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Contracts, Daily News, First Data, First Data Baltics, Issuing & Acquiring, payment processor, Processing & Systems, Worldline -

Worldline says it has signed an agreement with First Data for the acquisition of 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia, Estonia (together “First Data Baltics” or “FDB”) for c.€73 million, financed by available cash. Having generated revenue of c.€23 million in 2016, FDB currently employs 200 employees [...]

The post Worldline to acquire the leading payment processor in the Baltics – First Data Baltics appeared first on Payments Cards & Mobile.

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Daily News, Issuing & Acquiring, MasterCard, payment processor, Visa -

Rival payment processors MasterCard and Visa both posted higher earnings than Wall Street expected as US customers increased card spending at the end of 2015, a period including the lucrative holiday shopping season. MasterCard reported profit of 79 cents a share on Friday, topping the 70-cent average of analysts’ projections, while Visa’s earnings of 69 cents a share, excluding some items, compared [...]

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