Payments

Blackhawk Adds Two Gift Card Platforms to Its E-Commerce Portfolio

Today, Blackhawk Network, a prepaid and payments network, announced the acquisition of two gift card-focused platforms—GiftCards.com and OmniCard—for approximately $120 million. FT Partners served as exclusive strategic and financial advisors to Omni Prepaid in this transaction. The purchase price will be funded with both cash and borrowings under an existing...

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Payments

MasterCard Taps into Wearables in Partnership with Coin. What Could It Mean for Apple Watch?

Exciting announcements are coming one after another from the CES conference in Las Vegas. One of the companies unveiling innovative initiatives is MasterCard. Yesterday the company presented Groceries by MasterCard, a new app that enables consumers to order groceries directly from Samsung’s new Family Hub refrigerator, which will be available...

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Enabling Technologies

Walmart Brings MasterPass to Its Online Checkout. What Does This Mean for PayPal and Others?

MasterCard announced the acquisition of a new client for its MasterPass checkout solution. Unfortunately for PayPal and maybe MCX, the client is Walmart. The retail giant will accept MasterPass in 2016 across its domestic online properties. MasterPass by MasterCard is a digital payments platform that enhances the online and mobile...

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Payments

US Wealth Management Industry Report

The wealth management industry continues to grow globally. Global HNWI (high net worth individuals) population and wealth expanded at moderate rates in 2014. The ultra-HNWIs which account for approximately 35% of HNWI wealth were significant drivers of global HNWI population and wealth growth in 2014. US HNWIs is a dominant...

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Payments

2C2P Signs Strategic Partnership With SafeCharge

Southeast Asian merchants can tap into the 2015 US$538 billion North American and the US$447 billion B2C e-commerce market (eMarketer) SINGAPORE and LONDON, [Press Release] – Southeast Asia’s leading payments company 2C2P has teamed up with SafeCharge International Group Ltd, a leader in advanced payment technologies. Through this strategic partnership, Southeast...

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BankTech

Insights on SME Lending in 2016 from Bizfi and Metropolitan Equity Partners

On December 15, Bizfi, a FinTech company whose online small-business finance platform combines aggregation, funding and a participation marketplace, announced that Metropolitan Equity Partners (“Metropolitan”) has provided a structured financing facility of $65 million to the company to drive growth. Bizfi and its proprietary marketplace and funding technologies have provided...

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