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First Data has signed a deal with Eufiserv to expand Eufiserv’s European interbank processing network in line with SEPA requirements and will acquire a 50% equity stake in the business. Eufiserv’s card scheme has already been spun off into a separate business. The joint venture could serve new payments institutions or a third scheme. European [...]

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BBS, Norwegian supplier of electronic ID services and payment and information solutions, is to acquire the e-commerce company Netaxept from DnB NOR. Netaxept is Norway’s largest provider of payment, financing and delivery solutions for online retailers. Britt Løkkheim from Netaxept has been appointed head of Netaxept in BBS, replacing CEO Hans Petter Evensen, who will [...]

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Austrian cashless payments provider Paylife has handed the contract for all of its acquirer processing to Telekurs, to start after the expiry of its present contract with First Data in 2010. Telekurs won the contract in competition with other processors including First Data. It means that Telekurs Card Solutions will increase the number transactions it [...]

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Equifax Inc. has agreed to acquire a 28% equity stake in Global Payments Credit Services LLC (GPCS), a leading credit information company in Russia, from Global Payments Europe, a subsidiary of Global Payments Inc. and Home Credit and Finance Bank of Russia (Home Credit). Pending regulatory approval, Equifax will re-brand the company and assume responsibility [...]

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ID Data has won a new contract worth an estimated $5 million to manufacture and deliver Multos multi application smart cards for Buypass, the leading Norwegian security, payment services and solutions provider. ID Data won the business against international competition. The result is likely to be one of the world’s largest implementations of Multos. Buypass [...]

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