DataCash

DataCash Ltd
Limited company
Industry Financial services
Founded 1996
Headquarters 71 Kingsway, London WC2B 6ST
Services Payment services
Parent MasterCard
Website http://www.datacash.com/

DataCash is a payment processing company which offers a global gateway to secure multi-channel payment processing, fraud and risk management services. Founded in 1996, it has been a division of MasterCard since 2010.

History

Founded by entrepreneurs Gavin Breeze and Dave MacRae in 1996 as a payment gateway intended to serve the needs of the emerging e-commerce channel, a series of early mergers and acquisitions led to expansion within specific markets (notably, the airline and travel sectors) as well as coverage of the cardholder present environment.[1]

In 2009, the company significantly expanded its fraud offering with the acquisition of The 3rd Man, a fraud and risk management technology company.[2][3]

It has been a wholly owned subsidiary of MasterCard since 2010,[4][5] when it was purchased for £333 million.[6][7]

In early 2012, DataCash was announced as a white-label partner to supply Elavon's global e-commerce gateway in Europe, as part of the American bank's expansion plans.[8][9] Similar announcements followed in 2013, most notably involving the Brazilian multi-brand acquirer Redecard[10] and the shopping reward scheme Shopitize.[11]

References

  1. ↑ "Our History". DataCash. Retrieved 2014-08-21.
  2. ↑ "Datacash tracks down the 3rd Man". The Register. December 28, 2008.
  3. ↑ "Datacash offer for 3rd Man declared unconditional". Finextra. January 19, 2009.
  4. ↑ Chris Spillane (Aug 19, 2010). "MasterCard to Acquire DataCash for 333 Million Pounds". Bloomberg.
  5. ↑ Sean Farrell (Aug 20, 2010). "MasterCard pays £333m for British online payments firm DataCash". The Independent.
  6. ↑ Elena Moya (Aug 19, 2010). "DataCash jumps 51% after it agrees takeover bid by MasterCard". The Guardian.
  7. ↑ Philip Stafford (Aug 19, 2010). "MasterCard in software fightback". Financial Times.
  8. ↑ "Elavon, DataCash to release e-commerce gateway service". About Payments. February 22, 2012.
  9. ↑ "DataCash launches white label payment gateway; Elavon first on board". FinExtra. March 2012.
  10. ↑ "DataCash, Redecard release e-commerce solution in Brazil". The Paypers. May 29, 2013.
  11. ↑ "DataCash and Shopitize partner to enable cashback payments through mobile app". Finextra. August 19, 2013.


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