ME-based WEX has entered into a definitive agreement to acquire Electronic Funds Source for $1.1 billion in cash and 4.0 million shares of common stock to be issued to investment funds affiliated with Warburg Pincus, EFS’ current owner. The acquisition is expected to be immediately accretive to adjusted net income.
Rêv Worldwide, Scandinavian Airlines, the largest airline in Scandinavia, and Catella Bank, have partnered to intro the multi-currency Travel Cash wallet.
Wincor Nixdorf has inked Nokas for JV, the leading Scandinavian provider of cash-handling services, in June 2015. The new company, named CROWN (Cash Retail Optimization Wincor Nixdorf Nokas), has its headquarters in Delft, Netherlands, and is owned equally by Wincor Nixdorf and Nokas.
ME-based WEX has acquired the remaining 49% stake in UNIK. Following WEX’s initial investment in 2012, WEX has now consummated the purchase of the remaining interest in UNIK.
San Diego-based iWallet has linked up with NEXT Biometrics Group ASA to introduce a turnkey biometric identification solution, iWallet Password, based on NEXT Biometrics’ NB-3010-U ergonomic USB desktop fingerprint reader, a ready-to-use peripheral with USB interface designed to entirely replace passwords when logging into notebooks and tablets.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the CardWeb.com’s the
Citi Card Commercial – Norway TV spot.
CardWeb.com’s CardData database of Company Profiles today features WEX.
GE Capital, Transportation Finance announced the launch of a fuel card services program designed specifically for over-the-road trucking (OTR) companies.
Flex Fuel, why not a Flex Card for fleet fuel. ME-based WEX has unveiled the WEX FlexCard, its first revolving payment fleet fuel card for small businesses.
Oslo-based NEXT Biometrics has been chosen to provide its fingerprint imaging sensor in the new BIO-key EcoID, a low-priced compact USB touch fingerprint reader.
Luxembourg’s payment cards (including debit and credit cards) grew at a significant compound annual growth rate (CAGR) of 23.14%, between 2009 and 2014. In terms of transaction value, payment cards produced EUR10.2 billion (US$13.5 billion) in 2013, registering a CAGR of 10.60%, during the same period.
The biggest Croatian bank, Zagrebačka Banka, has inked a deal with UK-based Paysera, an e-money institution licensed in Europe. The partnership will drive the costs of international money transfers to Croatia
to 1 HRK (0.13 EUR).