Sunday, April 15, 2007

First Data to compete with Banksys this year

See this article in and find out that First Data will start competing with Banksys this year for point of sale transactions.

See also this older ePaynews story: that outlines that Euronet Worldwide has won its first deal to provide SEPA (Single Euro Payments Area) compliant cross-border transaction processing in Central and Eastern Europe. The Leawood, Kansas-based processor has signed a multi-year contract with Austria's OMV Refining & Marketing, which operates a network of petrol stations in Central Europe.

So the signs of further competiton and consolidation in the processing market are all around.