Monday , July 15, 2024

Mergers & Acquisitions

March, 2024

  • 18 March

    FIS Enlists AI in Fraud Detection And Other Digital Transactions News briefs from 3/18/24

    FIS Inc. said its SecurLock service, working with artificial-intelligence technology from the fintech Stratyfy, is set to increase the volume of card transactions accurately identified as fraudulent, allowing clients to stop the transactions before they are consummated. FIS said the technology “was able to deliver a significant improvement of accurately identified …

  • 15 March

    FedNow User Group Formed and other Digital Transactions News briefs from 3/15/24

    The Federal Reserve launched a user group for the 607 financial institutions that have signed on so far to participate in FedNow, the real-time payments network the regulator launched last summer with 35 participants, a count that had reached 400 by January. All live financial institutions and certified service providers are eligible …

  • 8 March

    Blockbuster Deals Aside, a Slower M&A Trend Continues to Grip the Payments Industry 

    The news nearly three weeks ago that Capital One Financial Corp. is looking to acquire Discover Financial Services stunned the payments industry. But even if the $35.3-billion deal closes in the coming months it will represent a notable exception in the middle of a continuing slowdown in merger-and-acquisition activity in …

  • 7 March

    PayPal Adds Tap to Pay on iPhone And Other Digital Transactions News briefs from 3/7/24

    PayPal Holdings Inc. said Tap to Pay on iPhone is available for all Venmo business profile and PayPal Zettle users in the United States. Tap to Pay on iPhone enables merchants to accept contactless payments using an iPhone with no extra hardware, only a payments app. The service had been in …

  • 6 March

    An Active Year Helps Boost Results for Canada’s Nuvei

    The big Montreal-based processor Nuvei Corp. has had a busy year since its headline acquisition early in 2023 of Atlanta-based Paya Holdings Inc., and late on Tuesday it disclosed how that activity has helped buoy its financial results. Nuvei, which was known until 2018 as Pivotal Payments, reported it processed …

  • 4 March

    Galileo’s RTP Addition and other Digital Transactions News briefs from 3/4/24

    Galileo Financial Technologies expanded its relationship with The Bancorp Bank NA that now includes access to the RTP network, the real-time payments service from The Clearing Payments Co. LLC. Apple Inc. was hit with a $2 billion fine by the European Union over its European app store payment practices, CNN reported. Synchrony …

  • 1 March

    Newly Independent NCR Voyix Reports Platform Growth

    In its first earnings report since its split from the former NCR Corp., point-of-sale and digital-commerce technology provider NCR Voyix Corp. on Thursday said it added 14,000 sites to its platform in 2023. Atlanta-based NCR Voyix’s platform handles payments, business-management and marketing functions for retailers, restaurants, and banks, and the …

February, 2024

  • 29 February

    Is Shift4 Seeking a Buyer? News Reports Say So, But the Company Stays Mum

    Shift4 Payments Inc. went public in June 2020 after more than two decades as a privately held processor, but now its senior management may be looking for greater returns via an acquisition by an outside company. Both the processing giant Fiserv Inc. and a Spain-based reservations-processing company called Amadeus could …

  • 28 February

    Play Ball! Shift4 Lands Yankee Stadium; Sound Payments Adds Boarding And Deployment Services

    With 29 days until Major League Baseball’s opening day on March 28, the New York Yankees have selected Shift4 Payments Inc. as the team’s concessions and retail sales point-of-sale system provider. Announced Wednesday, the deal will see Shift4 payment technology deployed at Yankee Stadium and at the George M. Steinbrenner …

  • 26 February

    Post Worldpay, FIS Looks to Share Buybacks And Growth in Digital Payments

    Having completed on Feb. 1 a 55% spin-off of its massive Worldpay processing operation, FIS Inc. is now looking to concentrate on priorities including digital banking, real-time payments, and share buybacks, the company’s top executives said early Monday. Nor is the big Jacksonville, Fla.-based processor ignoring its potential gains from …

Digital Transactions