Mergers & Acquisitions

March, 2021

• 25 March

  A Reported SEC Probe Casts a Spotlight on the Fast-Growing SPAC Trend

  

  News late Wednesday that the U.S. Securities and Exchange Commission is inquiring into a newly popular alternative for going public comes as payments firms increasingly turn to the method in lieu of a traditional public offering. Reuters reported late Thursday the SEC is contacting Wall Street financial institutions to ask …
• 25 March

  Shift4 Lands Petco Park Processing and other Digital Transactions News Briefs from 3/25/21

  

  Shift4 Payments Inc. said it will process all payment transactions at Petco Park, home of the San Diego Padres. The deal follows Shift4’s expansion into stadiums and other venues through its recent acquisition of VenueNext Inc.Payments provider SignaPay Ltd. announced a partnership with Valor PayTech to provide Valor’s countertop, handheld, and PIN pad equipment …
• 25 March

  COMMENTARY: Part One: How Intuit’s Network Suit Could Be a Blueprint for the DoJ

  

  The now-you-see-it, now-you-don’t shuffle of interchange-rate changes planned for April may have betrayed a rare introspective moment at the payment networks—which are long used to imposing their fees and rules on the rest of the payments ecosystem at will. And that makes it hard to resist wondering what might be …
• 19 March

  Justice Department Investigating Visa Debit Acceptance and other Digital Transactions News briefs from 3/19/21

  

  The U.S. Justice Department is investigating Visa Inc.’s practices regarding online and in-store debit card acceptance, according to reporting by The Wall Street Journal. The probe is centered on whether Visa has restricted merchants’ ability to flow transactions over less-costly networks, according to sources who spoke to the newspaper.Fintech Enova International said it acquired Pangea …
• 18 March

  Splitit Signs More Merchants and other Digital Transactions News briefs from 3/18/21

  

  Buy now, pay later provider Splitit Payments Ltd. announced new merchants Giant Bicycles, Super73, Mate Bike, Michael’s Jewelry and others now offer the installment payment service. Spliltit also reiterated that its service can be used with credit cards.Boutique marketplace Jane has integrated Klarna for buy now, pay later transactions.Fintech Rapyd said it is waiving up to …
• 15 March

  ParkMobile Expands in Memphis and other Digital Transactions News briefs from 3/15/21

  

  Parking-app provider ParkMobile LLC announced an agreement with the city government in Memphis, Tenn., and with parking-lot manager Premium Parking to offer mobile payments for parking on several city blocks in commercial districts, expanding ParkMobile’s presence in the city. Earlier this month, European parking-technology firm EasyPark Group announced its plan to acquire …
• 12 March

  A Deal for Vend Helps an Acquisitive Lightspeed Bulk up As Covid Restrictions Ease

  

  Canadian processor Lightspeed POS Inc. announced Friday it has entered into an agreement to acquire Vend Ltd., a New Zealand-based provider of cloud-based retail management software. The cash and stock deal is valued at $350 million. Lightspeed will pay $192.5 million in cash and issue subordinate voting shares in the …
• 11 March

  Exploding Online Business Helps Fuel ‘Strongest Growth’ in Nuvei’s History

  

  With the first anniversary of the coronavirus crisis having been reached in the United States, payments processors are reporting strong results as consumers shift to e-commerce, many for the first time. The latest is Nuvei Corp., which on Wednesday reported fourth-quarter results that reflected what the 18-year-old processor called “the …
• 10 March

  Hotelier Adds Bitcoin Acceptance and other Digital Transactions News briefs from 3/10/21

  

  All eight hotels in The Kessler Collection will accept Bitcoin and other cryptocurrencies under an agreement with digital-currency processor BitPay Inc. Guests will receive an email, from which they may pay using their crypto wallet.Personas Social Inc. launched its Paysonas payment-processing platform, which supports online real-time debit and Bitcoin.Menufy, a provider of online-ordering …
• 9 March

  Eye on Parking: ParkMobile Sold to EasyPark And Fast Park Adds Contactless Payments

  

  ParkMobile LLC will have a new owner with the pending sale of its parent company, Park Now Group, to EasyPark Group. Announced Tuesday, the deal will see Atlanta-based ParkMobile, which says it has more than 22 million users in 450 cities, become part of Stockholm-based EasyPark. Park Now has been …