4073 articles tagged with this keyword
News/Findex
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.
23 November 2009
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.
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.
20 November 2009
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.
18 November 2009
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.
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.
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.
16 November 2009
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.
12 November 2009
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.
11 November 2009
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.
10 November 2009
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.
09 November 2009
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.
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.
The founder of online payments operator WorldPay, Nick Ogden, has formally approached the Royal Bank of Scotland about buying the business back.
06 November 2009
Sungard has reported a 15% decline in organic revenue from its financial services business in the third quarter and warned of an ongoing deterioration in its broker-dealer operations.
Thomson Reuters posted a 59% fall in net earnings for the third quarter on integration costs and lower revenues at the recession-hit markets division.
05 November 2009
Penson Worldwide has entered into a deal to buy the clearing contracts of Broadridge Financial Solutions' Ridge business for up to $70 million and then outsource some technology and processing services to the seller.
03 November 2009
The shake-up in UK financial services resulting from the state-backed bail out of Royal Bank of Scotland and Lloyds Banking Group will see the sale of telephone insurance operation Direct Line and Internet bank Intelligent Finance and a wholesale restructuring of the UK's branch banking network.
Online financial services firm Saxo Bank has acquired a 40% stake in Danish offshore software and IT service provider Initto.
02 November 2009
Nyse Euronext has reported a 28% drop in third quarter profit amid steep declines in revenue from cash equity trading in Europe and the US. The exchange operator has also sold off a significant equity stake in its futures business Nyse Liffe US to a group of five leading banks and liquidity providers.
30 October 2009
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