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Tag: payments
Vodafone adds bank card payments to NFC wallet
2015-03-30 02:00:00| Total Telecom industry news
Telco to enhance service in Europe in Q2 thanks to new deals with Visa, transaction provider Carta Worldwide.
Texas high court hears case on gas royalty payments
2015-03-29 17:30:15| Oil & Gas - Topix.net
Chesapeake Energy went to the Texas Supreme Court last week to defend how it deducted post-production costs from royalty checks in a case that is being widely watched by the oil and gas industry and property owners suing the company for millions of dollars. Chesapeake is appealing a San Antonio appeals court ruling from 2014 upholding a state district court decision that awarded the prominent Hyder family of Fort Worth at least $1 million in royalties, interest and attorneys fees.
PayPal fined for illegal payments
2015-03-26 16:34:53| BBC News | Business | UK Edition
PayPal agrees a 5.1m payout over allegations it allowed payments from accounts deemed enemies of the state by the US government.
Tags: paypal
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Proposed Acquisition by Optimal Payments of Skrill to Create Leading Global Player in Online Payment and Digital Wallet Services
2015-03-26 11:31:09| Industrial Newsroom - All News for Today
Acquisition Will Diversify Customer Base, Product Offering, Geographic Exposure and Sector Presence MONTREAL and NEW YORK Optimal Payments Plc (LSE AIM: OPAY, "Optimal Payments" or the "Optimal Payments Group"), a global provider of online and mobile payment processing services, has entered into an agreement to...
Tags: online
services
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digital
Optimal Payments to buy Skrill for EUR 1.1 bln
2015-03-23 13:42:00| Telecompaper Headlines
(Telecompaper) UK-based online and mobile payment services provider Optimal Payments announced an agreement to acquire Skrill, a provider of prepaid services in Europe, for EUR 1.1 billion including debt. Skril's holding company Sentinel is owned by the private equity funds CVC, Investcorp and other shareholders. They will receive EUR 720 million cash and a 7.9 percent stake in the merged group. The deal values Skrill's equity at 9.4 times EBITDA for the year to September, including expected synergies from the merger of EUR 40 million per year. Skril provides a range of digital wallet services, including the paysafecard for online purchases, while Optimal Payments operates the online money transfer service Netelller. Optimal Payments has received backing from its shareholders to raise GBP 451 million in a rights issue. A new credit facillity of EUR 500 million will also support the acquisition plans. Subject to shareholder approval and the rights issue, the acquisition is expected to close in Q3.
Tags: buy
eur
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optimal
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