Friday , September 25, 2020

Mergers & Acquisitions

December, 2019

  • 3 December

    As Processor Valuations Soar, Shift4 Files for an IPO

    Shift4 Payments Inc., one of the nation’s biggest independent sales organizations, announced on Tuesday that it has filed a draft registration statement with the U.S. Securities and Exchange Commission for what it calls a “proposed” public offering. A Shift4 spokesman did not immediately return a call from Digital Transactions News …

  • 3 December

    Weave Payments Debuts and other Digital Transactions News briefs from 12/3/19

    Weave, a provider of management applications and services for small businesses, announced the launch of Weave Payments, a payment-processing platform that includes acceptance of text-to-pay and mobile wallets.Corporate America Credit Union, a financial cooperative for almost 500 credit unions, has agreed to be a funding agent for the Real-Time Payments network …

November, 2019

  • 26 November

    Klarna Notes Growth and other Digital Transactions News briefs from 11/26/19

    Installment-payments provider Klarna said it added 60,000 merchants to its network in 2019. More than 190,000 merchants offer Klarna as a payment option now. The number of monthly U.S. active users of the Klarna app, which enables them to shop with any store or brand online, increased almost 160% from July through September.Core-banking …

  • 21 November

    Stepping Further into E-Commerce, PayPal Pays $4 Billion for Honey Shopping Assistant

    PayPal Holdings Inc. is betting big on its strategy of boosting its e-commerce presence with its approximately $4 billion acquisition of Honey Science Corp., a technology platform that helps consumers find offers and deals on popular e-commerce sites. Announced Wednesday afternoon, the deal envisions Honey tapping into the more than …

  • 19 November

    Eye on Fintech: Payments Firms Attract Venture Funding; PSCU’s $100 Million Investment

    Venture capital continues to flow to payments companies, which ranked among the top recipients of financial-technology sector funding in the third quarter, according to a new report. And credit-union services organization PSCU announced it will invest $100 million in its payments platform over the next three years. Sweden-based Klarna, a …

  • 18 November

    As the E-Commerce Gateway Business Heats up, Elavon Strikes a Deal for Sage Pay

    U.S. payments companies looking to acquire properties in key markets like e-commerce and merchant acquiring have found a willing seller in Sage Group PLC. Early Monday, the company announced it agreed to sell its payments gateway, Sage Pay Europe Ltd., to Atlanta-based Elavon for $300 million. The deal will bring …

  • 14 November

    Integrated Payments Help Priority Technologies Move Beyond Subscription Billers

    Merchant processor Priority Technology Holdings Inc. posted an 11% increase in payment volume in the third quarter despite the wind-down of its once-sizable processing business for online subscription billers. Alpharetta, Ga.-based Priority said it processed $10.8 billion in merchant bank card volume versus $9.71 billion in 2018’s third quarter, on …

  • 6 November

    Having Absorbed First Data, Fiserv Looks To Cut Costs While Staying Competitive

    Top executives of the newly combined Fiserv Inc.-First Data Corp. say they can save more than $1.1 billion in annual costs while still developing competitive new products and markets for their bank and merchant clients. “The power of this new company has far greater reach than I imagined when we …

  • 6 November

    20 European Banks Challenging Card Networks and other Digital Transactions News briefs from 11/6/19

    Twenty European banks are working on setting up a pan-European payment system to challenge Visa, Mastercard and technology companies such as Google and PayPal, according to press reports. The project is code-named PEPSI, for Pan European Payment System Initiative.In a development that signals an opening in China’s long-protected payments environment, Chinese mobile-payment giants …

  • 5 November

    With A Big Worldpay Integration on Its Plate, FIS Is Likely to Look to ‘Tuck-in’ Deals, CEO Says

    Having just swallowed the massive processor Worldpay Inc., Fidelity National Information Services Inc. will stay on the sidelines for a while when it comes to any more major acquisitions, its chief executive said Tuesday. Meanwhile, the combined company’s update indicated it is now on track to deliver more than $1 …

Do NOT follow this link or you will be banned from the site!