-
Sponsored by:9/30/09 - Tracy Kitten
Chennai, India-based Prizm Payments has acquired Reliance Money's POS platform, according to a news report from Reuters.
The deal allows Reliance Money to exit the POS business and focus on its core business of selling financial products. For Prizm, the deal means expansion.
Prizm has spent the last few years buying ATM and POS networks, Reuters reports, and has already initiated talks with a few banks in the country. Banks have recently been more willing to sell their ATM and POS networks to third-party service providers, like Prizm. In July, Yes Bank signed with First Data Corp. for ATM management. The bank pays transaction-based charges. ICICI Bank initiated a similar plan in June.
Prizm offers ATM/POS services in 50 locations.
Sponsored by:
Features
Sponsored by:
News
Blogs
- Software Deployment Trends: Evaluating the Saas Option for ePayments Testing Solutions
- EMV Card Fraud: Can Your Fraud Detection System Identify Suspect Chip Card Transactions?
- EMV Implementation for Issuers: 7 Decisons You Must Make Before Issuing Your First Chip Card
- EMV Implementation for Acquirers: 10 Questions to Answer When Formulating Your EMV Device Budget and Timeline
- It's Not About the Clicks: Understanding the Other 90% of ePayments Testing Activity
Sponsored by:
