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Apple to Offer Text P2P Transfer and Stored Balance Account with Apple Pay Cash Card

The new Apple iPhone and operating system are set to launch in September and include new features likely to grow adoption of Apple Pay and contactless mobile payments at the physical point-of-sale. Apple Pay is set to rollout in several more countries by year’s end while the newest operating system (iOS 11) will support Apple

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First Data Acquires Digital Gift Card Distributor Transaction Wireless Inc.

Less than one year after the acquisition of digital gift card platform Gyft in 2014, First Data announced the acquisition of Transaction Wireless Inc., who provides open and closed loop prepaid and store-branded digital gift card management, on July 14th. Financial terms were not disclosed for either acquisition. The acquisition of Transaction Wireless increases First

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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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TSYS Enters Consumer Prepaid Market with Acquisition of NetSpend

Back-end processor TSYS finalized their acquisition of prepaid card firm NetSpend on July 1 as TSYS completed the $1.4 billion transaction and NetSpend was delisted from the stock exchange. The acquisition was first announced in February of this year. Read More

 
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