DataCash

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DataCash Ltd
Type 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 and fraud and risk management services. Founded in 1996, it has been a division of MasterCard since 2010.

History[edit]

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[edit]

External links[edit]