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Klarna agrees £60 million deal to acquire Wonga's BillPay

Fast-growing Swedish payments startup Klarna has acquired Germany's BillPay, a Berlin-based consumer financing outfit owned by UK payday lender Wonga.

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ATM explosion gang get thirty year jail term

Three men have been sentenced to over 30 years in prison for using ‘explosive gas’ to rob 27 ATMs across London and the Home Counties.

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UK Government opens consultation on PSD2

The revised directive on payment services in the internal market, more commonly known as the Payment Services Directive II, or PSDII, was published on 23 December 2015.

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Diebold Nixdorf establishes direct presence in Myanmar

Diebold Nixdorf, a leading innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, today announced the opening of an office in Yangon, Myanmar, creating a direct presence in the country for the newly combined company.

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Virgin Money Giving launches new payments platform with Worldpay

Virgin Money Giving, the not-for-profit fundraising site, has teamed up with Worldpay to roll out its new online payments platform in time for the 2017 Virgin Money London Marathon.

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Worldpay poaches Santander innovation head

Santander's head of global innovation Peter Jackson is moving to Worldpay as its UK chief executive.

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Barclaycard readies for Pay by Bank app roll out

Barclaycard, which has an overview of nearly half of the UK’s credit and debit card transactions, is partnering with VocaLink to enable its merchants to accept mobile payments through Pay by Bank app.

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Mastercard and UniRush hit with $13m CFPB bill over 2015 customer lockout

Mastercard and UniRush have been ordered by the Consumer Financial Protection Bureau (CFPB) to pay $13 million over a technology breakdown in 2015 which left tens of thousands of customers unable to access their money.

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National ATM Council defines 2017 as a make-or-break year for the industry

This is traditionally a time to reflect on the past year and look forward to the New Year ahead.

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SoFi moves beyond lending with acquisition of mobile banking startup Zenbanx

Online lender SoFi is stepping up its efforts to take on America's banks by buying fellow fintech player Zenbanx, enabling it to offer checking accounts, credit cards and international money transfers. Financial terms were not disclosed.

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Chargebacks 911 and ACI Worldwide enter collaboration

Chargebacks911™, a Global Risk Technologies company and an internationally-renowned leader for risk mitigation, has today announced a new collaboration with ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions.

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After raising $5m, Qvivr gears up to launch wallet-replacing card

Qvivr, a US startup promising to replace the credit, debit, gift and loyalty cards in customers' wallets with a single card and app combo, has raised $5 million in a Series A funding round led by Khosla Ventures.

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Mastercard Q4 profits rise

Mastercard Incorporated (NYSE:MA) today announced financial results for the fourth quarter and full year 2016. The company reported net income of $933 million, an increase of 5%, or 4% on a currency-neutral basis and earnings per diluted share of $0.86, up 9%, or 7% on a currency-neutral basis, both versus the year-ago period.

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AIB continues to waive the transaction fee for contactless payments

AIB today confirms its intention to continue to waive the transaction fee for contactless payments.

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Green Dot to acquires UniRush for $167 million

Green Dot Corporation (NYSE:GDOT) today announced that it has entered into an agreement to acquire UniRush, LLC, and its operating businesses RushCard, a leading online direct-to-consumer general purpose reloadable prepaid card provider, and Rapid! PayCard, a leading corporate payroll card provider.

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Ingenico to acquire Indian payment processor TechProcess

Ingenico Group announced today it has reached an agreement in principle to acquire 100% of TechProcess Payment Services Ltd (“TechProcess”), a leading Indian electronic payments services provider from its current shareholders (major global and Indian investors).

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Vantiv to market CardFlight mobile POS

CardFlight, a mobile point of sale (POS) technology provider and Vantiv, Inc., a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced that Vantiv will be offering CardFlight's SwipeSimple mobile POS solution to its merchants.

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American Express joins Hyperledger Project

Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced today American Express has joined the project as a Premier Member.

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Mastercard welcomes UK court ruling on interchange fees

Mastercard statement on favorable judgment of Popplewell J. of the UK Commercial Court regarding UK retailer action on Interchange Fees.

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Nearly two in five shoppers have used their phones to pay in store - MEF

Will the phone ever replace the wallet? New research suggests it could, with 18 per cent of shoppers saying they have used their phones to pay in a shop.