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2099 articles tagged with this keyword

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Bank of America and First Data set up merchant processing JV

Bank of America has outsourced its merchant processing to a new joint venture company established with First Data.

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VisaNet IPO totals $4.3bn

Visa's Brazilian affiliate VisaNet is raising around $4.3 billion in its initial public offering, the biggest in the world for over a year.

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Swings and roundabouts at Misys as gains in banking offset treasury decline

Banking to healthcare vendor Misys is reporting a five per cent rise in like-for-like revenue at its banking division and a two per cent decline in its treasury and capital markets business, in an unaudited trading statement for the year ended 31 May 2009.

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Clear2Pay buys China's ETH Tech

Belgian payments outfit Clear2Pay has moved to increase its presence in the lucrative Chinese market by agreeing a deal to buy Beijing-based vendor ETH Tech. Financial terms were not disclosed.

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TD takes Yieldbroker stake

The Toronto-Dominion Bank (TD) has acquired a stake in Sydney-based electronic trading outfit Yieldbroker. Financial terms were not disclosed.

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Thomson Reuters to exit from London listing

Thomson Reuters is to quit the London Stock Exchange and Nasdaq in favour of Nyse and the Toronto Stock Exchange as it moves to abandon its troublesome trans-Atlantic dual listed company structure.

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Citi in talks to sell IT assets - Economic Times

Citibank is currently in discussions with Indian IT firms Tata Consultancy Services (TCS) and Wipro, among others, to sell some of its internal IT platforms, according to local press reports.

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Nyse Euronext pays $200m for 20% stake in Qatar Exchange

Nyse Euronext is paying $200 million to take a 20% stake in the newly formed Qatar Exchange, in a deal that will also see the transatlantic bourse provide the new venture's technology platform.

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TD Waterhouse acquires Hoodless Brennan execution-only business

TD Waterhouse is to acquire the online share dealing business of independent stockbroker Hoodless Brennan following the company's decision to withdraw from the execution-only consumer marketplace.

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PwC acquires bankrupt BearingPoint assets

PricewaterhouseCoopers (PwC) has acquired the majority of BearingPoint's North American Commercial Services practice in a transaction approved by the New York bankruptcy courts.

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M-payments start-up Boku raises $13 million; acquires Paymo and Mobillcash

San Francisco-based online mobile payments start-up Boku has raised $13 million in venture funding and acquired micropayments outfit Paymo and m-payments firm Mobillcash.

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NCR to build new Brazilian ATM plant

US ATM supplier NCR is to invest R$73 million to build a new manufacturing plant in Brazil that will create 250 new jobs.

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Global Payments acquires remaining 49% stake in HSBC Merchant Services JV

US transaction processor Global Payments has acquired the remaining 49% interest in its merchant services joint venture in the United Kingdom from HSBC Bank for $307.7 million in cash.

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BBS agrees acquisition of Ingenico's Danish and Finnish units

Bank-owned Norwegian e-payments processor BBS has agreed a deal to acquire Sagem Denmark and Sagem Manison Finland from Ingenico for an undisclosed cash fee.

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Ballista gets funding

Ballista Holdings, operator of an ATS for block options and delta neutral orders, has received funding from a group of investors including the International Securities Exchange, Knight Capital Group, Morgan Stanley and Susquehanna Growth Equity.

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Online lender Wonga.com secures $22m financing round

Wonga.com, an online provider of short-term cash advances launched last year, has completed a new round of funding led by Accel Partners and Greylock Partners. The $22.25m round was also supported by existing investor Balderton Capital.

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Capita acquires Capmark's European financial services units

UK outsourcer The Capita Group has acquired the European loan, asset management and commercial mortgage backed securities (CMBS) administration services of US-based Capmark Financial Group for a cash consideration of approximately £10 million.

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Intuit to acquire PayCycle for $170 million

Intuit is to acquire US online payroll outfit PayCycle for $170 million in an all-cash transaction.

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NCR moves corporate headquarters from Ohio to Georgia

ATM vendor NCR says it will create around 2000 jobs in Georgia by moving its corporate headquarters to the state from Ohio and opening a new manufacturing plant.