Second Menu

NEWS

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 >>

Misys up for sale

Little know, Singapore state-owned investment fund, Temasek Holdings, is reportedly showing interest in core banking supplier Misys, which has been put up for sale by current owner Vista Equity Partners, according to Sky News. Temasek, which counts a stake in Markit among its fintech investments, is one of several potential bidders, alongside Canadian pension funds, claims Sky. Vista acquired Misys in 2012 for… Continue reading >>

First Data and Capgemini form global alliance

First Data and Capgemini have formed a global alliance to develop next generation payment technology software using First Data’s VisionPLUS and AccessPLUS solutions. The collaboration will leverage Capgemini’s global vertical industry and payments expertise and First Data’s market-leading suite of payments solutions, assisting clients in numerous sectors, including Financial Services, Retail, Public Sector, Telecommunications and Media, in growing their businesses, mitigating risk and… Continue reading >>

PPRO and Inpay partner on international bank transfers for merchants

The PPRO Group, has partnered with Inpay, the FCA & FINMA regulated bank payments company, to offer global bank transfers from February 2015. Through the PPRO Group, Inpay will enable merchants to send and receive local funds in more than 45 countries, with the rest of the world covered by Inpay’s SWIFT membership. Inpay’s solutions will be offered alongside a… Continue reading >>

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 >>