Wednesday , July 18, 2018

Mergers & Acquisitions

April, 2017

  • 12 April

    Ant Financial Sets ‘The Record Straight’ About Its Fight With Euronet for MoneyGram

    China-based Ant Financial Services Group, which has a deal to buy MoneyGram International Inc. for $880 million, on Wednesday fired back at Euronet Worldwide Inc. as the two firms fight for the No. 2 U.S.-based wire-transfer provider. Euronet last month submitted an unsolicited $1 billion bid for MoneyGram and has …

  • 6 April

    Ant Financial Issues Letter Citing Commitment to MoneyGram’s U.S. Growth

    Yet another development has unfolded in the dueling bids for wire-transfer provider MoneyGram International Inc. As Ant Financial Services Group and Euronet Worldwide Inc. compete to acquire MoneyGram, Ant Financial on Thursday issued an open letter to MoneyGram that addresses Ant’s potential commitments to the money-transfer company. In addition to …

March, 2017

  • 1 March

    How Ant Financial Is Laying the Foundation for Alipay’s Expansion

    Ever since Ant Financial Services Group let it be known in October that it is working with key payments players like VeriFone Systems Inc. and First Data Corp. to bring its Alipay mobile-payments service to North America, the industry has wondered about the Chinese company’s strategy both in the United …

February, 2017

January, 2017

  • 30 January

    Green Dot May Be Interested in UniRush and other Digital Transactions News briefs

    • Bloomberg reported that prepaid card services provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music-industry entrepreneur behind the rap label Def Jam. • In another possible deal, U.K.-based accounting and payroll software firm Sage Group plc is mulling a sale of its U.S. …

  • 30 January

    Adding Scale And Payroll Cards, Green Dot Pays $147 Million Upfront for UniRush

    Prepaid card specialist Green Dot Corp. has agreed to buy rival UniRush LLC in a deal valued at a minimum of $147 million and expected to close by the end of March. Pasadena, Calif.-based Green Dot, perhaps best known for managing Wal-Mart Stores Inc.’s MoneyCard operation, said the deal will …

  • 26 January

    Ant Financial, Backer of Alipay, Shells out $880 Million for No. 2 U.S. Money Transmitter MoneyGram

    The company behind the rapidly growing Alipay mobile-payment service is acquiring the second-largest U.S. based money-transfer company. China-based Ant Financial Services Group’s deal to buy Dallas-based MoneyGram International Inc. for $880 million in cash will likely close some time in the second half of the year , according to an …

  • 5 January

    EVO Buys Sterling Payment Technologies and other Digital Transactions News briefs

    • Merchant processor EVO Payments International has acquired payments-solutions specialist Sterling Payment Technologies. Paul Hunter, Sterling’s president and chief executive, will manage the Sterling unit within EVO. Terms of the deal were not announced. • An app called Clarity Money has debuted to help consumers manage their finances by performing such chores as negotiating bills, choosing …

  • 4 January

    British Competition Authorities Question Mastercard’s VocaLink Acquisition

    The United Kingdom’s Competition and Markets Authority (CMA) is questioning Mastercard Inc.’s planned $920 million acquisition of London-based VocaLink Holdings Ltd., a deal which if consummated would give Mastercard a strong presence in several non-card payment systems, including the Faster Payments initiative in the United States. VocaLink operates Bacs, the U.K.’s …

December, 2016

  • 2 December

    Visa’s Deal for CardinalCommerce Comes As Fears Rise Over Online Fraud, False Declines

    In a move that expands its business as a provider of risk-control services for merchants and card issuers, Visa Inc. announced Thursday that it has a deal to acquire e-commerce payment-authentication provider CardinalCommerce Corp. Founded in 1999, Mentor, Ohio-based CardinalCommerce’s signature product is Cardinal Secure Authentication, a service that uses …