Visa’s profits are soaring and the deal to acquire Visa Europe looks like it will happen this week for US$22 billion. Third quarter net income jumped 41% year-on-year (YOY) to $1.5 billion.
Visa and Visa Europe have inked a definitive agreement for Visa to acquire Visa Europe, creating a single global company. The transaction consists of upfront consideration of €16.5 billion with the potential for an additional earn-out of up to €4.7 billion payable following the fourth anniversary of closing, for a total value of up to €21.2 billion.
Cubic Transportation Systems inked a $52 million, 5.5 year contract by the New Hampshire Department of Transportation (NHDOT) to deliver a new back office for the E-ZPass system supporting the state’s toll roads.
Dozens of U.S. cities had chargeback rates that exceeded the 1% threshold set by Visa and MasterCard. Within the Northeast region, there are 10 cities/ZIP codes with the highest chargeback statistics.
ShopSocially and FSAstore.com have teamed to launch its FSA rewards program. Powered by ShopSocially, the program aims at offering loyalty awards to customers not just for purchases, but for all-round engagement.
New research shows U.S. retailers customer service mistakes made with Cyber Monday online shoppers could lead to significant in-store sales losses in the 2015 holiday gift-buying season.
New research shows 63% of U.S. credit/debit cardholders who use coupons say they most frequently present coupons from newspapers, mailings and other paper products.
Oregon’s Azuga Insight mobile application is now here as well as the addition of four exciting new features to its suite of value-added services for participants in OReGO, the nation’s first pay-by-the-mile program that was launched this summer by the Oregon Department of Transportation (ODOT).
Western Union reported Consumer-to-Consumer (C2C) constant currency third quarter revenues increased 3%, while reported revenues declined 3%. Consumer-to-Business (C2B) revenues grew 6% in the quarter, or 10% constant currency, driven by the Argentina walk-in and the U.S. electronic bill payments businesses.
San Francisco-based Snapcard, Bitcoin wallet & bitcoin payment processor, has teamed with UniPAY, an e-wallet company and payment service provider based in the country of Georgia.
Austin-based Mozido has ankled R. Todd Bradley as the company chief executive officer effective immediately. Bradley joins Mozido from TIBCO Software where he served as president of the Silicon Valley business software concern since June 2014.
San Diego-based Ecwid has collaborated with Square to offer retailers the ability to sell anywhere online and keep all channels in sync. Ecwid is available directly or through trusted partners and has over 900,000 registered merchants in 175 countries with support for 45 languages.