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Swedish bank SEB is to sell its card acquiring business Euroline to private equity player Nordic Capital for SEK 2.2 billion. Euroline, which acquires Visa, MasterCard and Diners Club transactions and is a major e-commerce player in the Nordic region, handled volumes of around SEK 100 billion in 2013. SEB has issued nearly four million [...]

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Austria Card (Lykos Group), an internationally leading card manufacturer, increased its share in the Turkish personalization specialist Provus Kart Hizmetleri A.Ş. to 100%. Former Provus thereby started to operate under the new company name Austria Card Turkey Kart Operasyonları A.Ş. With the complete acquisition of Provus, Austria Card will play a pivotal role in the [...]

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MasterCard announced that it has entered into an agreement with Opus Software Solutions Pvt. Ltd.,  (“Opus”) to acquire its subsidiary, ElectraCard Services Private Limited, (“ECS”), a leading global provider of software solutions and processing services for electronic payment and card systems. MasterCard previously had a minority investment in ECS. This transaction is anticipated to close in [...]

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HID Global and Proxama, the global platform provider of mobile proximity marketing, mobile wallet and payment solutions, announced that they have partnered to create a solution enabling rapid deployment of secure mobile web-based coupon and loyalty schemes. The solution combines the loyalty capabilities of Proxama’s TapPoint platform with the security of HID Trusted Tag Services to [...]

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EPOS specialists, Comtrex Systems have announced a partnership with digital consumer engagement experts Eagle Eye Solutions. Their platform, Eagle Eye AIR, allows merchants to easily connect with potential and existing customers to deliver relevant offers, rewards and services that can be redeemed securely through any point of sale. Following a successful engagement supporting the Tesco [...]

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