Digital Transactions Authoritative, insightful and timely information for payments professionals
In an effort to boost its electronic bill-payment offerings, payments-technology provider ACI Worldwide Inc. on Thursday announced its second recent acquisition from The Western Union Co., this one of mobile bill-presentment provider Walletron Inc. Today’s announcement came at the same time Naples, Fla.-based ACI said it will complete its previously …
May, 2019
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8 May
NCR Says Its Integration of Processor JetPay Into Its POS Systems on Track
Integration of JetPay, the processor NCR Corp. bought for $184 million in 2018, into NCR’s point-of-sale systems will be more broadly available in the second half of 2019, NCR said Tuesday. NCR intended to marry JetPay with its POS systems, including NCR Silver and Aloha, in an effort to offer …
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8 May
Visa Completes Earthport Deal and other Digital Transactions News briefs from 5/8/19
Visa Inc. closed on its acquisition of Earthport, a provider of cross-border payments services. The card network says it expects the acquisition to allow it to access “the vast majority of the world’s banked population” to allow them to move money globally. Earthport earlier this year had been the object …
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6 May
Under One Roof, Nxgen And Payscape Eye Expansion And Acquisitions
Payments providers Nxgen International and Payscape have come under one roof in a deal valued at $124 million and aided by investor Parthenon Capital Partners, the companies announced late last week. That will provide the impetus for both companies, whose brands will continue, to focus on expansion through organic growth …
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3 May
Mastercard Adds To Its Bill-Pay Heft With Transactis Acquisition
In its latest move to enhance its electronic bill-payment services, Mastercard Inc. announced Friday it has a deal to acquire bill-pay platform provider Transactis Inc. New York City-based Transactis provides technology that enables small businesses and organizations such as schools and property owners that mostly deal with paper bills and …
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3 May
Integrated Payments in the U.S. and Abroad Prove Fruitful for EVO Payments
The integrated-payments phenomenon is paying off for EVO Payments Inc. in the United States and internationally. While Atlanta-based EVO reported a decrease in first-quarter earnings, its strategy of courting integrated software vendors and companies that support their point-of-sale software continues to reap rewards, which EVO management says will benefit the …
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2 May
Global Payments Touts Differentiated Strategy as Worldpay Reports Strong First-Quarter Results
The big merchant processors Global Payments Inc. and merger candidate Worldpay Inc. reported healthy first-quarter results Thursday. North America performed especially well for Atlanta-based Global Payments, generating $678.4 million in revenues, up 14% from $594 million in 2018’s first quarter. In contrast, European revenues slipped 0.3% to $142.9 million while …
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2 May
Mitek Chooses Independence and other Digital Transactions News briefs from 5/2/19
The board of directors of Mitek Systems Inc., the developer of remote deposit capture and identity-verification software, has concluded its “strategic review” of alternatives that could have led to the company being acquired, but now plans to remain independent. “Our board, following a thorough review of the results and in …
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1 May
Square’s Dorsey Not Troubled by the Acquiring Industry’s Mega-Mergers
Square Inc. has been a non-traditional merchant acquirer since its birth nearly a decade ago, and a wave of industry mergers won’t change that, according to chief executive Jack Dorsey. “I do think we will continue to see consolidation, but that doesn’t worry me,” Dorsey, who also is Twitter Inc.’s …
April, 2019
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30 April
Fiserv’s First Data Deal Remains on Track Despite Justice Request
Core processor Fiserv Inc. continues to expect its $22 billion deal to acquire First Data Corp. will close in 2019’s second half despite a U.S. Department of Justice inquiry about the merger, Brookfield, Wis.-based Fiserv reported Tuesday. The Justice Department asked for more information and documents on April 4, though …