Monday , July 15, 2024

Mergers & Acquisitions

January, 2024

  • 19 January

    Synchrony To Acquire Ally’s POS Financing Unit And Other Digital Transactions News briefs from 1/19/24

    Synchrony Financial said it will acquire the point-of-sale financing business of Ally Financial Inc. The portfolio includes $2.2 billion in loan receivables and includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and health care. Terms were not disclosed. Alchemy Pay, whose gateway …

  • 4 January

    Talus Pay’s New Year Starts With Two Acquisitions

    Payments provider Talus Pay announced two acquisitions on Thursday, indicating it acquired Clarus Merchant Services and Jobox.ai in separate deals. Total annual payments volume for the newly combined company total $9 billion for more than 22,000 U.S. merchants. Dallas-based Talus Pay says Clarus Merchant Services, based in Gaithersburg, Md., provides …

  • 3 January

    RDE Views Its CardCash.com Acquisition As a Boost in the Gift Card Market

    RDE Inc., owner of Restaurant.com, a popular dining-deals site, has closed on its acquisition of CardCash Exchange LLC, operator of CardCash.com, a secondary gift card marketplace. The deal advances RDE’s presence in gift cards for consumers and merchants. The combined business accounted for more than $100 million in revenue in …

  • 3 January

    Kindcard To Acquire OpenTransact And Other Digital Transactions News briefs from 1/3/24

    Kindcard Inc., which among other services provides closed-loop payments technology connecting businesses and consumers, said it has entered a letter of intent to acquire OpenTransact from AcePay Inc. OpenTransact offers a banking platform that supports high-risk merchants. Terms were not disclosed. The tokens USDT and USDC dominate the stablecoin market, …

December, 2023

  • 15 December

    With Sale Rumors Swirling, Shift4 May Be Traveling Down An Alternative Path

    With the payments industry abuzz since late Thursday with reports that the big processor Shift4 Payments Inc. is in talks to be acquired by Global Payments Inc.—reports Global Payments has denied— questions are emerging as to whether Shift4’s plans to grow through the exploration of strategic initiatives include a sale. …

  • 7 December

    SoundHound’s $25 Million Acquisition And Other Digital Transactions News briefs from 12/7/23

    SoundHound AI Inc. said it will acquire SYNQ3 Restaurant Solutions, a voice artificial intelligence and technology provider for restaurants, in a deal valued at $25 million. Once completed, the deal will extend SoundHound’s services to 10,000 locations and more than 25 national and multinational chains. The deal is expected to close …

November, 2023

  • 29 November

    Nuvei Launches Issuing Program And Other Digital Transactions News briefs from 11/29/23

    Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …

  • 28 November

    Square Holiday Shopping up 14% And Other Digital Transactions News briefs from 11/28/23

    Square and Afterpay merchants counted 70 million transactions over the Black Friday-Cyber Monday holiday weekend, up 14% from the same period in 2022, Square said. In-person shopping increased 15% year-over-year. Amendments under consideration by Australia’s national government would impose on digital wallets like Apple Pay and Google Pay the same regulations as those enacted …

  • 8 November

    Shift4 Embraces M&A As Its Finaro Deal Finally Closes And More Stadium Business Beckons

    The payments business may be shying away from the mergers-and-acquisitions market for the time being, but that’s not a strategy Shift4 Payment Inc.’s boss is interested in imitating. “Now, there’s a general distaste for acquisitions. That’s not a mistake we’re going to make,” declared Shift4 chief executive Jared Isaacman early …

  • 7 November

    PSCU And Co-op Solutions Merge to Create a Potential Fintech Powerhouse for Credit Unions

    Long-time credit union service and financial-technology providers PSCU and Co-op Solutions announced a merger late Monday. The merged entity, which has yet to be named, will create an end-to-end payments system for credit unions of all sizes, PSCU chief executive and president Charles E. “Chuck” Fagan, promised during a press …

Digital Transactions