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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 >>

Nets implements TANGO for ATM estate

Nordic switch processor Nets Group, has  announced the selection and rollout of TANGO, from payments vendor Lusis Payments. The selection of TANGO followed a comprehensive review of alternative payment solutions over a number of months. The ensuing project implemented TANGO to drive Nets’ ATM estate of withdrawal and deposit ATMs and culminated in the successful migration of more than 700… Continue reading >>

Bank of England selects plastic bank note supplier

The Bank of England has named De La Rue as the preferred bidder for the 10-year printing contract of its new plastic bank notes. De La Rue has been printing notes for the central bank since the job was first outsourced in 2003. Although a contract has not been signed, the firm is expected to get confirmation in October and begin… Continue reading >>

Barclaycard to acquire payment and loyalty specialist The Logic Group

The Logic Group has announced that it is to be acquired by Barclaycard. This includes The Logic Group’s UK and Spanish businesses, laying the foundations for a global omni-channel, managed payments service and customer loyalty group that will build on the company’s heritage as one of the most highly regarded businesses in its field. As a result of the acquisition,… Continue reading >>

EVO Payments signs acquiring deal with Bank of Ireland

Global payment acquirer EVO Payments International (EVO) has entered into a long-term, exclusive relationship with Bank of Ireland to provide merchant acquiring services in the Republic of Ireland and Northern Ireland. The roll out of these services – which will be marketed under the name Bank of Ireland Payment Acceptance – will commence later this year. Under this exclusive arrangement,… Continue reading >>

FIS acquires Clear2Pay for €375m

Global banking and payment solution provider FIS has signed a definitive agreement to acquire payment and processing solution provider Clear2Pay. Founded in 2001, Clear2Pay is a major player in the payments technology domain and has a strong blue chip client base of top global financial institutions in Western Europe, Asia-Pacific and the Americas. Upon closing of the deal upon regulatory… Continue reading >>

MasterCard and Basware launch B2B solution

MasterCard and global e-invoicing specialist Basware have launched Basware Pay, a solution aimed at working capital optimisation for the B2B space. Basware Pay aims to extend the value of the purchase-to-pay process by providing a unique, global e-payment solution. The solution connects buyer and supplier payment processes through the Basware Commerce Network. Supplier invoices are sent via the Basware Commerce… Continue reading >>

Syntec partners with Worldpay for phone payment processing

Global payment processor Worldpay and Syntec, a cloud call centre management service provider, have formed a global partnership which will enable businesses to accept telephone card payments securely without compromising end-user experience. The CardEasy ‘keypad payment by phone’ service reduces business operating costs by enabling phone card payment acceptance without the sensitive card information being visible to call centre agents,… Continue reading >>