First Data has filed a registration statement for a proposed initial public offering (IPO) with an estimated value of $40 billion. KKR took the payments processor private in 2007 for $26 billion.
PayPal is now valued at $46 billion and the future is very bright. Analysts expect strong total processing value (TPV) growth to drive solid mid-teens FX neutral organic revenue growth through the intermediate-term, despite lower take-rates associated with rapidly growing mobile payments.
Austin-based Mozido is acquiring a majority of NettCash, a Zimbabwe mobile wallet company. The NettCash pre-paid electricity solution is being extended by integrating Mozido’s Mobile Transaction Platform services, including mobile bill pay, stored value account, and person-to-person payment services, to launch Zimbabwe’s first mobile wallet that includes prepaid utility services.
Toronto-based BitGold has swallowed the intellectual property and operating subsidiaries of GoldMoney for $59.4 million and will become GoldMoney. The BitGold payment and savings platform will operate as a separate service focusing on the expansion of a high-growth internet user base, while also developing a global end-to-end payments and international transfer network utilizing BitGold settlement technology.
Zooz is teaming with CardinalCommerce to offer Cardinal Consumer Authentication (CCA) to its merchant base. With CCA, Zooz’s clients will enjoy the same protection for their card-not-present transactions that Cardinal’s Customers have relied on for years.
Infinite Peripherals, has created the Infinea Omni, a new self-service kiosk that combines 1D/2D scanning capabilities with iOS to maximize consumer ease-of-use and convenience. By integrating with the iPad Air, the Infinea Omni barcode reader provides the ideal solution for modernizing outdated, bulky displays and computing technology in retail, transportation and various other enterprises.
MD-based Revolution Payments debuts a new B2B payment gateway allowing merchants to receive the reduced level 2 and level 3 interchange rates without requiring manual entry.
HomeSend, a joint venture between MasterCard, eServGlobal and BICS inked a deal with Dialog Axiata to make international remittance services available to millions of consumers across Sri Lanka. HomeSend and Azimo also announced the launch of new mobile wallet services in ten countries throughout Africa and Asia-Pacific – reaching millions of mobile money subscribers.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Charles Horn, Executive Vice President and Chief Financial Officer, of Alliance Data.
CardWeb.com’s CardData database of Company Profiles today features Ingo Money.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the CardWeb.com’s the
US Bank Flex Perks “Jerry” TV spot.
With mobile payments totally boosting the smartphone market, TX-based ZTE has taken it to new level. Consumers can get the latest smartphone technology and design at just $199.99 with a no-contract.