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Global Payments acquires Realex payments

Realex Payments, one of Europe’s largest and fastest growing payment gateways, has been acquired by Global Payments, a leading worldwide provider of payment technology services. “We are thrilled to be joining the Global Payments team.  It’s great news for our customers, for our employees, and for Ireland,” comments Realex Payments founder and CEO, Colm Lyon. “For Realex Payments’ existing 12,500 merchants,… Continue reading >>

Optimal Payments to acquire Skrill

Optimal Payments a global provider of online and mobile payment processing services, has entered into an agreement to acquire Skrill Group from CVC Funds and other shareholders, for an enterprise value of approximately €1.1 billion ($1.2 billion). The Skrill Group is one of Europe’s leading digital payments businesses providing digital wallet solutions and online payment processing capabilities and is one… Continue reading >>

Alipay and PPRO collaborate on alternative payments for AliExpress in Europe

The PPRO Group, will collaborate in Europe with Alipay to offer new payment options for online shoppers of AliExpress, a global online marketplace for consumers to buy directly from Chinese businesses. Alipay provides secure, trustworthy and convenient online and mobile payment services. Through the collaboration with The PPRO Group, shoppers are offered familiar alternative payment methods at the checkout pages…. Continue reading >>

PayPal acquires mobile payments firm Paydiant

PayPal has agreed to buy Paydiant. In an announcement on the PayPal website, Dan Schulman, PayPal President and CEO, said: “Today, I am excited to announce that we agreed to acquire Paydiant, another great company that is focused on reinventing mobile payments. While Paydiant may not be a name you recognize, if you like to pay with mobile apps, you are… Continue reading >>

Proxama and Aconite team on mobile proximity commerce

Proxama has unveiled details of its new end-to-end mobile proximity marketing and payments proposition following the acquisition of Aconite Technology last year. Proxama’s new Digital Payments Division will be led by the team from Aconite as the combination of the two companies brings a true end-to-end model to the payments market for the first time. It will enable card issuers and… Continue reading >>

ValidSoft and FICO partnership scores win

ValidSoft with its partner FICO, has launched the ValidSoft Device Trust solution with another major UK retail bank. The new client, unnamed for security reasons, represents the largest UK deployment of the Device Trust solution to date, a press release said. It is the second such agreement for the solution, and continues to build on the partnership between analytics software… Continue reading >>

African mobile money interoperability

Telco Millicom has announced that its Tigo Pesa service in Tanzania will be the first in Africa able to transact with customers of all the country’s other mobile money services, following an agreement with Vodacom for M-Pesa. Millicom and rivals Airtel and Zantel established interoperability in 2014, but signing up market leader M-Pesa is an important further step. From later this… Continue reading >>

Google attempts to revive Google Wallet in new telco deal

Google is said to be reviving its Google Wallet after seeing how popular Apple Pay has been, according to The Wall Street Journal. To do so, Google is apparently in the early stages of a deal to take ownership of the carrier-owned Softcard as part of this Lazarus act for its mobile payment system. Previously, carriers in the United States were reticent to… Continue reading >>

Banque Populaire selects HPS to expand pan-african payments

Banque Populaire says that will now be using the HPS’s PowerCARD solution to process electronic payment transactions of all of its subsidiaries in Africa. The partnership between Banque Populaire and HPS dates back to 2001 when the PowerCARD solution was implemented to manage all Moroccan electronic payment activities of the Group that offers today a comprehensive card payment service with… Continue reading >>

SWIFT selected by Payments Council to host national data platform for SEPA IBAN

SWIFT says it has been selected by the UK’s Payments Council as the vendor for the country’s Single Euro Payments Area (SEPA) International Bank Account Number (IBAN) Only central infrastructure platform. The new platform will enable the accurate derivation of BICs from IBANs, a key requirement for financial institutions in SEPA wishing to initiate euro payments to the UK once the… Continue reading >>