Tuesday , March 19, 2019

Mergers & Acquisitions

March, 2019

  • 18 March

    Weeks After Fiserv’s Bid for First Data, FIS Puts up $43 Billion to Snap up Worldpay

    The other shoe has dropped. Fidelity National Information Services Inc.’s $43-billion cash-and-stock deal to acquire Worldpay Inc., announced early Monday, will create a processing behemoth that will compete globally across a sweeping range of payments businesses, including merchant acquiring, e-commerce, faster payments, and core processing. And though the bosses of …

  • 18 March

    FIS And Worldpay: Merger Mania Probably Isn’t Over, Analysts Say

    Close observers of the payment-processing industry predicted Fiserv Inc. would start a merger wave when it announced its $22 billion deal to acquire First Data Corp. in January. That prophecy seems to have come true with the even bigger $43 billion FIS-Worldpay merger announced Monday, and the consolidation wave probably hasn’t …

  • 15 March

    First Data Rejected Overtures From ‘Party A’ Before Accepting Fiserv’s Merger Offer

    First Data Corp. began talking with a potential merger partner identified only as ‘Party A’ more than a year before Fiserv Inc.’s $22 billion takeover offer for the big payment processor was announced, according to a proxy statement Fiserv and First Data filed this week. The lengthy document—more than 300 …

  • 14 March

    Car Dealer Adds Aliant Crypto Processing and other Digital Transactions News briefs from 3/14/19

    Aliant Payments said it added Bob Moore Auto Group as a client for cryptocurrency processing. The agreement will allow the auto dealer to accept Bitcoin, Ethereum, and Litecoin for cars, parts, and service at its Subaru dealership in Oklahoma City. Thales S.A. said Gemalto will operate as a separate company …

  • 13 March

    EVO Plans To Pump Up U.S. Growth While Eyeing Further Foreign Expansion

    Merchant acquirer EVO Payments Inc. plans to reinvigorate its lagging U.S. e-commerce business while still pursuing expansion opportunities abroad, its chief executive said Wednesday. Atlanta-based EVO is one of the smaller publicly traded payment processors, and it has a unique business model. Its roots are in the U.S., but today …

  • 12 March

    Mastercard To Acquire Ethoca and other Digital Transactions News briefs from 3/12/19

    Mastercard Inc. said it is purchasing Ethoca Inc., a fraud-mitigation firm, for an undisclosed amount. The deal is expected to close in the second quarter. Ethoca works with more than 5,000 merchants and 4,000 financial institutions. Mastercard intends to expand Ethoca’s capabilities and combine the company with its current security …

  • 11 March

    Mastercard Bails on Bidding War With Visa for Earthport, Plans To Buy Transfast Instead

    Mastercard Inc. has called a halt to its bidding war with Visa Inc. over cross-border business-to-business payments processor Earthport PLC and instead plans to acquire another company in the space, Transfast Remittance LLC. Mastercard announced a tentative deal to buy New York City-based money-transfer provider Transfast Friday. Transfast is a …

  • 11 March

    EVO Payments Adds Another European Payment Company

    EVO Payments Inc. continues its European expansion with the acquisition of Way2Pay, an Ireland-based payment gateway. Announced Monday, the deal gives the Melville, N.Y.-based company entry to integrated payments for schools and clubs in Ireland and the United Kingdom. Terms were not disclosed. “We see significant value in expanding Way2Pay …

  • 11 March

    Repay Payment Volume Increases 42% and other Digital Transactions News briefs from 3/11/19

    Repay Holdings LLC said its 2018 payment volume increased 42% to $7.5 billion from $5.2 billion in 2017. Its net income increased 12% to $10.5 million from $9.4 million. Repay is in the midst of a pending merger with Thunder Bridge Acquisition Ltd. Net Element Inc. unit Unified Payments will …

  • 8 March

    Mastercard Leaves Earthport to Visa to Buy Transfast and other Digital Transactions News briefs from 3/8/19

    Mastercard Inc. has abandoned its pursuit of cross-border specialist Earthport PLC and instead has agreed to acquire New York City-based Transfast Remittance LLC, a cross-border account-to-account money-transfer network. Terms of the deal, which is expected to close in 2019’s second half, were not disclosed. Visa Inc. last month made an …