Thursday , April 19, 2018

Mergers & Acquisitions

February, 2018

  • 12 February

    First Data’s Prepaid Business Shines as Struggling Bank Joint Ventures Begin Turnaround

    First Data Corp.’s struggling merchant-acquiring joint ventures with three big banks are showing nascent signs of a turnaround, and business is booming in the company’s prepaid card unit, top executives reported Monday. The Atlanta-based processor reported last year that new merchant referrals from its big joint ventures with The PNC …

  • 8 February

    Cantaloupe Acquisition Adds 270,000 Connections to USA Technologies’ Network

    Fresh from its $85 million acquisition of Cantaloupe Systems Inc., USA Technologies Inc. reported Thursday that it added 311,000 net new connections to its network of vending machines and other unattended card-accepting merchant locations in the quarter ended Dec. 31. Approximately 270,000 of the new connections came from Cantaloupe, a …

  • 7 February

    GCF Buys Paper Systems and other Digital Transactions News briefs from 2/7/18

    Point-of-sale products seller General Credit Forms Inc. said it purchased Paper Systems Inc., a manufacturer of paper rolls for POS and ATM systems. Paper Systems will continue to operate as PSI. Terms were not disclosed. Euronet Worldwide Inc., which is based in the United States but operates ATM and other …

January, 2018

  • 31 January

    AmEx Acquires Mezi and other Digital Transactions News briefs from 1-31-18

    Processor Fiserv Inc. reported that its Accel debit network has added new transaction-routing options, including the ability to process signature-based transactions. Wal-Mart Stores Inc. is using the new signature service, Fiserv said. Accel also will make signatures optional for merchants beginning in April, as are the four general-purpose card networks. …

  • 30 January

    Sage Payment Solutions Rebrands As Paya And Aims at Higher Visibility As a Payments Company

    Seven months after paying $260 million for Sage Payment Solutions, the U.S. merchant-services arm of Sage Group plc, investment firm GTCR LLC is giving it a new name—Paya—and a refreshed strategy to add more merchants to its portfolio. Announced Tuesday, the Paya name for the Reston, Va.-based payments provider signifies a …

  • 23 January

    Merchant Unit and a $136 Million Present From Uncle Sam Boost TSYS’s Bottom Line

    Total System Services Inc. (TSYS) generated $1.1 billion in segment revenues from its Merchant Solutions unit in 2017, a 22.8% increase from $898.5 million in 2016, the Columbus, Ga.-based processor reported late Tuesday. That growth outpaced 2017’s revenue increases of 5.2% and 12.6%, respectively, in TSYS’s card-issuing and Netspend prepaid …

  • 18 January

    Cross-Border Specialist Flywire Beefs up Payment Offerings With Its Deal for OnPlan

    Flywire Corp., which since its start in 2011 has focused on international payments, on Thursday announced it has acquired OnPlan Holdings LLC, a Bannockburn, Ill.-based company that specializes in payments and receivables management for the health-care and education markets. Financial terms were not announced. OnPlan, with its units OnPlanHealth and …

  • 16 January

    Gift Card Provider Blackhawk Network Going Private in $3.5 Billion Buyout

    Gift and prepaid card services provider Blackhawk Network Holdings Inc. reported Tuesday that it has a deal with two financial firms to be taken private for $3.5 billion. Private-equity firm Silver Lake Management L.L.C. and hedge fund P2 Capital Partners are offering $45.25 per share in cash. The offer represents …

  • 8 January

    Klarna Integrated Into ACI Service and other Digital Transactions News briefs from 1/8/18

    Vantiv Inc. shareholders approved the processor’s planned acquisition of London-based merchant acquirer Worldpay Group plc with 99.9% of votes cast in favor, Vantiv reported. The companies expect the merger to close Jan. 16 following approval of a British court. The merged company will be known as Worldpay Inc., and its …

  • 5 January

    COMMENTARY: Three Key Considerations When Offering App-Based Loyalty Programs

    Traditional card-based loyalty programs, like those offered at local grocery stores, car washes, and restaurants, can drive consumer loyalty simply because many people are already familiar with them. But if brands want to improve the depth of the consumer experience, evolving to a digital-based loyalty program can provide consumers with …