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.
Germany’s Wirecard and Krones have teamed, a leading packaging and bottling machine manufacturer, in the development of its e-commerce strategy with integrated payment solutions. The B2B online shop for small and replacement parts, Krones.shop, started in Germany and is now available in a further eight countries.
Customers at ASK Italian restaurants across the UK no longer need to ask for the bill. They now have the option to pay from their smartphone, through the Qkr! with MasterPass app.
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.
China’s UnionPay has teamed with Société Générale and merchants in 8 African countries, namely Madagascar, Benin, Ivory Coast, Burkina Faso, Cameroon, Guinea, Senegal and Chad, to accept UnionPay cards.
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).
NJ-based Heartland Payment Systems (HPS) reported Small and Mid-Sized Enterprise (SME) Q3 transaction processing volume set a new quarterly record $24.5 billion, up 13.1% year-on-year (YOY). HPS also acquired privately held Digital Dining, a provider of restaurant point-of-sale (POS) and management systems throughout the USA.
ME-based fuel card kingpin, WEX, reported Q3/15 revenue rose 2% to $226.1 million. However, on a non-GAAP basis, the Company’s adjusted net income for the quarter decreased 25% to $49.9 million.
MasterCard will kick off its Masters of Code competition via a London hackathon on November 14-15. London is the last of 12 global hackathons with 3,000 of the world’s best developers battling for USD 100,000 worth of prize money if they can come up with an innovation that uses MasterCard’s payments platform and benefits city dwellers.