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Welcome to TransactionWorld.com. The goal of this site is to aggregate and deliver news and information important to ISOs and Merchant Service Providers in one convenient format.

We welcome information and press from sources offering useful and interesting industry specific information connected to transactions, payment processing, merchant services and more.

21 December 2009 0 Comments

Galileo, PreCash sign extend agreement

Salt Lake City, Dec. 18, 2009 — Galileo Processing, Inc., the leading provider of next-generation financial payment processing solutions, today announced that it has reached a five-year extension agreement with client PreCash, a provider of prepaid debit card solutions and other convenient, real-time payment services that convert cash into electronic payments. Galileo is currently the processor for PreCash reloadable prepaid cards, including the Vision Premier® Prepaid Visa® Card (http://www.visionprepaid.com/ ), the Direct® Vision Prepaid Visa® Card, the MetroPCS Visa® Prepaid Card and other programs.

21 December 2009 0 Comments

Gemalto completes acquisition of Xiring’s banking activity

Amsterdam and Suresnes, France, Dec. 16, 2009 — Regulatory News: Gemalto (Euronext NL0000400653 – GTO), the world leader in digital security and XIRING, a security solutions provider for remote transactions, today announced that they have completed their exclusive negotiations and signed a binding contract related to the acquisition by Gemalto of the XIRING banking activity for 20 million euros.

21 December 2009 0 Comments

mFoundry no. 1 in Top 10 list

San Francisco, Dec. 18, 2009 — Mobile financial services leader mFoundry announced today that it was selected by Bank Technology News (BTN) as the leading company in its 8th Annual Innovator Awards ranking. Each year the awards, which this year were announced in December, rank the companies and individuals that the publication deems most innovative. This marks the third consecutive year that mFoundry has been named to BTN?s prestigious list.