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eBay and PayPal Split: What’s Next?

By the end of 2015 eBay and PayPal will become independent, publicly-traded entities. A combination of shareholder pressure and competitive innovation is believed to be the source of eBay’s September 30th announcement to spin off PayPal. Carl Icahn, who acquired a 0.82% stake in eBay, had been calling for a split since January 2014, saying eBay was holding PayPal back… Continue reading >>

Visa Europe set to cost $10 billion

Visa Inc. the world’s largest credit and debit card company, believes it might have to pay more than $10 billion to buy its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it. Visa might issue debt or equity, or need third-party financing, to fund the purchase of Visa Europe, it said in an annual filing with… Continue reading >>

Making the most of merchant loyalty

Creating merchant loyalty – location–based offers, discounts and targeted messaging are helping to place merchants at the centre of consumer engagement. According to research by IDC, 1.5 billion smartphones will be in use globally by 2017, while research firm Gartner predicts that worldwide mobile payment transaction values would reach $235.4 billion in 2013, a 44% increase from 2012’s $163.1 billion…. Continue reading >>

The state of SEPA

How is SEPA faring now that migration deadlines have passed, and could banks be doing more? Finally, after a 15-year wait, and a delayed 1 August migration deadline, the Single Euro Payments Area (SEPA) has achieved full implementation of SEPA-compliant credit transfers and direct debits in the euro area- reports Victoria Conroy. The milestone means that over 500 million consumers and 20… Continue reading >>

Asia-Pacific leads ATM growth with huge expansion in China and India

Asia-Pacific contributed more to worldwide ATM growth in 2013 than any other region, accounting for 83% of new installations, according to RBR’s latest research Global ATM Market and Forecasts to 2019. The study found that the global ATM market increased by 8% overall in the year to reach 2.8 million, with 205,000 new machines added. China remains the global powerhouse,… Continue reading >>

Visa and MasterCard bow to Canadian pressure on interchange

Visa and MasterCard have bowed to pressure from Canadian regulators by agreeing to set a 1.5% cap on interchange rates in Canada for the next five years, a reduction of around 10%. The agreement comes after a four-year battle between the schemes and the Canadian Competition Bureau. By agreeing to the cap, which will come into effect by April 2015,… Continue reading >>

Apple’s payments move a tipping point – Verifone

Apple’s move into payments with its Apple Pay service represents a tipping point for contactless payments, according to Verifone Europe president June Yee Felix, speaking at the Cartes 2014 event in Paris. The benefits of the tech giant adopting NFC are considerable, she said. “Apple Pay is something wonderful for our industry,” she told several hundred delegates attending the opening… Continue reading >>

Proxama to acquire Aconite Technology

Mobile commerce specialist Proxama is to acquire payment technology specialist Aconite Technology. According to the two companies, the acquisition will create a compelling end-to-end solution for card issuers to migrate to EMV technology. Final terms of the acquisition are subject to completion of due diligence and definitive terms. According to Proxama, the acquisition is ideally timed to capitalise on the… Continue reading >>

Datacard Group and Entrust unveil new brand identity

Instant issuance specialist Datacard Group and its recent acquisition Entrust have unveiled a new company name, logo and corporate brand identity – Entrust Datacard –  at the Cartes 2014 event in Paris. Todd Wilkinson, the new company’s president and CEO, said the new brand preserves the equity and heritage of each predecessor company, while demonstrating commitment to emerging customer challenges…. Continue reading >>

Cartes 2014: users on the move

Users on the move is the theme of Cartes 2014, taking place in Paris between 4-6 November. Exhibitors are demonstrating the latest innovations in mobile POS and digital commerce. Cartes 2014 got off to an auspicious start start last night at the Salle Wagram in the heart of the French capital with the SESAMES Awards. Eleven companies were honoured for… Continue reading >>