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Headline News from PaymentsNews.com - July 2, 2014

On the Web:

On the Wires:

  • GlobalCollect and its lead shareholder Welsh, Carson, Anderson & Stowe enter exclusive negotiations with Ingenico Group regarding the acquisition of GlobalCollect - “The planned acquisition by Ingenico Group is a perfect fit with GlobalCollect. Combining our global cross-border payment processing with Ingenico Group’s multi-channel services will create great opportunities for our clients, by reducing payment complexity across all channels and providing more payment alternatives to drive new sale opportunities. This is an exciting time to be in the payment industry and an even more exciting opportunity for GlobalCollect to be part of such a world class organization as Ingenico.“, said Thomas P. Staudt, Chief Executive Officer of GlobalCollect.
  • NXP’s ‘Security Matters’ Survey Reveals Consumer Push for Secure Credit Card Technologies - "Overall sentiment reveals that while consumer confidence in credit card technologies remains high, Americans continue to demand better solutions that protect identity, personal information and financial data. With recent reports of compromises in security at Target, Neiman Marcus, PF Chang’s and other retailers, Americans are more likely to pay in cash following a security breach at large retailers, with the millennial age group (18 – 34 years of age) being the most likely to convert to cash (37 percent)."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

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