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January 31, 2013

Ingenico To Acquire Ogone for $484 Million

Ingenico logo 140x60pxIngenico announced it has reached an agreement with Summit Partners to acquire Ogone, a leading pan-European online payment services provider for US$484 million.
Based in Brussels, Ogone has developed, over the past ten years, a recognized expertise in making online payment services less complex, more efficient and secured for merchants. Thanks to its scalable, in-house and robust platform and its experienced management team, Ogone has built a prime, truly international client base with over 42,000 merchants, highly diversified in terms of sizes, segments or distribution channels. In 2012, with more than 280 employees, Ogone reached €42 million of revenue, with an EBITDA margin of around 30%.

Facebook Introduces New Type of Gift Card

Facebook logo 140pxFacebook has introduced the Facebook Card, a new type of 'social' gift card that can hold multiple prepaid balances good at different merchant locations.
After you've received a card, the next time you get a Facebook Card gift, it will instantly be added to your existing card. Your card can hold multiple gift balances, and each balance is dedicated to the retailer associated with the gift. For example, you might have gift balances of $100 at Sephora, $75 at Target, $50 at Olive Garden, and $8.25 at Jamba Juice.

The ability to send a Facebook Card gift will roll out gradually to users in the US.

First Data Reports Fourth Quarter and Fully Year 2012 Financial Results

First data logo 140x60pxFirst Data has reported its financial results for 4Q2012 and Full Year 2012:
Consolidated revenue for the fourth quarter was $2.8 billion, up $69 million, or 3%, compared to a year ago, primarily driven by a $55 million increase in debit network fees. Adjusted revenue, which excludes certain items including debit network fees, increased $18 million, or 1%, year-over-year to $1.8 billion.

Consolidated revenue for the full year 2012 was $10.7 billion, flat year-over-year due to revenue growth in the global merchant acquiring business offset by lower debit network fees. Full-year adjusted revenue increased 3% to $6.76 billion.


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