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Experian has confirmed that it is in exclusive advanced discussions with Doc@Post, a subsidiary of La Poste, and Advent International, the global private equity firm, which may lead to the divestment of its French transaction processing activities. Last January, Experian said its French processing unit formed part of the strategic review it was undertaking. Its [...]

The post Experian may sell French processing business appeared first on Payments Cards & Mobile.

While less robust investors flee the Russian market, US-based Global Payments Inc. has agreed to acquire ZAO United Card Service, the country’s biggest acquirer and processor of international credit cards, from ZAO United Investments for $120 million in cash. With nearly 40 years of activity, UCS is one of the original pioneers of the credit/charge [...]

The post Global Payments in deal to buy Russia’s UCS appeared first on Payments Cards & Mobile.

The arrival of digital printing on plastic is having a profound effect on the production of personalised cards. Now cards can be printed from scratch on demand, which means that the expensive practice of storing blank cards securely in a vault is obsolete and that blank cards no longer sit on companies’ balance sheets as [...]

The post On-demand personalised card manufacture with a difference appeared first on Payments Cards & Mobile.

Base24 is the industry standard for transaction switching systems and is going to be discontinued after 2011. Its proposed replacement from IBM is not wanted by everyone, but Base24, which originated with Tandem Computers, is an old platform that is becoming too expensive to maintain. Consultancy PayX has just published a report on Card Acquiring [...]

The post PayX offers exhaustive research on would-be Base24 replacements appeared first on Payments Cards & Mobile.

Mashreq the largest privately held bank in the United Arab Emirates, has chosen Postilion solutions to replace its payment switch infrastructure. This includes driving the bank’s ATM network, POS terminals and introducing new integrated POS services for retail merchants. Postilion claims this delivers operational improvements and financial savings to Mashreq, as well as offering its [...]

The post Mashreq chooses Postilion for payments switch infrastructure appeared first on Payments Cards & Mobile.