Dublin-based Realex Payments is being gobbled up by Global Payments in a deal valued at €115 million (US$126 million). Realex is one of Europe’s largest and fastest growing payment gateways.
London-based SafeCharge has acquired 3V Transaction Services for €14.5 million. 3V will become the foundation of SafeCharge’s card issuing activities through its new Issuing Division.
CardWeb.com’s CardPixes database of more than 7,000 images today features the DBS CapitaCard Platinum Visa.
Peer to peer lender Harmoney launched its online lending marketplace with $100m lending capital, bringing the world’s fastest growing form of lending to the Kiwi public. Peer to peer lending is an established form of investment, currently growing at more than 200% per annum, and has been described as “banking without the banks.” It is an increasingly popular form of crowd funding that is changing the way that people borrow and invest. In the United Kingdom, the UK Government is the largest funder of P2P loans. Harmoney’s fully compliant online platform automates the process of investing and borrowing. The system is fast, easy to use and offers a marketplace in which to transact with Bank Grade Security. A lower cost structure means that savings can be passed on to borrowers and investors.
MasterCard finds Australians are paying $1.6 billion annually in credit card surcharges. Another survey found Cabcharge, Qantas, Virgin Australia, Jetstar and Tiger were the biggest violators of RBA rules to limit surcharges.
The number of MasterCard accounts in Europe topped the U.S. for the first time. As a September 30, 2013 there were 293 million MasterCard accounts in Europe, compared to 289 million in the U.S. market. For the year ago quarter, the U.S. market led the European market by 19 million MasterCard accounts. MasterCard’s European account-base is growing at annual rate of 18.1%, compared to 8.2% according to CardData. For the third quarter MasterCard reported gross dollar volume in Europe is growing 16.6% per annum, compared to 8.7% in the U.S.
Lycamobile Group prepaid international calling cards selected WorldPay payment processing, risk and alternative payments, to execute its end-to-end payment services including acquiring, gateway, risk, treasury and alternative payments to support its global payment requirements. Previously, Lycamobile Group used a number of payment providers for acquiring, gateway, risk and treasury but the company chose to consolidate and select a payment partner that could offer the full breadth of services and support the company as it expands globally. WorldPay was selected due to its expertise in e-commerce, its global reach and the range of payment services it can provide. Lycamobile Group’s customer base spans across the Asian, African and South American communities that live abroad and the business has ambitious plans to expand globally, offering more services that will benefit its customer base.
MasterCard and the South African Social Security Agency (SASSA) announced that there are 10 million active SASSA Debit MasterCard cards in South Africa, following the introduction of the new biometric grant payment disbursement system that commenced in March 2012. This milestone marks the conclusion of the re-registration phase of the project, with social grant beneficiaries having received their new Debit MasterCard cards with biometric functionality, issued by Grindrod Bank in association with SASSA and Net1 UEPS Technologies (Net1). Since March 2012, just under 22 million social grant beneficiaries1 have re-registered onto the new system introduced by SASSA to minimise fraudulent grant applications and collections and reduce grant administration costs by distributing all grant payments electronically. A crucial feature of the SASSA card’s biometric functionality is that it positively identifies social grant recipients using unique identifiers such as fingerprints, voice and other personal information, which means that the SASSA cards cannot be used by any person other than the approved beneficiary to collect his/her grant.
The Glory Group of Japan is now among the largest international cash management solutions providers, with more than 2,500 direct employees and a distribution network spanning more than 100 countries globally. With this, the total global business now has more than 9,000 employees and revenues exceeding $.1.5 billion per annum. The Glory Group Solutions is the combination of engineering and consultative experience from both legacy companies, enabling delivery of truly innovative, personalised solutions for clients. Glory and Talaris international distribution partners continue to be partners of the new Glory Global Solutions.
Ultra Communications and Realex Payments are teaming up to demonstrate the live Ultra Cloud-based contact centre with PCI DSS compliant payment handling and full performance monitoring capabilities. The live demonstration, called ‘Ultra Live’, will showcase Inbound call management; automated dialling, including predictive, preview and power/progressive; PCI compliant payment handling; Contact recording; and Realex “RealControl.” As well as the Ultra Live demonstration, Ultra and Realex Payments consultants will be on hand at stand E20 to show visitors how to transition to the latest Cloud-based contact centre services and implement PCI solutions more effectively.
Realex Payments online payment gateway posted 2Q/12 revenue by 28% to EUR9.8m and transaction volumes by 44% to 70m. This is thanks to revenue in the UK market up 95% and in continental Europe by 31%. During the year Realex Payments signed up an additional 3,550 online retailers as clients, bringing its total client base to 8,360. Some significant wins during the year included signing up Paddy Power, notonthehighstreet.com, Hostel Bookers, Cocosa and 7 Day Shop. The online payment provider has scores of house hold names as clients including Aer Lingus, Virgin Atlantic, 32 Red, AA Insurance and Vodafone. In January 2012 the business announced a significant deal with HSBC Merchant Services, which sees Realex Payments provide a managed service to their UK online retailer base.
Monitise mobile banking, payments and commerce networks worldwide to announce first-half revenues nearly three times higher than a year ago when it publishes its interim results in February. Revenues for the six months to 31 December 2011 are expected to be approximately £15m, compared with £5.3m in the same period a year ago. First-half FY 2012 revenue will also be higher than the £14m revenue generated in the entire 12 months to the end of June 2011. Profitability in live operations, which includes the UK, US and Global Accounts, is expected to show significant growth on levels achieved in the second half of 2011, which in turn grew strongly compared to the first half of last year. Gross margins are expected to be in line with the 62% generated in the first half of last year.