Thursday , April 19, 2018

Mergers & Acquisitions

April, 2018

  • 13 April

    Paysafe’s Proposed Deal for iPayment Will Make the U.K. Firm a Top Player in U.S. Acquiring

    Paysafe Holdings UK Ltd. hasn’t been shy about building scale via acquisitions, and on Thursday it announced one of its biggest deals yet in the U.S. merchant-acquiring business. It expects to close by the end of June on a transaction that will bring into its fold iPayment Holdings Inc., a …

  • 10 April

    A $3.4 Billion Deal Aims To Take VeriFone Private Again

    VeriFone Systems Inc. once again is preparing to become a privately held enterprise, according to Monday’s announcement that an investor group led by Francisco Partners has agreed to buy the point-of-sale terminal and services provider for $3.4 billion. The deal, expected to close in the third quarter, values each VeriFone …

March, 2018

  • 30 March

    Private-Equity Firm Advent International Merges Clearent With an ISV

    Advent International, a private-equity firm with considerable experience in the payments space, announced Friday that it had acquired a majority stake in the big independent sales organization and payment processor Clearent LLC and merged it with FieldEdge, an independent software vendor serving home-services contractors. Advent had also bought FieldEdge. Financial …

  • 22 March

    Eye on E-Commerce Fraud: CyberSource And Worldpay Harness Machine Learning And Big Data

    Machine learning and huge swaths of data are being enlisted in the battle to counter online fraud, with CyberSource announcing an enhancement to its fraud-prevention service and processor Worldpay Inc. launching a new fraud-prevention service Wednesday at MRC 2018, the annual conference held by the Merchant Risk Council. CyberSource, a …

  • 13 March

    With Integrated Processing on the Rise, Gateways Have Become a ‘Hot M&A Target’

    Independent sales organizations and acquirers looking for a payment gateway have another resource to use. Payments consultancy The Strawhecker Group recently released its Payment Gateway Directory, which catalogs 58 data points about 73 companies. The report also analyzed the performance of the gateways by assessing the account-boarding process, evaluating developer …

  • 8 March

    E-Commerce Specialist Stripe Snaps up Faster EMV Developer Index in Multichannel Play

    The search by online-payments kingpins for avenues into physical-world stores reached a new milestone with the acquisition by Stripe Inc. of point-of-sale technologist Index Inc. Terms of the deal were not disclosed, according to an Index spokesperson, who added the company has no immediate comment on the transaction. A Stripe …

  • 5 March

    Network Merchants Closes Creditcall Acquisition and other Digital Transactions News briefs from 3/5/18

    Network Merchants LLC, a technology provider for independent sales organizations, acquirers, and independent software vendors, closed its previously announced acquisition of gateway and EMV technology provider Creditcall for an undisclosed price. Digital cross-border person-to-person remittances will total $300 billion by 2021, up from an estimated $225 billion this year, according …

  • 2 March

    Financial-Industry Standards Body IFX To Combine Operations With NACHA

    Automated clearing house governing body NACHA and the Interactive Financial eXchange Forum Inc. (IFX) this week announced they intend to combine their operations. Founded in 1997, the Wakefield, Mass.-based IFX Forum is an international non-profit that developed and promotes the IFX business message specification as an open, interoperable for standard …

February, 2018

  • 28 February

    Integration Tasks Emerge Now that the Vantiv-Worldpay Merger Is Official

    The merger of payment processors Vantiv Inc. and London-based Worldpay Group plc was completed Jan. 16, and up next for leaders of the combined company is integration of operational platforms, selling products to a wider customer base, and achieving their goal of $200 million in cost savings in three years. …

  • 27 February

    Blackhawk’s Proposed $3.5 Billion Buyout Headed Toward Mid-Year Close

    No other bidders emerged during a so-called go-shop period that expired earlier this month, so Blackhawk Network Holdings Inc. reported Tuesday that its planned $3.5 billion buyout by two investment firms remains on track to close at mid-year. The Pleasanton, Calif.-based provider of gift cards and other prepaid card services …