Optimal Payments Plc. announces the launch of an all-new NETELLER® online payment processing service. Working through a federally-insured U.S. financial institution sponsor, Optimal Payments is bringing these services to the U.S. marketplace. The NETELLER service and Net+® Card in the U.S. leverage the wealth of experience that Optimal Payments brings to the payments processing markets. Consumers already use NETELLER and the Net+ Card outside of the U.S. to safely and conveniently pay and receive funds for products and services online.
Global processing powerhouse First Data had a busy year with nine contract extensions, a new German contract, and expanded nine partnerships. FDC also introduced three new products: Clover Station, VisionPLUS Flex, and Go Daddy Payment Solutions, plus upgraded a number of existing products. FDC also acquired Perka and took 100% ownership of JV. The Company also had three CEO’s during 2013 and received two major awards. Annual revenues also increased slightly in 2013, after two level years.
U.S. Bancorp announced today that its lead bank, U.S. Bank National Association, has reached an agreement to acquire the Chicago branch banking operations of the Charter One Bank franchise owned by RBS Citizens Financial Group. The acquisition includes Charter One’s Chicago retail branch network, small business operations, and select middle market relationships. Once complete, the acquisition will nearly double U.S. Bank’s deposit market share in the Chicago metro area. Under the terms of this transaction, U.S. Bank will acquire approximately $5.3 billion of deposits, $1.1 billion of loans, 94 branches, and 800 employees for a deposit premium of approximately $315 million, or 6 percent. At close, U.S. Bank will have combined deposits of approximately $11.3 billion in Chicago.
Digital Insight technology solutions to financial institutions announced John O’Malley CEO, an experienced financial services and technology veteran who brings over 30 years of knowledge. O’Malley joins Digital Insight with prior experience as the CEO of Panini, a provider of payment technology. Prior to that he was the CEO of Memento, which was acquired by FIS, and President and CEO of Harland Financial Solutions where he led its growth from a small subsidiary to one of the leading providers of financial technology in North America. He has also held senior positions with Fiserv, Hogan Systems (now part of Computer Sciences Corp) and the J.H. Harland Company (now part of MacAndrews and Forbes). O’Malley also brings strong experience and innovation to both traditional and alternative payment solutions. He has extensive knowledge in global finance, enterprise sales and fulfillment solutions, enterprise big data, fraud and risk management.
Euronet Worldwide and its wholly owned, “Bankomat24/Euronet Sp. z o.o.” acquired ATMs from Diebold Poland Sp. z o.o. The acquisition includes 535 ATMs and over 350 retailer contracts for select sites where the ATMs are currently installed. This brings Euronet’s total owned and managed ATM network in Poland to over 3,500 devices, providing it a unique opportunity to expand relationships with many leading retail and bank brands and to deliver a diverse portfolio of value added services to end-users.
OneMain Financial consumer finance lending arm of Citigroup re-branded its U.S. Full Service Network from CitiFinancial to distinguish its business with an identity that better represents who it is and what it does. The logo features a stellar cul-de-sac symbol comprised of 5 homes pointing inward. Each of the company’s more than 1,300 stores now feature signage, literature, and brand advertising materials incorporating the OneMain Financial name and logo. OneMain will also launch a multi-media advertising campaign comprised of television commercials, print advertisements, digital placements, and radio spots. The campaign will focus on their face-to-face, flexible, solutions-oriented approach to meeting customers’ needs.
TSYS has acquired TermNet Merchant Services merchant acquirer, which will subsequently be re-branded TSYS and fully integrated into its “Merchant Solutions” division. TermNet has a 25-year history in merchant acquiring and is ranked as the 52nd-largest merchant acquirer in the U.S. by dollar volume. TSYS Merchant Solutions will now serve more than 327,000 merchant locations across the United States with this latest expansion. TSYS supports cross-border payments in more than 85 countries, offers merchant payment-acceptance solutions and credit, debit, prepaid, mobile, chip, healthcare, installments, and money transfer services.
U.S. Bancorp has acquired the banking operations of First Community Bank from the FDIC and will receive approximately $2.1 billion of assets and assume approximately $2.1 billion of liabilities. This figure includes $1.8 billion of insured and uninsured deposits. This decision was reached following credit due diligence and an agreed asset discount of approximately $380 million. With this, all First Community Bank branches will continue to operate under their current name and will be re-branded as U.S. Bank branches in the near future. U.S. Bancorp $308 billion in assets, operates 3,031 banking offices in 24 states and 5,310 ATMs.
GTRC has signed a definitive purchase agreement with Fifth Third Processing Solutions to sell its National Processing Company (NPC). NPC merchant acquirers provides integrated electronic payment solutions and services targeted exclusively toward the small to medium sized enterprise segment. Through its broad distribution network and more than forty years experience in the payments industry, the payments processing business will extend Fifth Third Processing Solutionsâ ability to provide best-in-class capabilities to its client base and will expand the Companyâs already strong commitment of providing innovative electronic payment solutions to a more diversified client base that will now include ISOs and agent banks.
The Western Union Company has acquired Custom House international
business-to-business payments provider, which processes payments
originating in seven countries for payout in 120. With this development,
Custom House will introduce Western Union to the SME cross-border
payments market for small to mid-sized enterprises. With an annualized
revenue run rate of $100 million, Custom House enables more than 40,000
clients to make payments in over 150 currencies. Custom House clients
include businesses with a need to pay international staff and firms
paying vendors and merchants, which will provide Western Union a solid
Effective June 15th, Abbey will re-brand its credit cards as Santander. The credit card brand shift is the first phase of a plan announced in May to re-brand Abbey, Alliance & Leicester and Bradford & Bingley savings under the Santander name by the end of 2010. Abbey currently offers two major card products, the “Abbey Zero MasterCard,” featuring no foreign exchange fee and no cash advance fee, plus 0% interest on balance transfers for 12 months and purchases for three months and the “Abbey Credit Card” offering 0% on balance transfers for 15 months, 0% on purchases for three months and an ongoing APR of 15.9%.
All new credit cards will be issued under the Santander name and
replacement cards will be issued under the Santander name as they come
up for renewal. Since 2004, Abbey has been part of the Santander Group, the third largest bank in the world by profit. In 2008, Alliance & Leicester and Bradford & Bingley become part of the Santander Group. Today, Santander has 90 million customers, over 14,000 branches, and 170,000 employees. As a global brand, the flame logo and Santander name is now seen in over 40 countries around the world.
Equifax has acquired 28% of the Russian Global Payments Credit Services
LLC (GPCS) credit information company. Acquiring the interest from
Global Payments Europe, s.r.o. and Home Credit & Finance Bank of Russia,
Equifax will assume responsibility for GPCS’ operations and will
re-brand the organization as “Equifax.” Equifax is headquartered in
Atlanta and employs 7,000 in 14 countries around the world while Global
Payments Inc. provides electronic transaction processing services and
remittance to consumers and merchants around the world.