More than a year after Capital One Financial Corp. announced its $35-billion deal to acquire Discover Financial Services, it received the last federal regulatory approvals to move ahead and has set a May 18 closing. The last two regulatory approvals, from the Federal Reserve and the Office of the Comptroller …
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Fiserv Inc. announced it will open later this year what it calls a strategic fintech hub in Overland Park, Kan., a suburb of Kansas City, Mo. The new location is expected to create approximately 2,000 jobs. Brightstar Credit Union will add real-time payments capabilities through processor Jack Henry & Associates Inc. under a …
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TDS Gift Cards wants to make it easier for merchants to use its gift card program while the First National Bank of Omaha is leveraging its issuing prowess to market MGM Rewards in a new credit card. TDS, a unit of New York City-based Ziff Davis Inc., says it is …
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Shift4 Payments Inc. has extended until May 6 its previously announced all-cash tender offer for all outstanding shares of Global Blue Group Holding AG. The $2.5 billion deal for the Swiss company was announced in February. Shares in Global Payments Inc. tumbled nearly 17.5% Thursday to $69.46 following the news that the payments firm …
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Global Payments Inc. agreed early Thursday to purchase the big processor Worldpay LLC for $22.7 billion. GTCR, a Chicago-based private-equity firm acquired a 55% stake in Worldpay in July 2023 from FIS Inc., while parent FIS retained ownership of the remaining share. Concurrent with the announcement of the Worldpay deal, …
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Top management at American Express Co. early Thursday said the card company’s deal for Center ID Corp., a developer of expense-management software, falls into an overarching strategy to build and reinforce ties with small businesses following years in which AmEx was known for catering to the needs of major firms. …
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In a dual announcement, Fiserv Inc. and Klarna AB said late Tuesday they plan to collaborate on offering Klarna’s installment-credit service through Fiserv’s popular Clover point-of-sale devices, starting with more than 100,000 U.S. merchant locations. An expansion of the rollout to more merchants is planned for early next year, the …
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CPI Card Group Inc. added Web push provisioning to give card issuers the capability to more easily issue credit and debit cards directly to a consumer’s digital wallet. Gateway Funnel Pros, a developer of payment-gateway technology, said it has launched processing services for marketing agencies facing restrictions or denials from other …
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U.S. Bank is stepping up its efforts to entice merchants to use its business checking account with the ability to accept credit and debit card payments. Announced Monday, the U.S. Bank Business Essentials account enables merchants to accept card payments and be eligible for free same-day access to their funds …
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U.S. merchants achieved higher performance scores for their gift card programs in 2025, according to Blackhawk Network’s eighth annual review of the programs. Staples Inc. led all merchants with a score of 104%, followed by Amazon.com with a score of 101% and Best Buy Co. Inc. at 99%. Cosmetics retailer …
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