ACI Worldwide a leading international provider of electronic payment systems, announced it has completed the acquisition of Official Payments Holdings, Inc. a leading provider of electronic bill payment solutions. Under the terms of the agreement, ACI Worldwide acquired Official Payments in an all-cash transaction for $8.35 per share. Norcross, GA-based Official Payments provides bill payment
Consumers demand convenience, flexibility and pay-anywhere availability from real-time payments, according to the third phase of a comprehensive banking behavior study by FIS™ the world’s largest provider of banking and payments technology. Among the findings, consumers who transfer money person-to-person – especially those sending money overseas – want to make those transactions immediate; and, while
Ingenico worldwide provider of payment solutions, announced that its Telium 2 range is now certified with EMP (Emerging Markets Payments) requirements. Working with more than 130 banks and 30 000 retailers, EMP is the leading electronic payments processing company in the Middle East and Africa. Thanks to the certification with Ingenico payment terminals, EMP customers
One of the major themes running through the mobile money discussions at Africa.com was how mobile money creates an intersection of banking and MNO (Mobile Network Operator) services. The big question to come out of this is, ‘Can the banks and the MNOs work together or are they competitors when it comes to mobile money?’
Wincor Nixdorf announced that FinTech 100 has ranked it 10th on the 2013 FinTech 100 listing at the BAI Retail Delivery conference in Denver, Colorado. Last year, Wincor Nixdorf was ranked 12th on this prestigious list. The FinTech 100 is the annual ranking of the top technology providers to financial services companies worldwide. The list
Bluefin Payment Systems, a financial technology provider of integrated payment solutions for software vendors, and Medtask, a cloud-based provider of practice management solutions for the medical industry, announced that they have partnered to provide integrated payment processing within the Medtask practice management platform. Bluefin’s payment platform, PayConex, features credit/debit/ACH processing with security features such as
Mako Networks and Sprint have announced a teaming agreement to add the Mako System to Sprint’s portfolio of solutions for retailers and distributed enterprises. U.S. customers can now purchase Mako’s solution integrated with Sprint’s wireless service to connect, protect, control and secure their data and payment transactions. The Mako System creates simple, secure Payment Card
MasterCard Incorporated announced financial results for the third quarter of 2013. The company reported net income of $879 million, up 14%, and earnings per diluted share of $7.27, up 18%, in each case versus the year-ago period. Net revenue for the third quarter of 2013 was $2.2 billion, a 16% increase versus the same period
eCentric has announced a new company name, corporate identity and website. Effective immediately they have changed their company name and branding to Ecentric Payment Systems. This year they are celebrating their 15th year in the payments processing industry. Through their industry experience they have diversified their business to offer a comprehensive suite of payment services
Groupon announced it has reached an agreement to acquire Ticket Monster, a leading Korean ecommerce company owned by LivingSocial, Inc., for $260 million in cash and stock. The deal is expected to close in the first half of 2014. “Ticket Monster is a perfect fit for Groupon as we continue to transition our business globally
