Mergers & Acquisitions

April, 2022

• 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 …
• 18 April

  Sila’s Instant Settlement Service and other Digital Transactions News briefs from 4/18/22

  

  Sila Inc., a software platform for fintechs, launched Instant Settlement, a service that offers immediate access to automated clearing house debits executed on its platform.Canada-based business-to-business payments platform Versapay announced it has closed on its acquisition of U.S.-based DadeSystems, an accounts-receivable software specialist. Terms were not disclosed.Synchrony Financial reported first-quarter net earnings of …
• 12 April

  BridgePay Adopts Visa Tokens and other Digital Transactions News briefs from 4/12/22

  

  Payments gateway BridgePay Network Solutions LLC said is working with Visa Inc.’s TokenID technology to provide network tokenization to all clients using all processors.Paysafe Ltd. said it is expanding its working relationship with international gaming operator Betsson Group to support traditional and alternative payments for the new Betsafe online sportsbook for Colorado.Everi Holdings …
• 11 April

  Wyre’s Sale Terms Inaccurate and other Digital Transactions News briefs from 4/11/22

  

  Ether Capital Corp. issued a statement correcting media reports that its portfolio company, cryptocurrency startup Wyre Payments Inc., has agreed to be acquired by payments fintech Bolt Financial Inc., for $1.5 billion. There has been no disclosure of the proposed transaction terms, Ether said.American Airlines Center, home of the National Basketball Association’s …
• 7 April

  Bolt To Acquire Wyre and other Digital Transactions News briefs from 4/7/22

  

  The commerce platform Bolt has agreed to acquire the cryptocurrency provider Wyre to enable consumers to spend crypto at Bolt merchants, which will receive fiat currency. Terms of the deal, which is expected to close before year’s end, were not disclosed.In related news, payments platform Nium said it has partnered with cryptocurrency specialist BitPay to allow …
• 5 April

  Eye on ISOs: Shift4’s Airport Deal; Payroc Snaps up Iroquois Merchant Services

  

  Ontario International Airport in California is adopting Shift4 Payments Inc.s’ VenueNext mobile point-of-sale technology to allow passengers to order and pay for food and merchandise using their mobile phones. The service includes new self-checkout technology that allows travelers to scan a UPC code, add it to a shopping cart, and …
• 4 April

  Paysafe Bets on Ontario and other Digital Transactions News briefs from 4/4/22

  

  Paysafe Ltd. announced it is processing payments for several iGaming operators in the Canadian province of Ontario, including PointsBet and theScoreBet.Diebold Nixdorf said Langley Federal Credit Union selected the company to operate and manage its self-service banking channel. The credit union said it has more than 320,000 membersBuy now, pay later specialist Klarna …
• 1 April

  U.S. Merchant Acquiring Volume Surpasses $9 Trillion Even As E-Commerce Slows

  

  The 25 biggest U.S. merchant acquirers control about 90% of payment dollar volume, even as e-commerce may be losing some of its recent momentum, according to the latest ranking of U.S. merchant acquirers by The Strawhecker Group, released this week. Overall, U.S. acquirers processed more than $9 trillion in payment …