Dansk Supermarked A/S, the leading food retailer in Denmark, has signed an exclusive framework agreement with Wincor Nixdorf. As part of this three-year agreement, Wincor Nixdorf will successively deliver and install over 300 reverse vending machines by the end of 2015. This order further extends the long-term cooperation between Dansk Supermarked and Wincor Nixdorf, which
MoneyGram, a global money transfer company, announced that PayPal’s 55 million active U.S. account holders can now initiate a withdrawal from their accounts – online or via mobile – and pick up the funds at any MoneyGram location in the United States. This represents the first phase of a rollout that will also include the ability for PayPal
MasterCard has appointed Ezediashi Ofili as Vice President and Business Leader to drive the growth of its Prepaid Business in sub-Saharan Africa. He will also oversee MasterCard’s Global Products and Solutions team in the region. Ofili joins MasterCard from Access Bank PLC where he was the Head of Business Engagement for Northern Nigeria. With more
MasterCard today announced the appointment of Marcus Mak as Head of Merchant Marketing for the company’s Asia/Pacific, Middle East & Africa (APMEA) regions, effective immediately. Based in Singapore, Mr. Mak will be responsible for bringing a more dynamic, value-driven proposition to merchants. He will drive business strategy for key merchants and his core responsibilities will
MoneyGram, a global money transfer company, announced that it has signed an agreement to acquire Nexxo Financial’s full-service money transfer kiosk business and to become the preferred money transfer and bill payment partner for Nexxo Financial. The transaction is expected to close in the fourth quarter of this year subject to closing conditions. MoneyGram will acquire approximately
Alliance Data Systems Corporation, a provider of loyalty and marketing solutions derived from transaction-rich data, announced its Retail Services business, which manages more than 120 branded credit programs, has come to multiple agreements with payments industry leader PayPal, an eBay Inc. subsidiary. Under a multi-year agreement with PayPal, Alliance Data will become an issuer for Bill Me Later®
VeriFone Systems, Inc. announced the launch of VeriFone Point, a payment-as-a-service solution that simplifies the complexities of payment for the company’s direct merchant customers and channel partners in the U.S. The growing burden of PCI compliance, EMV migration, and the emergence of mobile wallets and value-added service options is requiring merchants and service providers—such as ISVs, acquirers
Transaction Capital today announced that it has entered into a definitive agreement to sell its wholly-owned subsidiary Paycorp to pan-emerging market private equity firm Actis. Paycorp, owned by Transaction Capital since 2006, is South Africa’s largest independent owner and operator of off-site ATMs and a deployer of Visa-certified pre-paid debit cards. Actis will acquire the
American Express announced new technology capabilities to help make travel easier for today’s well-connected corporate traveler while also encouraging alignment with a company’s strategic travel and expense program. The capabilities announced today include a new platform that leverages social gaming mechanics to reward policy-adherent traveler behaviors; an integration with TripCase; a new capability that updates
Heartland Payment Systems, Inc. one of America’s largest payment processors and leading provider of merchant business solutions, has announced Adjusted Net Income and Adjusted Earnings per Share of $23.1 million and $0.62, respectively, for the quarter ended June 30, 2013, compared to Adjusted Net Income and Adjusted Earnings per Share of $20.5 million and $0.51, respectively,
