Monday, 17 July 2017
Worldline to Acquire Digital River World Payments
Worldline announces it has entered into a definitive agreement to acquire 100 percent of the share capital of Digital River World Payments (DRWP.
Founded in 1997 and headquartered in Stockholm, Sweden, DRWP is a subsidiary of Digital River and employs approximately 120 employees worldwide. With global payment gateway, multi-acquiring and collecting services under one roof and having generated yearly gross revenue of c. 37 million euros in 2016.
"By joining forces with Worldline, DRWP gains a strategic owner with deep expertise in the global payments processing industry, giving us the opportunity to expand our capabilities and further extend our investment in and commitment to operational excellence for the benefit of our clients. Like Digital River, Worldline is committed to the payments business and our enterprise clients. We look forward to the strength and increased differentiation that results from the combination, including expanded service flexibility, continued investment into back-office reconciliation and reporting capabilities, and a shared commitment to helping our clients and acquiring partners continue to expand their online businesses."
This acquisition presents an important milestone in the execution of the Worldline Group's strategy in Merchant Services, as it will significantly expand its geographical reach and capabilities to address global merchants' needs.
The Worldline Group intends to leverage the experienced and recognised management of DRWP as well as strong complementary technologies and a shared commitment to service between the two companies.
The transaction is expected to close on or before the end of the third quarter of 2017. The transaction is subject to work councils' information and consultation processes in Atos and Worldline, as well as regulatory and antitrust authorities' approvals, and other customary closing conditions
The Handbag with an APP - Fashion meets Tech
The world's smartest luxury handbag empowers women to achieve more and points the way to the Future of wearable tech and fashion.
London Start up FYB London, are the first to lead in combining fashion and technology, integrating the latest smart technology to offer usability and security into its Collection of smart Handbags and Luggage. Features include a wireless phone charging pocket (with wired option), allowing you to charge your phone on the move and stay connected. Fingerprint recognition locks offer increased security without needing to remember combinations whilst Bluetooth capability allows customers to open their bag with their smartphone in hand. Bluetooth capability also pairs with an app for a proximity alert if your bag strays a certain distance away ensuring it is never left behind or simply picked up and taken away.
Co-Founder of FYB London says "This revolution in the fashion industry provides aspirational women the tools they need to live the 24hr lifestyle without limitations; we believe this is the future of fashion, not only to be on trend but to provide truly beneficial features to enable consumers to live a life connected".
Award-Winning Pronto Forensics Reduces Crime Scene Processing from Hours to Minutes
Motorola Solutions today announced how a 200-strong Crime Scene Investigations (CSI) unit operating in northern England is using the Pronto Forensics mobile solution to cut evidence entry into the criminal justice system to mere minutes, alleviating some of the administrative pressure felt by forces across the country.
West Yorkshire Police is the fourth largest police service in the country, serving approximately 2.2 million people. The service polices both rural areas and large metropolitan districts such as Bradford, Leeds and Wakefield. This new agreement builds on West Yorkshire Police's existing use of the Pronto service, which saw officers take more than 4,000 witness statements via handheld devices in April alone.
The CSI unit operating across West Yorkshire, South Yorkshire, North Yorkshire and Humberside police forces has implemented the Pronto Forensics suite. It has automated many steps in the forensic 'bag and tag' procedure, resulting in the processing of more crime scenes per shift, while strengthening chain of evidence security.
The innovative partnership was recently recognised at the Public Sector Paperless awards where West Yorkshire Police won the "Process and Workflow - Project of the Year" category for its use of digital technology to support all frontline policing. The awards acknowledge, celebrate and reward exceptional progress towards the goal to becoming a paperless environment.
"In many cases the very important work done by CSI teams is not as glamorous as TV shows would have some believe. From simple break and entries to complex homicides, almost a quarter of an investigator's time can be spent simply documenting items. Now, evidence is making its way into the criminal justice system in minutes, not hours," said Ian Williams, Chief Inspector, Digital Policing lead for West Yorkshire Police.
Safran Identity & Security Reveals its Contribution to the New Mastercard Biometric Card
Safran Identity & Security (ex Morpho) announced today that it is contributing with biometric card software and manufacturing capacities for the recently announced Mastercard next generation biometric card.
This new generation payment card combines chip technology and biometrics to a strong and convenient means of authentication at the Point of Sale (POS). Instead of entering a PIN, cardholders simply place their finger onto the card. Their fingerprint is then matched against the biometric template on the card.
Its ability to link an individual's biometric identity to a payment card opens up a wide range of new ways to use the card beyond authenticating payment transactions. Furthermore, the card helps issuers to reduce fraud and increase customer loyalty by ensuring that their card stays on top of their customer's wallets.
"We are proud to leverage our unique biometric expertise and facilitate the future of payments together with Mastercard. Biometrics enables seamless payment transactions without compromising security" commented Anne Bouverot, president and chair of Safran Identity & Security.
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