Mergers & Acquisitions

January, 2019

• 16 January

  Fiserv Stuns the Industry With a Massive All-Stock Acquisition of First Data

  

  In a stunning announcement that surprised many observers, Fiserv Inc. said Wednesday morning it has struck a deal to acquire First Data Corp. with what the parties say will be the biggest ever such transaction in the payments and financial-technology businesses. The all-stock deal, expected to close in the third …
• 11 January

  Ingenico’s Latest Acquisition and other Digital Transactions News briefs from 1/11/19

  

  Point-of-sale terminal maker and payment-services provider Ingenico Group said it completed its acquisition of New Zealand’s Paymark payment network. Processor Bottomline Technologies Inc. said it has added The Access Bank UK Ltd. to the United Kingdom’s Faster Payments Scheme (FPS) via Bottomline’s Real Time Payments Service. Brex, a provider of corporate cards for startups, …
• 10 January

  Graylin Starts Another Payments Enterprise and other Digital Transactions News briefs from 1/10/19

  

    Will Graylin, a payments entrepreneur and former Samsung Pay executive, launched OV Loop, which includes two voice-activated messaging products, OV App and OV Pro. OV App includes OV Pay, a single-tap payment application under development with financial institutions. Online merchants that don’t process local currencies fail to consummate 6% …
• 8 January

  Paya Makes Another Integrated-Payments Play With a Deal for First Billing Services

  

  Paya Inc. said on Tuesday is has acquired First Billing Services, a Dayton, Ohio-based billing processor for municipalities, utilities, and multifamily housing units. The $57.5 million deal, which Paya chief executive Jeff Hack says was consummated minutes before midnight on New Year’s Eve, represents the Reston, Va.-based payments provider’s second …
• 3 January

  A Look Back at 2018’s 10 Most Popular Digital Transactions Posts

  

  Fraud, acquisitions, and interchange dominated the top 10 list of news articles posted to DigitalTransactions.net in 2018. Starting with a $6.2 billion pact between Visa Inc. and Mastercard Inc., on one hand, and defendant banks, on the other, stemming from 13-year-old litigation over credit card interchange, to American Express Co.’s …

December, 2018

• 27 December

  Net Element Adds Cash Flow From Portfolio Acquisitions and other Digital Transactions News briefs from 12/27/18

  

  A subsidiary of Visa Inc. is offering to buy Earthport PLC, a London-based provider of cross-border payments for banks and businesses, for approximately $250 million in cash. The offer represents a 250% premium to Earthport’s six-month average share price ended Dec. 24 and has the endorsement of Earthport’s board of …
• 24 December

  PayPal Shareholder Suit Dismissed and other Digital Transactions News briefs from 12/24/18

  

  Mindbody Inc., the health and wellness software-application provider, said Vista Equity Partners will buy the company for $1.9 billion. Shareholders will receive $36.50 per share, a 68% premium over Mindbody’s Dec. 21 closing price of $21.72. Mindbody became an independent sales organization in 2010 to be able to sell its …
• 20 December

  Synchrony Financial Extends Qurate Private-Label Card Deal and other Digital Transactions News briefs from 12/20/18

  

  Mobile-commerce platform PredictSpring said it developed a mobile-shopping app and store-associate app that provides a buy-online, pickup-in-store function for BevMo!, a specialty-beverage retailer. Synchrony Financial announced it will provide private-label credit card services to Qurate Retail Group, parent company of HSN, beginning in 2019. Synchrony also extended existing deals with …
• 14 December

  Mitek Suitor Changes Tack and other Digital Transactions News briefs from 12/14/18

  

  An affiliate of Elliott Management Corp., a hedge fund that is trying to acquire remote deposit capture software provider Mitek Systems Inc. through a portfolio company, plans to nominate seven director candidates at Mitek’s 2019 shareholder meeting, Mitek reported in a regulatory filing. The meeting date and location hasn’t been …
• 12 December

  Blackboard Picks Bluefin Encryption Service and other Digital Transactions News briefs from 12/12/18

  

  Thales’s proposed all-cash acquisition of rival Gemalto received merger-control regulatory clearance by the European Commission. Effective immediately, the clearance is conditioned on Thales’s agreement to divest its general-purpose hardware security modules business worldwide. The deal still must clear regulatory hurdles in five other countries, including the United States. Bluefin Payment …