Priceline, the world’s leading accommodation booking platform, is to buy restaurant booking service OpenTable for $103 per share in an all-cash transaction valued at US$2.6billion. OpenTable, which has been testing mobile payments in San Francisco, has seated more than 125million diners worldwide while one million guests stay in accommodation booked by Priceline every night.
- US merchant groups call for creation of open tokenization standards
- Facebook closes gifts business
- Amazon Wallet teams up with Blackhawk
- Square unveils EMV card reader
- Nestle runs NFC marketing campaign in 480 Woolworth stores across Australia