Monday , May 16, 2022

Mergers & Acquisitions

May, 2022

  • 12 May To Acquire ID Firm ubble and other Digital Transactions News briefs from 5/12/22

    Payments provider has agreed to acquire ubble, a provider of identity-verification technology, in a transaction set to close later this year. Terms were not disclosed.The March 18 increase in the same-day limit to $1 million helped lift same-day ACH volume in the first quarter to $290.3 billion, up 53.3% year-over-year, Nacha said. Transactions …

  • 11 May

    Eye on Earnings: Paya Pursues Integrated Commerce; Paysafe Looks to Recover Momentum

    Paya Holdings Inc., which has been acquisitive in recent years, isn’t done doing deals. Chief executive Jeff Hack won’t name names, but multiple acquisition targets have clearly been scoped out. “We’re busy doing due diligence on a variety of deals. We see attractive opportunities for inorganic growth. You should expect …

  • 5 May

    Lightspeed Leverages a Single Platform That Enables POS And E-Commerce Payment Channels

    Lightspeed Commerce Inc. early Thursday announced the launch of Lightspeed Retail. The new platform, which pulls features from platforms of other companies the Montreal-based processor has acquired, combines point-of-sale, payments, and e-commerce solutions.  The platform also leverages so-called headless commerce technology, which is an e-commerce architecture where front-end applications are decoupled …

  • 3 May

    Big Merchants And E-Commerce Help Drive Growth for FIS in 2022’s Early Going

    Some processors are ready to put the pandemic behind them, but FIS Inc. may have already done it. The big payments processor and banking-services provider early Tuesday reported its merchant revenue increased 15% year-over-year in the first quarter, a number that exceeded the company’s expectations, chief executive Gary Norcross told …

  • 2 May

    Global Payments Puts the Pandemic Behind It As It Develops BNPL And Crypto Services

    Global Payments Inc. Monday morning reported continued recovery from the pandemic’s impact along with new developments the Atlanta-based company says will deepen its ventures in buy now, pay later, cryptocurrency, and support for banks overseas. Global chief executive Jeff Sloan also said the processor has exited its operations in Russia in …

April, 2022

  • 27 April

    Fiserv Drives Deeper Into Data Sharing And Leverages Its BentoBox And Finxact Deals

    Fiserv Inc. in recent years hasn’t been shy about entering new businesses, and now the company is preparing for an expansion of its stake in a market that has picked up considerable momentum in recent years: the data management that lies at the foundation of such operations as open banking. …

  • 27 April

    NCR Revenue up 26% and other Digital Transactions News briefs from 4/27/22

    NCR Corp. reported first quarter revenue of $1.9 billion, a 26% increase from $1.5 billion in the 2021 first quarter. Much of that growth can be attributed to its payments and network business, which includes the Cardtronics and LibertyX acquisitions made less than a year ago. This revenue of $299 million increased 1,259% from $22 …

  • 26 April

    As Visa Contends With Inflation And the War for Ukraine, It Posts a ‘Very Strong’ Quarter

    A year ago, you might have heard payments-network bigwigs complaining about the pandemic’s impact on revenues and volumes. Now, not so much. But, late Tuesday, Visa Inc. indicated it has been hit by a fresh development—Russia’s invasion of Ukraine. That war, which began Feb. 24, trimmed 4 percentage points off …

  • 21 April

    Another Arena Adopts Digital Payments As the MLB Nationals Work With FIS-Worldpay

    The competition to bring digital-payments capability to sports arenas is getting hotter. FIS Inc. announced early Thursday its Worldpay unit is exclusively processing payments for tickets, concessions, and merchandise at Washington D.C.’s Nationals Park, home of the city’s Nationals Major League Baseball team. As part of the deal, Jacksonville, Fla.-based …

  • 19 April

    MyPINPad In Merger and other Digital Transactions News briefs from 4/19/22

    MyPINPad, a provider of mobile-based payment acceptance, has agreed to merge with SmartPesa, a payments-technology provider. Terms were not announced.Fintech AppTech Payments Corp. has agreed to acquire Hothand Inc., a patent-holding company that owns intellectual property in mobile credit and debit transaction technology as well as other fields. The purchase involves transfer …

Digital Transactions