Wednesday , November 20, 2019

Mergers & Acquisitions

November, 2019

  • 19 November

    Eye on Fintech: Payments Firms Attract Venture Funding; PSCU’s $100 Million Investment

    Venture capital continues to flow to payments companies, which ranked among the top recipients of financial-technology sector funding in the third quarter, according to a new report. And credit-union services organization PSCU announced it will invest $100 million in its payments platform over the next three years. Sweden-based Klarna, a …

  • 18 November

    As the E-Commerce Gateway Business Heats up, Elavon Strikes a Deal for Sage Pay

    U.S. payments companies looking to acquire properties in key markets like e-commerce and merchant acquiring have found a willing seller in Sage Group PLC. Early Monday, the company announced it agreed to sell its payments gateway, Sage Pay Europe Ltd., to Atlanta-based Elavon for $300 million. The deal will bring …

  • 14 November

    Integrated Payments Help Priority Technologies Move Beyond Subscription Billers

    Merchant processor Priority Technology Holdings Inc. posted an 11% increase in payment volume in the third quarter despite the wind-down of its once-sizable processing business for online subscription billers. Alpharetta, Ga.-based Priority said it processed $10.8 billion in merchant bank card volume versus $9.71 billion in 2018’s third quarter, on …

  • 6 November

    Having Absorbed First Data, Fiserv Looks To Cut Costs While Staying Competitive

    Top executives of the newly combined Fiserv Inc.-First Data Corp. say they can save more than $1.1 billion in annual costs while still developing competitive new products and markets for their bank and merchant clients. “The power of this new company has far greater reach than I imagined when we …

  • 6 November

    20 European Banks Challenging Card Networks and other Digital Transactions News briefs from 11/6/19

    Twenty European banks are working on setting up a pan-European payment system to challenge Visa, Mastercard and technology companies such as Google and PayPal, according to press reports. The project is code-named PEPSI, for Pan European Payment System Initiative.In a development that signals an opening in China’s long-protected payments environment, Chinese mobile-payment giants …

  • 5 November

    With A Big Worldpay Integration on Its Plate, FIS Is Likely to Look to ‘Tuck-in’ Deals, CEO Says

    Having just swallowed the massive processor Worldpay Inc., Fidelity National Information Services Inc. will stay on the sidelines for a while when it comes to any more major acquisitions, its chief executive said Tuesday. Meanwhile, the combined company’s update indicated it is now on track to deliver more than $1 …

  • 4 November

    Discover Contactless Cards Coming and other Digital Transactions News briefs from 11/4/19

    Discover Financial Services said it will begin issuing contactless cards over the next several months, starting first this month with holders of Discover it and Discover More cards who need cards reissued or replaced. New cardholders will get contactless cards beginning in December.ACI Worldwide expanded its long-term relationship with ATM network operator …

  • 1 November

    Google To Buy Fitbit and other Digital Transactions News briefs from 11/1/19

    Google Inc. agreed to acquire Fitbit Inc., producer of smart watches and the Fitbit Pay contactless-payment service, for approximately $2.1 billion. Fitbit has sold more than 100 million devices in its 12 years in business. Google, whose Google Pay mobile-payment service has been in the market since 2015, is part of Alphabet Inc. The …

October, 2019

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