Thursday , March 28, 2024

Mergers & Acquisitions

May, 2021

  • 13 May

    Priority’s Revenue up 22% and other Digital Transactions News briefs from 5/13/21

    Payments technology provider Priority Technology Holdings Inc. reported first-quarter revenue of $113.3 million, up almost 22% from $93.1 million. The latter figure omits $3.5 million in revenue from the company’s RentPayments business, which it sold in September.The Federal Reserve Bank of Atlanta formed the Special Committee on Payments Inclusion that will focus on advancing …

  • 12 May

    MoneyGram’s Bitcoin Gambit and other Digital Transactions News briefs from 5/12/21

    MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …

  • 11 May

    Past Its SPAC, Paysafe Logs First-Quarter Gains While Seeking to Expand in U.S. iGaming

    Paysafe Group Holdings Ltd. has had an eventful six months, and on Tuesday the big processor indicated it’s going to be busy cultivating its stakes in U.S. online gambling and other specialized markets. “Our goal is to be the leading specialized payments platform,” declared chief executive Philip McHugh during a …

  • 11 May

    Repay To Acquire BillingTree and other Digital Transactions News briefs from 5/11/21

    Repay Holdings Corp. said it is acquiring BillingTree, which provides payment services to the healthcare, credit union, accounts receivable management, and energy industries, for $503 million. BillingTree was founded in 2003. Repay also released its first quarter results with $47.5 million in revenue, a 20.3% increase from $39.5 million in the 2020 first …

  • 7 May

    Nuvei To Acquire SimplexCC for $250 Million and other Digital Transactions News briefs from 5/7/21

    Payments provider Nuvei Corp. announced an agreement to acquire SimplexCC Ltd., whose technology enables market participants to buy or sell cryptocurrencies. The $250-million deal is expected to close in the second half of the year and comes on the heels of Nuvei’s agreement to acquire sports-betting technology specialist Mazooma Technical Services Inc. for $56 …

  • 6 May

    Shift4 Notches Record Volume As It Looks to Stadiums And Casinos for Future Growth

    Shift4 Payments Inc. on Thursday reported record quarterly end-to-end payment volume and gross revenue as it notched what chief executive Jared Isaacman called a “strong first quarter.” Stronger performance in the company’s core hospitality market helped drive end-to-end volume to a record $8 billion, with most growth coming from new …

  • 5 May

    Zelle Transactions up 61% and other Digital Transactions News briefs from 5/5/21

    The Zelle peer-to-peer payment network handled $106 billion in volume in the first quarter on 392 million transactions, up 74% and 61%, respectively, year over year. Zelle is owned and operated by Early Warning Services LLC.Jack Henry & Associates Inc., a provider of payments technology to financial institutions, said it has integrated Mastercard …

  • 4 May

    Global Payments Opens Its Wallet for More Deals As Its Amazon And Google Ties Develop

    The big processor Global Payments Inc. announced early Tuesday it will acquire Zego Inc., a payments and technology provider for managers of residential real estate, in a deal valued at approximately $830 million. The company also announced an agreement to buy the PayOne acquiring business in Austria belonging to the …

  • 3 May

    Flywire Readies for Possible IPO and other Digital Transactions News briefs from 5/3/21

    Payments company Flywire Corp. has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. The number of shares to be offered and their price range have not yet been determined. The action follows the company’s submission in March of a confidential draft registration statement for …

April, 2021

  • 29 April

    How the Pieces of Mastercard’s ‘Multirail’ Strategy Are Starting to Fit Together

    You wouldn’t always know it, listening to the top executives at Visa and Mastercard, but these two rival networks are still chiefly card networks. Thursday morning, Mastercard Inc. laid out for equity analysts an update on what it has called its “multirail strategy,” major moves into account-to-account money transfers, real-time payments, …

Digital Transactions