![]() | It has been suggested that this article should be split into articles titled Payzone (United Kingdom) and Payzone (Ireland) . (discuss) (May 2023) |
![]() | This article needs to be updated. The reason given is: The company was split into two separate unrelated companies a few years ago but still use the same brand name in separate countries. The companies are not related in any way except for their historic connection with the brand name..(May 2023) |
Payzone is a brand name in the consumer payments industry in the UK and Ireland, used by two distinct and separately-owned businesses, which used to be connected.
Payzone UK is a consumer payments company founded in 1995 and based in Northwich, Cheshire. [1] It rents payment terminals to retailers, including web traders, so that they can accept credit card payments both for goods sold on site and for utilities, bridge tolls, lottery tickets and the like.
Payzone Ireland is based in Sandyford, Dublin, and employs over 80 people in Ireland. [2] The company was founded in 1989. It previously traded as Alphyra (1999-2007) and ITG Group (1989-1999) and was listed on the LSE under ticker LSE: PAYZ.[ citation needed ] In 2010 it was acquired by Duke Street in a debt for equity deal, [3] Payzone was sold to Carlyle Cardinal Ireland for €43.3m in 2015. [4] [5] Carlyle Cardinal Ireland had a total of €290 million fund set up in 2013; one of the companies they invested in was Payzone. [6]
The company processes a variety of electronic transactions services, including debit/credit card transactions mobile phone top ups, M50 motorway toll payments, Leap travel cards, local property tax payments, pay-by-phone parking, pre-paid and bill pay utility, and parcel collection services. [5]
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index. In the 2023 ranking however, it had slipped to fifth place.
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GE Capital is the financial services division of General Electric.
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BankServ was a legacy financial services company headquartered in Enterprise, Nevada that developed electronic banking software and operated outsourced data processing centers used by banks and other businesses to move money electronically. BankServ was founded in 1996 and did business with over 400 banks in more than 50 countries, primarily supplying banks with the behind-the-scenes programs used for remote deposit, internet bill payment, mobile payments, wire transfer payments and sending messages over the international SWIFT network.
Discover Financial Services is an American financial services company that owns and operates Discover Bank, an online bank that offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois.
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt. The card issuer creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards, and a few gemstone-encrusted metal cards.
Private equity in the 2000s represents one of the major growth periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital expanded along parallel and interrelated tracks.
PayMate is a business-to-business (B2B) digital and financial services company headquartered in Mumbai.
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The National Payments Corporation of India is an umbrella organization for operating retail payments and settlement systems in India, is an initiative of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. It was created by RBI for operating retail payments and settlement systems in India.
Worldpay, Inc. was an American payment processing company and technology provider. In June 2019 it was acquired and merged into Fidelity National Information Services (FIS). Before its acquisition, it was headquartered in the greater Cincinnati, Ohio area. Worldpay, was the largest U.S. merchant acquirer ranked by general-purpose transaction volume.
Paysafe Limited is a multinational online payments company. Paysafe offers payment processing, digital wallet and online cash solutions to businesses and consumers, with particular experience of serving the global entertainment sectors. The group offers services both under the Paysafe brand and subsidiary brands that have become part of the group through several mergers and acquisitions, most notably Neteller, Skrill, SafetyPay, PagoEfectivo, Paysafecash and paysafecard.
Venmo is an American mobile payment service founded in 2009 and owned by PayPal since 2013. Venmo was aimed at friends and family who wish to split bills, e.g., for movies, dinner, rent, or event tickets etc. Account holders can transfer funds to others via a mobile phone app; both the sender and receiver must live in the United States. On Venmo, a little social network, users can observe how others who are sending money to one another interact with amusing emoticons. In 2021 the company handled $230 billion in transactions and generated $850 million in revenue.
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.
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