Tags » Processors, Rent Payments
Moneygram International has announced it has reached an agreement to acquire Oakland, California-based PropertyBridge, Inc., a provider of electronic payment services to the residential real estate management industry. Moneygram says the acquisition, expected to be completed in the fourth quarter of 2007, "will expand the reach of MoneyGram’s global brand and line of payment services into a dynamic and synergistic market."
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Tags » Card Issuers, Credit Cards
Target, one of the top 10 credit card issuers in the US, has announced that "it will review potential ownership alternatives for its credit card receivables, an asset of approximately $7 billion." The company further explained that "the review of our credit card receivables will be focused on the economics of possible alternatives and will include, but not be limited to, an examination of possible differences in growth rates and credit risk exposure between the current direct ownership model and other possible ownership structures, the cost of debt and equity capital to fund our receivables, and current and future liquidity considerations."
Tags » Payments News - Headline News
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