First Data reported its financial results for Q4 and full year results for 2012. Consolidated revenue for the fourth quarter was $2.8billion, up $69 million, or 3%, compared to a year ago, primarily driven by a $55 million increase in debit network fees. Adjusted revenue,...
Germany’s financial watchdog Bafin has stepped up its investigation on the possible manipulation of Euribor, first launched last year, to include a specific investigation into German banks. The esclalation of this investigation into a « special proble » into German banks, will allow the watchdog...
Online lending startup Kabbage has closed a $75 million credit facility, the company announced in a press release today. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
First Data Corporation has announced that Ed Labry will serve as its interim CEO while it continues its selection process for a fulltime hire. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Ingenico has announced that they’ve reached an agreement with Summit Partners to purchase European payments service Ogone in a move to become a “one-stop shop” for payments processing. Ingenico will make the purchase for for around $484 million. Get the Full Story Complete the form...
Bernhard Lachenmeier, Head Products & Marketing, SIX Payment Services Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...
Visa Europe has announced it has passed the seven million cards mark in Romania in 2012, and has registered a 23.6 increase in transactions. To total of transactions amounts to 17.5 billion euros. The segment that registered the most growth was debit cards, which grew...
Dubai Islamic Bank has announced it has signed an agreement with global property provider, Emaar Properties, to introduce epayments to customers of both companies. The agreement will see DIB customers pay Emaar’s community service charges through the bank’s online and mobile banking services. Get the...
Intuit has purchased Facebook eCommerce platform Payvment and will acquire its employees, technology and patents, reports TechCrunch. Payvment previously announced that it was shutting down its social commerce platform and its companion shopping site Lish.com as of March 1, 2013. Get the Full Story Complete...