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News/Findex
MasterCard has acquired Truaxis, a US firm that provides credit and debit card-linked offers to consumers through merchants and banks. Financial terms of the deal were not disclosed.
07 September 2012
UK mobile money outfit Monitise has again posted a substantial full year loss, despite more than doubling its revenue. Meanwhile, the firm has struck a deal with Bank of China to develop m-payments services in Hong Kong.
04 September 2012
Dutch bank ING has struck a C$3.1 billion deal to sell its online Canadian unit to Scotiabank, raising cash to pay back money lent by the Dutch government at the height of the financial crisis.
30 August 2012
Commonwealth Bank of Australia says it is beginning to reap the rewards of its $1.1 billion core banking modernisation programme, with a measurable increase in productivity contributing towards a $7.1 billion profit for the year ending 30 June.
15 August 2012
Starbucks has inked a deal with Square that sees the coffee chain commit to using the start-up's mobile payments technology in its stores, entrust it with all US card transaction processing and stump up $25 million towards a funding round.
08 August 2012
ING is weighing up the sale of its online banks in the UK and Canada as it looks to raise cash to pay back money lent by the Dutch government at the height of the financial crisis.
03 August 2012
The Royal Bank of Scotland has set aside £125 million to cover costs resulting from the technology failure that hit RBS, NatWest and Ulster Bank customers in June.
Thomson Reuters says its financial and risk business continued to suffer in the second quarter thanks to "growing headwinds" in the FS sector.
01 August 2012
UBS has warned Nasdaq OMX that it could take legal action to recover the CHF349 million ($357 million) it lost thanks to the exchange operator's "gross mishandling" of the Facebook IPO.
31 July 2012
TS-Associates has acquired the assets of latency management service provider Correlix. Financial terms of the deal were not disclosed.
30 July 2012
Nasdaq OMX posted a small second quarter net income rise as strong market data revenues helped to offset weak trading volumes.
25 July 2012
Text remittance outfit m-Via has been re-christened as Boom Financial after securing a $17 million financing round led by Digicel.
18 July 2012
The Currency Cloud, a UK-based start-up offering foreign exchange payments automation, has raised $2 million in funding from Notion Capital.
12 July 2012
Shares in Temenos plunged 20% in morning trading on news that the Swiss core banking vendor's CEO is quitting after just a year into the job for "personal reasons" while second quarter license revenue is down more than a third.
US payment startups Stripe and Paydiant have both completed multi-million dollar series b funding rounds.
10 July 2012
Thomson Reuters has agreed to acquire multi-bank electronic foreign exchange platform FX Alliance (FXall) for around $625 million in cash.
09 July 2012
Fino, a Mumbai-based financial services provider, has acquired the Indian mobile money service Finnish handset maker Nokia shut down earlier this year.
28 June 2012
Swedish start-up iZettle, which provides technology that turns mobile phones into card payment terminals, has raised EUR25 million in a series b funding round as it prepares to launch across Europe.
15 June 2012
Metro Bank has raised £126 million as it prepares to step up its assault on the high street with a raft of new branches in London and the South East.
11 June 2012
Tesco Bank sales dipped by 3.7% for the first quarter 2012 as the high street retailer diverted resources to completing its migration to a new technology platform.
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