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Ant Financial forced to abandon MoneyGram purchase due to US regulatory...

Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government...

CK Hutchison and Ant Financial ink mobile payment JV

CK Hutchison, the multinational conglomerate,  and China's Ant Financial have announced a joint venture to drive mobile payments in Hong Kong under the existing AlipayHK brand. In...

Ant Financial set to purchase MoneyGram for $880 million

Ant Financial has stepped up its international expansion by reportedly buying US money-transfer service MoneyGram International for $880 million. The $880 million acquisition marks Ant’s first...

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Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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