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Gemalto positions itself firmly in mobile authentication

Gemalto positions itself firmly in mobile authentication

Fri, Feb, 26 2010

Ensuring itself a leading position in mobile authentication, Dutch digital security specialist Gemalto has acquired Valimo Wireless, a Finnish company that has to its credit the world’s largest deployment in this emerging field of payments security.

Microsoft and Temenos team up

Microsoft and Temenos team up

Tue, Dec, 22 2009

Broadening its range of partners, Swiss core banking systems provider Temenos has formed an alliance with Microsoft’s Financial Services Group.

AmEx grabs Revolution Money

AmEx grabs Revolution Money

Wed, Nov, 18 2009

Setting the scene for intensified competition in the hotly contested online payments market, American Express (AmEx) is to acquire US-based Revolution Money for $300 million.

First Data flexes its muscles in Africa

First Data flexes its muscles in Africa

Mon, Oct, 26 2009

Already a well-established player in South Africa’s retail cards sector, First Data has now set its sights on the country’s ATM market with the acquisition of CashAxcess.

First Data flexes its muscles in Africa

First Data flexes its muscles in Africa

Mon, Oct, 26 2009

Already a well-established player in South Africa’s retail cards sector, First Data has now set its sights on the country’s ATM market with the acquisition of CashAxcess.

Western Union feels the pinch

Western Union feels the pinch

Mon, Oct, 26 2009

A global economy on the back foot was reflected in Western Union’s third-quarter results which saw revenue fall 5 percent compared with the same period in 2008 to $1.3 billion. The decline was led by Western Union’s major market, consumer-to-consumer payments, which saw revenue fall 5 percent to $1.1 billion despite a 3 percent rise in transactions to 50 million.

Western Union feels the pinch

Western Union feels the pinch

Mon, Oct, 26 2009

A global economy on the back foot was reflected in Western Union’s third-quarter results which saw revenue fall 5 percent compared with the same period in 2008 to $1.3 billion. The decline was led by Western Union’s major market, consumer-to-consumer payments, which saw revenue fall 5 percent to $1.1 billion despite a 3 percent rise in transactions to 50 million.

Losses mount at embattled Earthport

Losses mount at embattled Earthport

Mon, Oct, 26 2009

Tough economic conditions took a heavy toll on UK online payments specialist Earthport in its financial year to 30 June 2009, sending revenues sliding 18 percent compared with the previous year to £1.57 million ($2.6 million) and its net loss ballooning from £3.38 million in 2007/08 to £7.3 million.

First Data goes for growth in South Africa’s ATM market

First Data goes for growth in South Africa’s ATM market

Wed, Sep, 30 2009

Marking its entry into the South African ATM market, US payments processor First Data has acquired ATM deployment specialist CashAxcess from South African investment companies Mvelaphanda and Venfin for an undisclosed sum.

Western Union looks to B2B for growth

Western Union looks to B2B for growth

Wed, Sep, 30 2009

Western Union has closed the acquisition of Custom House in a $350 million cash deal that provides its first entry into the international business-to-business (B2B) payments market.

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