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4073 articles tagged with this keyword

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Numbrs raises EUR6.1m for mobile app connecting bank accounts

Numbrs, a Swiss start-up developing a mobile money app that lets users access all their bank accounts in one place, has secured a EUR6.1 million investment from Net firm incubator Centralway.

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Google buys minority stake in Lending Club

Google has become a minority stake-holder in Lending Club after leading a $125 million deal to buy a share in the peer-to-peer loan specialist from existing investors.

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Diebold posts Q1 net loss; cuts 700 jobs

Struggling ATM manufacturer Diebold is axing around 700 jobs, mostly in North America, as part of a 'realignment plan' designed to save up to $150 million.

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Dwolla secures new $16.5 million funding round

Payments start-up Dwolla has secured a $16.5 million funding round led by Andreesen Horowitz as it bids to develop a cheaper alternative to bank-owned payment networks and card schemes.

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LME terminates lucrative Xchanging contract

Xchanging has lost a £25 million per annum infrastructure servicing contract with the London Metal Exchange as the LME's new owners call time on a profitable eight-year relationship for the BPO provider.

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Lloyds plans IPO for TSB branch network after Co-op pulls out of deal

The Co-operative Group has pulled out a deal to buy 632 branches from Lloyds Banking Group, which says it will now spin off the network in an IPO.

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Payments start-up ZooZ raises $2m

US mobile and online payments start-up ZooZ has raised $2 million in a series a funding round led by XSeed Capital.

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Fidessa shares slide on warning of flat 2013

Shares in Fidessa fell more than five per cent in morning trading after the fintech vendor warned that continuing tough market conditions will make growth "challenging".

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PayPal buys customer acquisition start-up Iron Pearl

As it bids to boost its 123 million-strong user base, PayPal has acquired Iron Pearl, a start up specialising in customer acquisition and engagement. Financial terms of the deal were not disclosed.

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FXCM makes Gain Capital takeover offer

Online foreign exchange trading platform FXCM has offered to buy rival Gain Capital for $210.4 million in stock.

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Italian chip and PIN mobile card reader outfit Jusp raises $6m

Having secured $6 million in funding, Italy's Jusp is set to become the latest firm to enter the crowded European market for app and chip and PIN dongle systems that turn mobile phones into card payment terminals.

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First Derivates stumbles on legacy Cognotec debt

Shares in UK capital markets tech house First Derivates slipped in early morning trading as the vendor warned that it may have to take a "significant" provision against an unpaid debt owed to its Cognotec unit.

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Nasdaq OMX agrees eSpeed acquisition

Nasdaq OMX has struck a deal to buy electronic US Treasuries trading platform eSpeed from BGC Partners for $750 million in cash.

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Temenos targets US SaaS banking market through TriNovus acquisition

Temenos has acquired TriNovus in a move designed to help the Swiss core banking vendor break into the US software-as-a-service (SaaS) market.

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EMCF and EuroCCP agree merger

Pan-European cash equities clearing houses EuroCCP and the European Mulitlateral Clearing Facility (EMCF) have agreed to merge their operations.

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Monitise set for revenue boost from new three-year Visa deal

UK mobile payment outfit Monitise has provisionally entered a new three-year agreement with Visa Europe guaranteeing a minimum of EUR45 million in revenues over the course of the term.

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Ex-COO Cullinane leaves Temenos

Former Temenos chief operating officer Mark Cullinane has left after nearly 10 years with the Swiss core banking vendor.

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Russian mobile payments outfit uBank raises $8m

Russian mobile payments start-up uBank has raised $8 million in series a funding from Runa Capital as it prepares to expand outside of its home market.

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Atos to spin off payments business

IT services group Atos is to spin off its transactional services business to create a dedicated entity serving the evolving European payments landscape.

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Tsys agrees $1.4bn NetSpend acquisition

Payments processor Tsys has agreed to buy NetSpend, a provider of pre-paid debit cards to America's underbanked, for around $1.4 billion in cash.