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April 21, 2014
09:27 EDTTSS, WUNetspend, Western Union to introduce co-branded prepaid card in U.S.
NetSpend, a TSYS (TSS) company, announced it has joined forces with Western Union (WU) to develop an innovative co-branded prepaid card, available later this year. NetSpend and Western Union will jointly develop the co-branded cardís custom features through NetSpendís proprietary payments platform, and both companies plan to deliver the card through a portion of their combined distribution networks later this year. Details on card pricing, features and availability will follow at the product launch.
News For TSS;WU From The Last 14 Days
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July 2, 2015
08:17 EDTWUWestern Union has negative read through from Xoom deal, says JMP Securities
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06:00 EDTWUWells sees minimal impact to peers from Xoom buyout
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05:49 EDTWUCompetitive bid for Xoom is possible, says SunTrust
SunTrust analyst Andrew Jeffrey believes eBay (EBAY) unit PayPal's acquisition agreement with Xoom (XOOM) could invite a competitive bid. In a note to investors last night titled "Steal Of The Century," Jeffrey writes Xoom's "one-of-a-kind cross-border remittance franchise and market-leading ACH risk management technology" could bring other suitors. At $890M or $25 per share, PayPal is paying a compelling price, the analyst argues. He sees Xoom's takeover as potentially threatening to Western Unionís (WU) business. Jeffrey has a Buy rating on Xoom with a $29 price target. Following the company's merger agreement with PayPal, the shares traded up $4.40 to $25.10 last night in after-hours trading. PayPal is looking to acquire Xoom ahead of its planned separation from eBay.
July 1, 2015
20:56 EDTWUWestern Union downgraded to Hold from Buy at Evercore ISI
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June 30, 2015
09:04 EDTTSSMeta Payment Systems and NetSpend sign agreement extension
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09:01 EDTTSSTSYS extends payments agreement with Banco INVEX
TSYS announced that it has extended its payments agreement with Mexicoís Banco INVEX S.A. The multi-year agreement includes processing services for INVEXís consumer and commercial credit card portfolios. As part of the agreement, TSYS will continue to provide INVEX with additional services such as data analytics, fraud prevention and risk management tools. Financial terms of the agreement were not disclosed.
June 29, 2015
15:45 EDTWUWestern Union to expand money transfer services with BANSEFI Mexico
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