Tuesday , January 16, 2018

Mergers & Acquisitions

May, 2016

  • 12 May

    TransFirst Joins TSYS with Future-Focused Strategies for Payments Innovations

        By John Shlonsky, Senior Executive Vice President  & President, Merchant Services, TSYS In today’s dynamic payments environment, there are two vital components needed for ongoing growth. First, bring relevant products and services to the market. Then, provide operational excellence and support to the customers who use them. A …

April, 2016

  • 4 April

    TSYS Completes Its TransFirst Deal and other Digital Transactions News briefs

    • VeriFone Systems Inc. introduced Verifone Carbon, a black, portable point-of-sale system for café owners, quick-service restaurants, and stores that features a tablet screen for the merchant and a smaller screen for the customer, and a stand with a built-in printer. The Intel-powered device includes VeriFone’s cloud-based Commerce Platform that …

March, 2016

  • 3 March

    MasterCard’s Possible VocaLink Buy Could Shake Up the U.S. Faster-Payments Scene

    MasterCard Inc. reportedly wants to acquire VocaLink Ltd., operator of the United Kingdom’s Faster Payments system, for just under £1 billion ($1.4 billion), according to reports in the British media Thursday. Such a deal, if consummated, could shake up the budding faster-payments movement in the U.S., where VocaLink is building …

January, 2016

  • 26 January

    In a Bid to Build on Strengths, TSYS Clinches a $2.35 Billion Deal To Buy TransFirst

    Processor Total System Services Inc. (TSYS) is buying acquirer TransFirst Holdings Inc. for $2.35 billion, Columbus, Ga.-based TSYS announced Tuesday. The deal, which is expected to close in the second quarter, puts an end to TransFirst’s plans to explore an initial public offering. Hauppauge, N.Y.-based TransFirst last October filed an …

  • 7 January

    Chase Exits ISO Business With Portfolio Sale to First American Payment Systems

    Merchant processor First American Payment Systems L.P. on Thursday reported that it bought the independent sales organization portfolio of Chase Commerce Solutions, the merchant-acquiring and payment-processing unit of banking giant JPMorgan Chase & Co. Neither company would disclose the purchase price or the number of ISOs and merchants involved in the …

December, 2015

  • 16 December

    Global Payments’ $4.3 Billion Heartland Deal Points up Industry Shift to Integrated Payments

    When Global Payments Inc.’s chief executive, Jeffrey S. Sloan, called his counterpart at Heartland Payment Systems Inc., Robert O. Carr, a couple of months ago, he had in mind the potential for a massive acquisition in the acquiring business. But, in making that call, he also took the latest step, …

  • 15 December

    Global Payments To Buy Heartland in $4.3 Billion Cash-And-Stock Deal

    Confirming rumors that have been rife for days, merchant acquirer Global Payments Inc. announced late Tuesday that it will buy smaller rival Heartland Payment Systems Inc. in a cash-and-stock deal valued at $4.3 billion. At $100 per share, the deal represents an 18% premium over Heartland’s closing share price Tuesday. …

December, 2014

  • 17 December

    Digital River Re-Ups With Microsoft, Removing a Cloud Over Its Planned Buy-Out

    Investors in Digital River Inc.’s stock reacted with exultation Wednesday morning when the gateway and e-commerce services provider disclosed that Microsoft Corp., its biggest customer, had renewed an agreement under which Digital River hosts the Microsoft Store online site. Not only has Digital River retained a client that accounts for …

  • 8 December

    Digital River’s Stock Craters on Fears of the Company Losing Microsoft’s Online Store

    Gateway and e-commerce services provider Digital River Inc. on Monday joined some other payments companies that have experienced the wrath, or panic, of investors on news that their relationship with their largest customer was threatened. Shares of Minnetonka, Minn.-based Digital River plunged 22.7%, falling $5.80 to close at $19.71, after …

May, 2014

  • 14 May

    COMMENTARY: The Real Significance of Vantiv’s $1.65 Billion Deal for Mercury

    Vantiv Inc.’s deal to acquire Mercury Payment Systems LLC was noteworthy for its size—the deal carried a $1.65 billion price tag—but it was also exemplary of a key industry transformation from distribution-centric to product-centric acquiring. For decades, the merchant-acquiring industry has revolved around selling the services of barely differentiated payment …