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Alibaba Spin Off to Acquire MoneyGram for $880 Million

Ant Financial Services Group, the Alibaba Group affiliate formerly known as Alipay, announced the acquisition of major money remittance company Money Gram for $880 million. While already the online payments leader in China, this acquisition would greatly increase Ant’s international and U.S. presence, with the acquisition expected to close in the second half of the

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American Express Leverages Cardholder Online Login Information for Faster Online and Mobile Purchases with Amex Express Checkout

Following Visa Checkout and MasterPass, American Express launched their new Amex Express Checkout service in July, but doesn’t want it to be labeled a wallet. Cardholders that login to view or pay statements online can use the same user ID and password to submit payments online via PCs, mobile web browsers and mobile apps, and

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Optimal Payments to Combine Digital Wallets Neteller and Skrill following Acquisition

In late March Optimal Payments, the company behind the e-wallet Neteller, reached an agreement to acquire one of their primary competitors, Skrill, for €1.1 billion ($1.2 billion) in a reverse-takeover deal. Both companies offer digital wallets and payment services while both are also well known in Europe and in the online gaming and gambling markets.

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Visa Replaces V.me with Visa Checkout, Adds New Merchants

Visa launched their e-wallet, V.me, in late 2011, but this was discontinued in July, 2014 in favor of Visa’s new, although quite similar service, Visa Checkout. Since launch Visa has signed on notable merchants to accept Visa Checkout and will soon begin a major advertising push to drive consumer adoption. Visa has discontinued their original

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Websites Can Let Customers Checkout Through Amazon

Amazon is reemerging as a third-party payment provider leveraging the hundreds of millions of Amazon buyers that already trust their payment credentials with the online titan by providing the option to “Login and Pay with Amazon” on other merchant’s eCommerce sites. Read More

 
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Private Equity Firm Acquires European Alternative Payment Provider Skrill

CVC Capital Partners acquired majority stake in Skrill Group Plc with a purchase valuing the alternative payment provider at €600 million ($800 million). Read More

 
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PayPal Expands Brick-and-Mortar Presence via VeriFone POS Terminals

eBay owned PayPal first announced their mobile wallet and push into Customer Present payments in late 2011. Now following trials with their mobile wallet at Home Depot stores, PayPal has announced their licensing, marketing and implementation agreement with VeriFone bringing the PayPal payment option to many POS terminals. Read More

 
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