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Diners Club International expands acceptance throughout Europe

Diners Club International, a business unit of Discover Financial Services and part of the Discover Global Network, and The Logic Group, announced a signed agreement that will grow Discover and Diners Club card acceptance in the UK and Europe. This agreement is part of Discover Global Network’s overall strategy to partner with key payment service providers to help drive increased… Continue reading >>

Google to buy Softcard?

It has emerged over the weekend that Google is leading talks to acquire Softcard, the troubled mobile payments company that is being eyed by a number of potential suitors, said people familiar with the matter. The search engine giant is interested in buying the small payments group controlled by a consortium of US telecom companies for about $100m, according to one person… Continue reading >>

FICO Acquires TONBELLER

FICO has acquired TONBELLER, a provider of financial crime and compliance solutions based in Bensheim, Germany. The transaction has closed. Although terms have not been disclosed, the transaction is not expected to have a material impact on FICO’s 2015 financial results. With this acquisition, FICO has moved firmly into the rapidly growing market for financial crime and compliance (FCC) solutions,… Continue reading >>

Apple Pay continues company sign up success

According to the New York Times, the list of companies working with Apple Pay continues to grow. On Tuesday, Apple announced that in recent weeks the company had signed up dozens more banks, retail stores and start-ups to adopt Apple Pay, the company’s new e-commerce product, which allows customers to buy things with little more than a wave of their… Continue reading >>

Ripple plug into Earthport payment hub

Ripple Labs is to plug its real-time settlement protocol into the Earthport payment hub, opening new channels to market for the open source transaction technology. Under the partnership, Earthport’s customers will be able to utilise Ripple’s friction-free cross-border payments technology while operating within strict regulatory boundaries – reports Finextra. “We constantly evaluate new technologies to reduce costs and delays associated… Continue reading >>

Swift and Fiserv win $1 billion Australian payment system overhaul

Australia’s new payment system will be delayed by a year after five institutions stepped back from funding the $1 billion project. It was announced on Tuesday that the Reserve Bank of Australia-backed real time payments network will be built by bank messaging network SWIFT and payments company Fiserv But it also emerged it will be delayed by another year to late 2017. After… Continue reading >>

Compass Plus partner with security solution expert Futurex

Compass Plus, the retail banking and electronic payments software providers, has announced that its open development payment platform, TranzAxis, has now been fully certified to support Futurex’s Excrypt SSP9000 hardware security modules (HSMs). This new partnership with Futurex, a provider of secure, robust, and cost-effective data encryption security solutions, has extended the list of HSMs now supported by the TranzAxis payment… Continue reading >>

Barclaycard completes acquisition of The Logic Group

Further to the announcement on 8 September 2014 regarding the conditional acquisition of The Logic Group by Barclaycard (the Acquisition), Barclays Bank has announced that following receipt of competition authority clearance all completion conditions to the Acquisition have been satisfied and the Acquisition has therefore completed. Valerie Soranno Keating, Chief Executive of Barclaycard, said: “We’re delighted to have completed this transaction…. Continue reading >>

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 >>