PFS

11 results about this entity

Period: 09 Apr 2019 - 18 Jan 2022

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PSR slaps prepaid card firms with £33 million fine for cartel behaviour

/regulation

PSR slaps prepaid card firms with £33 million fine for cartel behaviour

The UK's Payment Systems Regulator has imposed fines totalling £33 million on five firms, including Mastercard, for violation of anti-trust laws in the issue of prepaid cards to vulnerable people on welfare benefits.

/payments

PFS awarded contract for £140 million NI stimulus package

Economy Minister Gordon Lyons has announced the contract for the delivery of the High Street Scheme (HSS) has been awarded to Prepaid Financial Services (PFS).

EML shares tank on FPS probe

/regulation

EML shares tank on FPS probe

Shares in EML Payments tanked Wednesday after the firm confirmed that the Central Bank of Ireland is investigating breaches relating to money laundering and risk and control frameworks at Prepaid Financial Services, the Irish business acquired by the Australian vendor in 2020

UK watchdog accuses Mastercard and rivals of operating pre-paid card cartel

/payments

UK watchdog accuses Mastercard and rivals of operating pre-paid card cartel

Mastercard and four other companies broke UK law by engaging in cartel behaviour in the pre-paid card market, according to the country's Payment Systems Regulator (PSR).

/payments

Mastercard and PFS partner Jersey on card-based stimulus scheme

Mastercard and PFS (a company of EML) have partnered with the Government of Jersey to develop the World’s first card-based stimulus scheme.

Coronavirus crisis knocks EUR105 million off PFS purchase price

/payments

Coronavirus crisis knocks EUR105 million off PFS purchase price

EML Payments has negotiated a EUR105 million discount on a previously agreed deal to acquire Prepaid Financial Services, as the Covid-19 outbreak reshapes the economic landscape.

EML acquires Prepaid Financial Services for £226 million

EML acquires Prepaid Financial Services for £226 million

Ireland-based Prepaid Financial Services has agreed to sell 100% of its share capital to Australian payments firm EML for £226 million upfront plus an earn-out component worth £55 million.

/payments

EML payments buys PFS

Prepaid Financial Services Ireland Limited (PFS) is pleased to announce it has entered into a binding agreement to sell 100% of the share capital of the company to EML payments Ltd for an upfront enterprise value of £226 million excluding cash on hand (the Acquisition) plus an earn-out component of up to £55 million.

/devops

PFS to hire fifty more IT staff on move to new Irish HQ

Prepaid Financial Services is creating another 50+ new jobs in the Meath area of Ireland with other vacancies also being created in the London and Malta offices.

/payments

PFS brings Fitbit Pay to UK

Customers of PFS in the UK can add their Mastercard prepaid card to their device, enabling them to make payments on the go directly from their wrist. Fitbit Pay brings convenience and freedom to users to leave their smartphone and wallet at home, and easily make purchases at thousands of stores where contactless payments are already accepted.

PFS readies for Brexit with Irish license

Challenger FinTech PFS, one of Ireland’s largest issuers of payment cards, is Brexit-ready after receiving a license from the Irish financial Regulator, the Central Bank of Ireland.

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