Findex

2099 articles tagged with this keyword

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Gremlins strike again at LSE; Chi-X rails at suspension, calls for total shutdown

The London Stock Exchange is once again grappling with technical problems on a day when its shares have taken a hammering on fears that Borse Dubai may be forced to dump its 20% stake in the UK market.

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Portrait swings to H1 profit

Aim-listed CRM vendor Portrait Software swung to a first half profit, boosted by a doubling of license sales and strong progress in the US market.

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Credit Agricole and Equens in payment processing 'merger' talks

France's Credit Agricole has signed an agreement to "explore the possibility" of merging its card and payment processing operations with Equens.

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Interactive Data to buy Online Financial Solutions assets from Dow Jones

Interactive Data has agreed to buy the assets of Online Financial Solutions (OFS) from Dow Jones.

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Citi to sell Diners Club North American business to BMO

Citi has signed a definitive agreement to sell its Diners Club North America card business to Bank of Montreal (BMO). Financial terms were not disclosed.

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Sterci to take 25% equity stake in Simplex

Swiss-based STP vendor Sterci is to acquire a 25% equity stake in back office software house and Swift Service Bureau operator Simplex Consulting.

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Earthport secures £3.25 million first-year franchise deal

UK-based digital payments firm Earthport is set to take receipt of a first-year £3.25 million franchise fee from Zink Financial for the territories of Central America, South America and the caribbean.

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Gemalto in talks to buy Xiring banking business

Amsterdam-based digital security vendor Gemalto has entered into exclusive negotiations to buy the banking unit of French authentication outfit Xiring. Terms of the proposed deal were not disclosed.

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Deutsche Börse acquires machine-readable data specialist Need to Know News

Deutsche Börse has acquired US financial news outfit Need to Know News, in an effort to raise the profile of its market data and analytical offerings with algorithmic traders.

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Global Payments to sell money transfer units to Palladium Equity

US-based transaction processor Global Payments has agreed to sell its money transfer businesses to private-equity firm Palladium Equity Partners in a deal that could be worth up to $110 million.

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American Express to acquire Revolution Money

American Express is to acquire Revolution Money, a two-year old start-up founded with the express aim of emulating Paypal in online payments and circumventing plastic card interchange fees in the offline realm.

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Visa invests in authentication outfit Emue

Visa Europe has taken a stake in authentication specialist Emue Technologies, with which it has been developing a card that contains a display for generating one-time numeric codes. The size of the investment was not disclosed.

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VocaLink restructures business for European push; CCO Wilson steps down

UK payments processor VocaLink has outlined plans to split the business into three units - clearings, cards and Euro services - as it bids to take advantage of Sepa and expand its presence on the continent.

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Dow Jones to sell Stoxx stake to Deutsche Börse and Six Group

Dow Jones has agreed to sell its 33.3% stake in Swiss index provider Stoxx to Deutsche Börse and Six Group for EUR206.1 million in cash.

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Prosper raises $1 million in debt financing

US P2P lending outfit Prosper has sold a convertible promissory note worth $1 million at 15% per annum interest to the venture capital firm run by Capital One co-founder Nigel Morris.

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Heartland forced to update Q3 results as data breach costs rack up

Heartland Payment Systems has revised its third quarter results after doubling the provision - to $73.3 million - for expenses related to the massive data breach it suffered last year.

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Carlyle Group takes over OpenLink

Private equity house Carlyle has agreed to purchase OpenLink Financial, a software developer for the commodity, energy and financial services industries, from TA Associates. The terms of the transaction were not disclosed.

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ConvergEx to acquire Nyfix US Transaction Services business

ConvergEx has agreed to acquire the US electronic agency execution business of Nyfix Transaction Services, comprising the Millennium Alternative Trading System (ATS) and its direct market access (DMA) and algorithmic products.

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Firstsource stakeholders look to sell up - Reuters

ICICI Bank, US technology group Metavante and Singapore state investor Temasek have revived plans to sell their stakes in Indian BPO venture Firstsource, according to Reuters.

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WorldPay founder moves to buy business back from RBS

The founder of online payments operator WorldPay, Nick Ogden, has formally approached the Royal Bank of Scotland about buying the business back.