Worldpay has granted its U.S. buyer Vantiv a week-long extension to get its takeover bid in order. Vantiv has already agreed to buy the former RBS unit for 7.7 billion pounds ($10.17 billion) on July 5th with an agreement to have a formal bid completed...
Europe sets the pace for fashion, finance … and fraud? As EMV gains traction in the States, the chip card revolution on the Continent has already largely been completed. And the bad guys are increasingly plying the fraudulent transaction game online. TSYS offers up a few data...
Samsung’s venture capital arm has announced it will use a $150 million global funding round to invest in Europe’s startup scene. CNBC reported news that Samsung NEXT, with the fund raised in January, will target early stage startups in Europe for investment or acquisition, focusing...
It seems things have not turned out quite as expected for Theresa May and her Conservative government in the U.K. The plan was to call early elections, pick up more Conservative seats in Parliament and enter into Brexit negotiations with a more powerful mandate to...
European banks are imploring the European Commission not to give in to the demands of FinTech firms and cancel the implementation of new rules that would ban screen-scraping. Finextra reports that earlier this month, 60 organizations representing a diverse cross-section of European FinTech businesses protested against...
Donald Trump’s immigration policies may or may not be good for America. But, the world’s biggest travel companies claimed, they are definitely bad for tourism. Dara Khosrowshahi, chief executive of Expedia, noted that the situation is sufficiently dire that firms like his are “preparing for...
Getting the week off with a bit of a bang, it looks like some European payments power players are joining up to take on the market. According to reports, Swedish payment start-up Klarna has confirmed that it has acquired German payments firm BillPay. BillPay was owned...
Big banks, since the halcyon days of the Great Recession, have had a long sit in the naughty chair — widely maligned as the bad guys from Main Street to the annual World Economic forum in Davos. But this year — though much at Davos is...
Though there was some initial hope that London’s status as an international financial service hub would persist unaffected by the Brexit — that possibility is seemingly increasingly less likely. Following U.K. Prime Minister Theresa May’s speech on the Brexit last week, a “flurry of senior...
