Mergers & Acquisitions

March, 2019

• 27 March

  While It Merges With FIS, Worldpay Looks to Expansion in Australia And New Zealand

  

  Worldpay Inc. may be embroiled in combining its business with that of Fidelity National Information Services Inc., but that isn’t stopping the huge processor from seeking international expansion. Cincinnati-based Worldpay said on Wednesday it will open two new offices in Australia and has obtained a license to acquire card payments …
• 25 March

  Details on Apple/Goldman Card? And other Digital Transactions News briefs from 3/25/19

  

  Apple Inc. on Monday is expected to make several major announcements, possibly including one regarding a credit card it is reportedly developing with Goldman Sachs Group Inc. that would work with the iPhone and Apple Pay, according to news services. Apple’s iOS 12.2 update will integrate a new wallet app …
• 22 March

  Mastercard’s Contactless Transit Announcement and other Digital Transactions News briefs from 3/22/19

  

  Mastercard Inc. announced contactless-payment capability will go live in 20 U.S. cities “within the next few years,” starting with subway and bus systems later this year in New York City, where the company is working with transit-technology firm Cubic Transportation Systems. Bitmo, a startup that offers mobile gift cards that …
• 21 March

  Priority Technology Blames a Mastercard Subscription Rule for Its $19.5 Million Revenue Hit

  

  Merchant processor Priority Technology Holdings Inc.’s fourth-quarter revenues fell by $19.5 million, a drop of 16.5%, in the face of a new Mastercard Inc. rule change tightening consumer notices on subscription billings. “This decline was being driven by one factor and one factor only,” Priority chairman and chief executive Thomas …
• 18 March

  Weeks After Fiserv’s Bid for First Data, FIS Puts up $43 Billion to Snap up Worldpay

  The other shoe has dropped. Fidelity National Information Services Inc.’s $43-billion cash-and-stock deal to acquire Worldpay Inc., announced early Monday, will create a processing behemoth that will compete globally across a sweeping range of payments businesses, including merchant acquiring, e-commerce, faster payments, and core processing. And though the bosses of …
• 18 March

  FIS And Worldpay: Merger Mania Probably Isn’t Over, Analysts Say

  

  Close observers of the payment-processing industry predicted Fiserv Inc. would start a merger wave when it announced its $22 billion deal to acquire First Data Corp. in January. That prophecy seems to have come true with the even bigger $43 billion FIS-Worldpay merger announced Monday, and the consolidation wave probably hasn’t …
• 15 March

  First Data Rejected Overtures From ‘Party A’ Before Accepting Fiserv’s Merger Offer

  

  First Data Corp. began talking with a potential merger partner identified only as ‘Party A’ more than a year before Fiserv Inc.’s $22 billion takeover offer for the big payment processor was announced, according to a proxy statement Fiserv and First Data filed this week. The lengthy document—more than 300 …
• 14 March

  Car Dealer Adds Aliant Crypto Processing and other Digital Transactions News briefs from 3/14/19

  

  Aliant Payments said it added Bob Moore Auto Group as a client for cryptocurrency processing. The agreement will allow the auto dealer to accept Bitcoin, Ethereum, and Litecoin for cars, parts, and service at its Subaru dealership in Oklahoma City. Thales S.A. said Gemalto will operate as a separate company …
• 13 March

  EVO Plans To Pump Up U.S. Growth While Eyeing Further Foreign Expansion

  

  Merchant acquirer EVO Payments Inc. plans to reinvigorate its lagging U.S. e-commerce business while still pursuing expansion opportunities abroad, its chief executive said Wednesday. Atlanta-based EVO is one of the smaller publicly traded payment processors, and it has a unique business model. Its roots are in the U.S., but today …
• 12 March

  Mastercard To Acquire Ethoca and other Digital Transactions News briefs from 3/12/19

  

  Mastercard Inc. said it is purchasing Ethoca Inc., a fraud-mitigation firm, for an undisclosed amount. The deal is expected to close in the second quarter. Ethoca works with more than 5,000 merchants and 4,000 financial institutions. Mastercard intends to expand Ethoca’s capabilities and combine the company with its current security …