Mergers & Acquisitions

February, 2022

• 7 February

  Independent ATM Deployers Expect to Benefit As Banks Pull Back on Off-Premise ATMs

  

  As banks pull ATMs from underperforming off-premise locations, it is creating an opportunity for independent ATM deployers to fill the void, says a report for RBR, a London-based research and consulting firm. The trend, which is being driven in part by banks’ growing emphasis on providing cashless paymentsolutions to their …
• 7 February

  Fiserv Acquires Finxact and other Digital Transactions News briefs from 2/7/22

  

  Processor Fiserv Inc. said it has agreed to acquire digital-banking developer Finxact Inc. Fiserv, an early investor in Finxact, will acquire total ownership interest for $650 million.Israel-based payments provider Nayax Ltd. said it has submitted a draft registration statement with the U.S. Securities and Exchange Commission for a potential U.S. initial public offering of …
• 1 February

  Block Closes on Afterpay, And Square Rolls It Out To Sellers in the U.S. And Australia

  

  Five months after announcing its deal to acquire buy now, pay later provider Afterpay Ltd., Block Inc. is making Afterpay available to Square sellers in the United States and Australia. The move comes as Block, Square’s parent company, officially closed the Afterpay acquisition on Monday. Block agreed to buy Afterpay …
• 1 February

  Silvergate’s Deal for Diem’s Assets Caps a Troubled Saga for the Facebook-Initiated Venture

  

  Silvergate Capital Corp. late Monday confirmed widespread reports that it has acquired assets from the stablecoin venture Diem Group. The deal, valued at $182 million in cash and stock, includes Diem’s intellectual property and “other technology assets related to running a blockchain-based payment network,” according to the announcement. The La …
• 1 February

  Trust Payments Acquires Retail Tech Firm and other Digital Transactions News briefs from 2/1/22

  

  Trust Payments Ltd., a payments provider in the U.K., European Union, and U.S. markets, announced it has acquired retail-technology company WonderLane Solutions Ltd. Terms were not announced.In related news, Trust Payments is the first client to go live on a payments platform created by cryptocurrency specialist Ripple Labs Inc. and Moduir Finance …

January, 2022

• 28 January

  The Fed Releases Some FedNow Fees and other Digital Transactions News briefs from 1/28/22

  

  The Federal Reserve’s FedNow real-time payments platform will charge a monthly $25 participation fee for each receiving routing transit number, 4.5 cents per credit transfer to be paid by sender, and a penny for a request for payment message, paid by requestor. The Fed expects to release a full fee schedule later this …
• 27 January

  Mastercard: All in on Open Banking, But Not on Amazon’s Fee Dispute With Visa

  

  Top executives at Mastercard Inc. made it plain early Thursday the card network is determined to develop its account-to-account payment capabilities, while maintaining its distance from the dispute between its rival Visa Inc. and the e-commerce juggernaut Amazon.com Inc. over transaction pricing. “That’s fundamentally a question for Visa and Amazon,” …
• 27 January

  Strawhecker Ranks Gateways and other Digital Transactions News briefs from 1/27/22

  

  Consulting firm The Strawhecker Group announced its list of best-performing payment gateways in a range of categories. CSG Forte and FIS (Express) were co-winners in the best-performing gateway category, with JPMorgan Chase (Orbital) as runner-up. Elavon (Fusebox) won for fastest transactions.With the majority of buy now, pay later accounts going unreported to …
• 20 January

  Mastercard Track Instant Pay Unveiled and other Digital Transactions News briefs from 1/20/22

  

  Mastercard Inc. launched Mastercard Track Instant Pay, a platform enabling instant payment of supplier invoices via virtual card transactions supported by machine learning. The service is available in the United States now, with plans to expand globally.Nuvei Corp. has been approved by the New York State Gaming Commission to process payments for …
• 19 January

  Celero’s Omega Acquisition, Its Second in a Month, Brings Strength in Software

  

  Celero Commerce made its second acquisition in a month with its deal to acquire Omega Technology, a Fort Thomas, Ky.-based payments provider. Nashville, Tenn.-based Celero says the combined company will process payments for more than 50,000 merchants at approximately $20 billion in annual card volume. Celero acquired Everest Payment Solutions in …