RBS WorldPay
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| Type | Private |
|---|---|
| Founded | 1989 (as Streamline) |
| Industry | Electronic Payment Services |
| Services | Payment Services |
| Parent | The Royal Bank of Scotland |
| Website | www.rbsworldpay.com |
RBS WorldPay is a division of the Royal Bank of Scotland. It provides payment services for mail order and internet retailers, as well as point of sale transactions. Customers are mainly multinational, multichannel retailers. RBS WorldPay started as an electronic payment provider called Streamline in 1989 but has extended into Mail Order/Telephone Order, "unattended" payments and handling secure payments over the internet through merger and acquisition of several other companies[1].
RBS WorldPay first provided internet payment services in 1994, making it one of the first providers of such services in the world. It adopted the name of its parent company into its brand in April 2009 and was merged with sister companies Streamline, Streamline International, WorldPay, Payment Trust, Bibit, RiskGuardian and RBS Lynk on 3 June 2009[2].
On November 3rd 2009 it was announced that RBS WorldPay would have to be sold by the RBS Group despite being a very profitable business. RBS was forced to sell off WorldPay as part of the terms negotiated to join the UK Government's asset protection scheme.
On November 11th 2009, Eight Eastern Europeans have been indicted in connection with the November 8, 2008 hacking of payment services provider RBS WorldPay, which netted the defendants a US$9 million windfall, prosecutors said this week. [3][4]
[edit] References
- ^ RBS WorldPay - About Us
- ^ RBS WorldPay - Media Centre
- ^ Secure Computing, International cybergang charged with RBS Worldpay hack
- ^ ThreatPost, U.S. Takes Down $9 Million RBS WorldPay Hacking Ring
[edit] External links
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