Friday , January 19, 2018

First Data Buying BluePay and Other Digital Transactions News briefs from 10/20/17

  • First Data Corp. made it official: it is acquiring merchant processor BluePay Holdings Inc. for $760 million in cash. BluePay processes $19 billion annually for 77,000 merchants and is integrated into more than 450 software platforms. The deal is expected to close by the end of the year. First Data inadvertently posted a release on Thursday announcing the deal prematurely, then quickly removed the announcement.
  • Mastercard Inc. said it is opening access to its blockchain technology through an application programming interface. Currently, Mastercard’s blockchain focuses on business-to-business cross-border payments.
  • Alipay said it is working with JPMorgan Chase & Co. toward an agreement that would let Chinese travelers in North America use their Alipay mobile wallets at merchant clients of Chase Merchant Services.
  • NCR Corp. reported global ATM orders have been “disappointing,” owing in part to “customer delays” in North America and a coming industrywide conversion to Microsoft Corp.’s Windows 10 operating system. Third-quarter ATM revenue dropped 16% to $273 million, more than offsetting a 19% gain in point-of-sale hardware revenue, to $221 million.
  • Payment-services provider Euronet Worldwide Inc., which is based in Kansas but operates globally, saw its third-quarter revenue rise 22% year-over-year to $637.8 million. Transactions totaled 931 million, up 13%.
  • Dream Payments, a Canadian payments-technology provider, introduced Dream Payments Point of Sale, a software service for the Clover line of point-of-sale devices from First Data Corp.

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