using the M-Pesa mobile wallet services. The partnership will enable business members of six Best Price modern wholesale stores, owned and operated by Walmart India, to make payments using Vodafone’s M-Pesa mobile wallet service from their cellphones anywhere, anytime…. Continue reading >>

Antitrust: Commission sends Statement of Objections to MasterCard on cross-border rules and inter-regional interchange fees

The European Commission has sent a Statement of Objections to MasterCard. The Statement of Objections outlines the Commission’s preliminary view that MasterCard’s rules prevent banks from offering lower interchange fees to retailers based in another Member State of the European Economic Area (EEA), where interchange fees may be higher. As a result, retailers cannot benefit from lower fees elsewhere and… Continue reading >>

Giesecke & Devrient receives Visa certification for HCE

Giesecke & Devrient (G&D) has been certified “Visa Ready” by Visa for HCE (Host Card Emulation) cloud based payment services. With the Visa Ready status, Visa ensures that technology and service providers develop and deploy products and services that are compatible with Visa’s requirements. G&D’s data center in Canada has received Visa Ready certification as a provider for cloud based… Continue reading >>

Visa ditch Monitise

Monitise has been notified by Visa Europe that it will reduce its shareholding over time while continuing to work with the Company throughout the duration of its current commercial agreement. Visa Europe has been a beneficial shareholder in Monitise since October 2011. Visa Europe currently holds 115,750,000 shares, which represents 5.3% of Monitise’s issued share capital. Monitise and Visa Europe… Continue reading >>