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Google has finished revamping its mobile payment offerings, bringing together Android Pay and Google Wallet in one product and creating a new brand called Google Pay. The new product merges Google’s existing mobile payment platforms. That includes Android Pay, which lets customers pay for things online and in stores with their Android phones, and Google [...]

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Thales has had its offer to buy struggling Gemalto accepted in a deal worth close to €4.8 billion. The agreement comes just days after Gemalto had rejected a €4.3 billion takeover proposal by Atos, which the company called “opportunistic”. “I am convinced that the combination with Thales is the best and the most promising option for [...]

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TSYS says it will buy payment processing firm Cayan for $1.05 billion in cash to expand its offerings to small and mid-sized US businesses. The deal is expected to modestly benefit TSYS’s net revenue growth and adjusted earnings per share in the first full year post closing, the payment processor said. TSYS expects to realise [...]

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Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk to US national security. Ant announced a deal to buy MoneyGram for about $880 million in cash almost a year ago, saying it would jump-start [...]

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A facial recognition surveillance test at a Berlin train station has been extended by six months. The experiment at Berlin Südkreuz train station has been ongoing since summer 2017. It comprises 300 volunteers who supplied ‘wanted photos’ of themselves and agreed to wear transponders to test the accuracy of the facial recognition software. “In more [...]

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