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Israeli media reported Sunday that Paybox, a payment app, had suspended Sharvit’s account.

Austria's telecoms regulator is also examining the deal, as is the Financial Market Authority because Telekom Austria's Paybox Bank unit has a banking licence.

At Sybase, he backed up this initiative with acquisitions: Xcellenet for $95Mil in 2004, Mobile 365 for $400mil in 2006 and PayBox in 2009.

Nordic acquired Point International in 2004, since when it has grown significantly, helped by the bolting on of Norway's largest distributor of payment terminals Adimo and France's Paybox in the last few months.

Eleven bank-notes were thrust into a paybox at one time for eleven stalls.