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Skrill to acquire Ukash

Skrill Group has announced that it has signed an agreement to acquire Ukash[ii].  On completion, this acquisition will add scale and reach to Skrill Group’s rapidly growing paysafecard, one of Europe’s most popular, proven and secure prepaid payment solutions for purchasing online, making the company a global force in secure online payment. Since its launch in 2000, paysafecard has provided a… Continue reading >>

Discover Financial sues Visa over anti-competitive PIN practices

Discover Financial Services is suing Visa Inc , alleging the largest cards company has been using anti-competitive practices in its debit card business, and sought compensation for lost profit, court documents showed. Discover, through its Pulse Network LLC unit, alleges that “in order to maintain its monopoly, Visa has undertaken a series of illegal actions that undermine competition – harming rival debit networks,… Continue reading >>

Coinbase partners RewardsPay for iTunes bitcoin payments

RewardsPay has opened its payments platform to Coinbase enabling online shoppers to use bitcoin for purchases at iTunes and Facebook. RewardsPay’s service lets people use the cash rewards they get from credit card companies, hotels, airlines and retailers to make online purchases. Coinbase is taking advantage of the firm’s integration with major merchants to expand the pool of sites where… Continue reading >>

McDonald’s deploys NFC mobile payments Softcard

Softcard (formerly Isis Mobile Wallet) has won its first big deal with McDonald’s announcing a union between the two companies, bringing NFC mobile payments to roughly 14,000 McDonald’s restaurants. “We are pleased to announce this national launch after a successful pilot program that began in 2013. Our work with Softcard further reinforces McDonald’s commitment to customer service and convenience,” said Anja… Continue reading >>

Apple Pay pricing + T&C’s revealed for US banks

According to the term sheet, which was picked up by equity analyst at Keefe, Bruyette & Woods, Sanjay Sakhrani, Apple Pay will receive 15 basis points (0.15 percent) per credit card transaction, as well as a half a penny for each debit transaction. The contract also stipulates that issuers must make available at least 95% of the cards in their… Continue reading >>

MasterCard to acquire TNS payment gateway business

Transaction Network Services (TNS), a portfolio company of Siris Capital Group since February 2013, has entered into an agreement to sell its payment gateway services business to MasterCard for an undisclosed sum. MasterCard will acquire TNS’ eCommerce and card-present payment gateways, which will become part of the DataCash payment gateway suite. With the addition of TNS’ Payment Gateway Services, DataCash will be… Continue reading >>

Apple Pay activates 1 million credit cards in first 3 days

Timothy Cook, Apple CEO, has revealed that 1 million credit cards were activated on Apple Pay in the first three days that the mobile wallet went live, the New York Times reported. The CEO made the statement during a tech conference in Laguna Beach, California. Apple made deals with many merchants, including Whole Foods, Walgreens, McDonald’s, Macy’s and Nike. Some retailers… Continue reading >>

FIS completes acquisition of Clear2Pay

FIS, the world’s largest provider of banking and payments technology solutions announced it has completed its acquisition of Clear2Pay. The transaction brings new corporate payment solutions and services, inclusive of high- value and cross-currency corporate payments, payments managed services, and payments processing utilities that will further bolster FIS’ payments portfolio across all geographies. “This acquisition is another example of FIS’ commitment… Continue reading >>

eBay and PayPal to split in 2015

In an unsurprising move, despite best efforts to keep the companies joined, eBay announced it will split its PayPal unit into a separately traded company in 2015. The separation will bring in two new leaders. Devin Wenig, eBay Marketplaces president, will become the new CEO of eBay. Dan Schulman, president of the American Express Enterprise Growth Group, will serve as… Continue reading >>

SIX and BNP Paribas Fortis launch new POS and acquiring services

BNP Paribas Fortis and SIX Payment Services (SIX) are entering into a unique partnership, targeted to acquiring services to merchants of all sizes and industries in Belgium. BNP Paribas Fortis and SIX will be providing merchants with comprehensive payment solutions, from payment terminals to acquiring services. It is the intention to be the first real alternative in the Belgian market… Continue reading >>