Worldline and Equens are getting married. Equens is a prominent European payment services provider, headquartered in Utrecht, Netherlands, with €305 million 2015 revenue. Equens Worldline Company will become the largest pan-European financial processor, targeting 2016 revenue of € 700 million and OMDA of € 120 million, managing approximatively 100 million payment cards and employing 3,000 experts in payment.
TX-based P97 Networks will integrate the P97 PetroZone Mobile Commerce Platform with SAP Vehicles Network running on SAP HANA Cloud Platform for the Internet of Things.
South Africa’s Bidvest Bank has luanched a multi-currency world currency card, powered by MasterCard. The new card is a prepaid travel payment card that features the ability to load up to 17 currencies onto a single card at any time.
Johannesburg-based Bidvest Bank has unveiled the MasterCard Multi-Currency World Currency Card. The prepaid travel card that allows cardholders to load up to 17 currencies on the same card at any time.
Naples, FL-based ACI Worldwide announced its involvement in several key boards and councils around the globe all with a singular focus of driving industry standards for real-time and immediate payments.
Although Greece is in the debt dumpster and China’s UnionPay (CUP) is afraid of Visa’s and MasterCard’s entry into China next year, CUP has accelerated cooperation with multiple mainstream institutions and acceptance coverage of UnionPay cards reached 60% and 40% for ATMs and merchants respectively, basically encompassing places frequently visited by tourists.
Banco Santander and Monitise are teaming to launch a joint venture agreement to launch a fintech venture builder later this year. The 50:50 joint venture will be aimed at investing in, building and scaling fintech businesses with the potential to redefine and support financial services globally.
Six members of the European Automated Clearing House Association (EACHA) have joined forces to deliver centralized and optimized processing services for SEPA transactions. For this purpose they have set up a new company called European Clearing Cooperative (ECC).
DB Card Services in the Netherlands has issued the 1.3 millionth Card Issued by Prepaid Financial Services. The DB Card is a Euro Prepaid MasterCard launched in 2013 by PFS and DB Cardservice, an innovative payment provider and distributor based in Netherlands.
Global discretionary spending intentions declined or remained steady in the first quarter across all lifestyle categories. While confidence across global regions remained relatively stable in the first quarter, there is considerable variation across different markets.
Visa Europe’s owners, including 3,078 banks and payment providers from 37 European countries, are mulling a sale to Visa, Inc. The deal would be valued somewhere between $15 billion and $20 billion.
All Colruyt Group stores in Belgium have begun accepting the mobile payment service SEQR. This includes close to 500 stores at Colruyt, Okay, Bio-Planet, Cru, Dreamland and Dream Baby and affiliated independent Spar stores.