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    Acquisition

    News about Acquisition.

    Rambus Security boss sets out future vision

    March 2nd, 2017

    PARTNER NEWS: Following this week’s rebranding of Bell ID and Ecebs, both acquired by Rambus in January 2016, the general manager of the company’s Rambus Security division to which the two companies now belong has set out his vision for the division going forward. “In essence,” Dr Martin Scott says, “Rambus Security not only enables the technologies that make your life easier, but secures them by delivering on the promise of chip-to-cloud-to-crowd trust.”

    Apple buys facial recognition startup

    February 20th, 2017

    Apple has acquired RealFace, an Israel-based facial recognition technology startup, in a deal estimated to be “several million dollars,” Israeli financial website Calcalist reports. RealFace uses deep learning to “detect a wide variety of elements in images and recognize faces of people with a fairly high degree of accuracy”.

    Ant Financial to buy MoneyGram for US$880m

    January 26th, 2017

    Alipay parent company Ant Financial has entered into a “definitive agreement” to acquire money transfer services provider MoneyGram for about US$880m. “The transaction will connect MoneyGram’s money transfer network of 2.4bn bank and mobile accounts and 350,000 physical locations with Ant Financial’s users,” Ant Financial says. “The combination will provide consumers in over 200 countries and territories with convenient and accessible financial services.”

    Volkswagen targets mobile payments business with parking service deal

    January 3rd, 2017

    Volkswagen Financial Services AG, the financial services division of German vehicle manufacturer Volkswagen Group, has bought mobile payment platform PayByPhone to “highly increase” its involvement in mobile payments around the world and to establish a… More

    STMicroelectronics to use NFC assets acquired from AMS to deliver next-generation solutions

    December 23rd, 2016

    PARTNER NEWS: STMicroelectronics (ST) will use its July acquisition of NFC and RFID products, resources, technologies and intellectual property from AMS to create a new generation of high-performance NFC solutions for both mass-market and vertical-market… More

    NXP to be bought by Qualcomm in US$47bn deal

    October 27th, 2016

    PARTNER NEWS: The US$47bn acquisition of NFC pioneer NXP by mobile chip giant Qualcomm will create the “leader of secure connected devices into the next decade” and address the emerging trends of internet of things… More

    AMS sells NFC and RFID reader business to STMicroelectronics

    July 29th, 2016

    PARTNER NEWS: Chip maker AMS has sold its NFC and RFID reader product lines to STMicroelectronics. AMS will continue to retain ownership of its NFC/RFID tag business, including the AS3955 NFC interface chip (NFiC) which AMS unveiled in May 2015. More

    Mastercard takes majority stake in VocaLink

    July 21st, 2016

    Mastercard has entered into a definitive agreement to acquire 92.4% of UK payments infrastructure operator VocaLink for approximately £700m (US$920m). “Under the agreement, a majority of VocaLink’s shareholders will retain 7.6% ownership for at least three years,” Mastercard says. “This acquisition accelerates Mastercard’s efforts to be an active participant in all types of electronic payments and payment flows and to enhance its services for the benefit of customers and partners.”

    Seamless buys MeaWallet

    July 13th, 2016

    Swedish mobile payment specialist Seamless has acquired third party mobile wallet provider MeaWallet. “The purchase price amounts to approximately SEK 42.8m (US$5.03m) and payment is made through an issue in kind of 4,574,328 new shares in Seamless,” Seamless says. “Through the acquisition, Seamless controls important technology in the rapidly growing field of contactless payments.”

    Visa seals deal on Visa Europe acquisition

    June 21st, 2016

    Visa has completed its acquisition of Visa Europe. “The combined, global company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, more than 40m merchant outlets and 3bn Visa accounts worldwide,” the payment network says. “Visa-branded cards and payment products enable approximately US$6.8trn in global payments volume annually.”

    European Commission approves Visa’s acquisition of Visa Europe

    June 3rd, 2016

    The European Commission has approved the proposed acquisition of Visa Europe by Visa. “Visa has now received all regulatory approvals required for the acquisition,” Visa says. “The transaction has already been cleared by both the Jersey and the Turkish competition authorities. The transaction is expected to close in Visa Inc’s fiscal third quarter of 2016. Visa will announce the closing once it has occurred.”

    Fitbit buys Coin’s wearable payment assets

    May 19th, 2016

    Fitness wristband maker Fitbit has acquired the wearable payment assets of connected device maker Coin in a move that will enable the company to add NFC payment capability to its future devices. More

    Visa amends financial details of Visa Europe acquisition

    April 25th, 2016

    Visa has reached a preliminary agreement to amend the transaction details of its Visa Europe acquisition in response to feedback from the European Commission. “Instead of an earn-out, the cash consideration payable in the transaction will be increased by €1.75 billion — €750m payable upon closing and €1bn, plus 4% compound annual interest, payable on the third anniversary of closing,” Visa says.

    Ingenico buys Think&Go

    April 11th, 2016

    POS terminal maker Ingenico has acquired NFC specialist Think&Go. “Think&Go has developed a technology that enables any kind of digital display to interact with connected objects such as smartphones and transit passes,” Ingenico says. “By drawing on Ingenico Group’s global network and R&D capabilities, Think&Go can now grow its business faster and achieve a twenty-fold increase in the number of screens deployed within three years.”

    PowaTag sold to investors

    March 7th, 2016

    Mobile payments platform PowaTag has been sold to a consortium led by entrepreneur Ben White, administrator Deloitte has confirmed, following news that its parent company Powa Technologies went into administration last month. The company’s ecommerce platform PowaWeb has also been sold to UK-based digital business group Greenlight Digital. The Financial Times reports that the sales were for “undisclosed amounts” and questions the “typically used” valuation of Powa Technologies at US$2.7bn.

    Bell ID acquired by chip maker Rambus’ digital security division

    January 26th, 2016

    PARTNER NEWS: Tokenization and mobile payments specialist Bell ID has been acquired by chip maker Rambus. Bell ID will form part of Rambus’ Cryptography Research division, which specialises in embedded security solutions including tamper resistance,… More

    NanoPay acquires Mintchip digital currency

    January 12th, 2016

    Mintchip, the digital currency developed and field tested in an NFC payments pilot by The Royal Canadian Mint, has been acquired by Loyalty Pays Holdings Corporation, a subsidiary of NanoPay. “NanoPay is now focused on expanding partnerships with central banks, commercial banks, telcos, acquirers, retailers as well as developers and POS providers that will further expand the utility and acceptance of MintChip,” the loyalty and payments platform provider says.

    Alipay parent seeks $1.5bn investment

    January 7th, 2016

    Alibaba affiliate Ant Financial, owner of mobile payment platform Alipay, is seeking an investment of at least 10bn yuan (US$1.5bn) ahead of a planned initial public offering, Bloomberg reports. “Ant Financial may use money from the current fundraising for acquisitions,” the publication says. Ant Financial made a strategic investment in Indian mobile payment platform Paytm in September 2015 after closing a Series A financing round that valued Ant Financial at more than US$45bn.

    Orange to launch its own bank

    January 6th, 2016

    Mobile network operator Orange has entered into negotiations to acquire a 65% stake in France’s Groupama Banque with a view to launching a 100% mobile bank. “The launch of Orange Bank is planned for early 2017 in France and on other European markets like Spain and Belgium,” Groupama Banque says. “Services cover daily banking, savings, loans and insurance.”

    Morpho acquires AirTag

    December 9th, 2015

    ID technology specialist Morpho has acquired mobile payment solutions provider AirTag for an undisclosed sum. “AirTag develops secure mobile transaction solutions; the company developed AirPass, a virtual bank card solution using host card emulation (HCE) technology and based on a proprietary tokenization platform,” Morpho says. “By combining their areas of expertise, the two companies will be able to manage the multiple security aspects involved in mobile payments.”

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