DataCash

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.[1]

DataCash Ltd
TypeSubsidiary
IndustryFinancial services
Founded1996 (1996)
HeadquartersLondon, England, UK
ServicesPayment services
ParentMasterCard

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.

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] [4][5]

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.[6][7] Similar announcements followed in 2013, most notably involving the Brazilian multi-brand acquirer Redecard[8] and the shopping reward scheme Shopitize.[9]

References
  1. "Hey, Big Spender – MasterCard Buys DataCash For $520 Million In Cash". TechCrunch. Retrieved 14 January 2021.
  2. "Datacash tracks down the 3rd Man". The Register. 28 December 2008.
  3. "Datacash offer for 3rd Man declared unconditional". Finextra. 19 January 2009.
  4. Elena Moya (19 August 2010). "DataCash jumps 51% after it agrees takeover bid by MasterCard". The Guardian.
  5. Philip Stafford (19 August 2010). "MasterCard in software fightback". Financial Times.
  6. "Elavon, DataCash to release e-commerce gateway service". About Payments. 22 February 2012. Archived from the original on 28 May 2012. Retrieved 7 March 2012.
  7. "DataCash launches white label payment gateway; Elavon first on board". FinExtra. March 2012.
  8. "DataCash, Redecard release e-commerce solution in Brazil". The Paypers. 29 May 2013.
  9. "DataCash and Shopitize partner to enable cashback payments through mobile app". Finextra. 19 August 2013.


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