Towards the end of 2012 Sberbank, the largest state-owned bank in Russia, purchased 75 percent stake in the online payment service Yandex.Money which was valued at $60 million. Yandex, the most popular search engine in Russia, was seeking investors as they were unable to expand the fast growing online payment service on their own. Read
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In mid-September data analytics provider FICO announced they would acquire Adeptra Ltd., a privately held company based out of the UK offering cloud-based customer engagement and risk intervention solutions, for $115 million in cash. Read More
To complement their payment capabilities and continue to innovate their mobile wallet, Google acquired payments technology company TxVia in early April for an undisclosed price. Read More
Prepaid card provider Green Dot Corp. recently announced their acquisition of Loopt, a location-based mobile app, for $43.4 million. Green Dot said that purchasing Loopt, with several relevant patents, will provide the opportunity for them to become a leader in mobile wallets. Read More
On November 28th the credit reporting bureau and global information services company Experian agreed to acquire the identity verification and fraud screening company 192business for an undisclosed price. The acquisition is still subject to approval by the UK’s Office of Fair Trading. 192business is the leading identity verification provider in the UK with more 1,000 organizations
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