Digital Transactions Authoritative, insightful and timely information for payments professionals
Sundance Payment Solutions launched this month, said president Eric Barth. The company works with independent sales agents to sell a suite of payment-processing services. Payments provider Fattmerchant announced it has closed on a $10.5 million Series C funding round led by Fulcrum Equity Partners. The funding will help launch new …
July, 2018
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10 July
The SEC Hits Carr and Companion With Insider-Trading Lawsuit
The Securities and Exchange Commission filed a civil lawsuit Tuesday accusing former Heartland Payment Systems Inc. chief executive Robert O. Carr and his girlfriend, Katherine M. Hanratty, with insider trading in connection with Heartland’s sale to Global Payments Inc. in April 2016. The lawsuit pending in U.S. District Court in Bridgeport, …
June, 2018
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22 June
PayPal Buying Simility for $120 Million and other Digital Transactions News briefs from 6/22/18
PayPal Holdings Inc. said it is buying Simility, a fraud-prevention and risk-management platform, for $120 million. Once the deal closes—expected in the third quarter—PayPal merchants will get access to Simility’s fraud tools, the company said. This is PayPal’s second acquisition announced this week. Wednesday PayPal said it was buying Hyperwallet for …
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20 June
PayPal Opens Its Wallet Again, This Time To Buy Hyperwallet for $400 Million
Its pending $2.2 billion acquisition of Sweden’s iZettle still awaits final approval, but that didn’t stop PayPal Holdings Inc. from announcing late Tuesday that it has a deal to buy payout provider Hyperwallet for $400 million in cash. San Francisco-based Hyperwallet is an international specialist in provisioning payments, commissions, and …
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18 June
The U.K.’s Finastra Acquires Malauzai Software in a Bid for Mobile Services for Community Banks
Finastra, a London-based vendor of digital-banking software, announced Monday it has acquired Malauzai Software Inc., a 9-year-old company based in Austin, Texas. Terms were not announced. The deal brings to Finastra a company serving more than 350 community financial institutions with solutions for such digital services as mobile remote deposit …
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11 June
VeriFone’s Revenues Slip as Acquisition by Francisco Partners Nears
In what could be its final earnings report as a public company, point-of-sale terminal maker and online payment technology provider VeriFone Systems Inc. reported Friday that its revenues for the quarter ended April 30 fell 7.5% from a year earlier, but its quarterly loss narrowed considerably. San Jose, Calif.-based VeriFone …
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7 June
NXP Launches White-Label NFC Wallet and other Digital Transactions News briefs from 6/7/18
Total System Services Inc. (TSYS) said it purchased iMobile3, which provides point-of-sale and digital marketing services for payments companies to market to merchants, for an undisclosed amount. Chip maker NXP Semiconductors N.V. announced a collaboration with Mastercard Inc. and Visa Inc. with the launch of the NXP mWallet 2GO, a white-label …
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1 June
Heartland Accuses Former CEO Carr of Giving Girlfriend Money for Improper Stock Purchase; Carr Calls It a ‘Smear Campaign’
Heartland Payment Systems, now a subsidiary of merchant acquirer Global Payments Inc., filed a lawsuit this week accusing its former chief executive Robert O. Carr of breach of fiduciary duty by giving a woman described as his girlfriend approximately $1 million to buy Heartland stock before Global Payments’s offer to …
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1 June
Square Closes Weebly Deal and other Digital Transactions News briefs from 6/1/18
Square Inc. updated its second-quarter and full-year guidance following its acquisition of e-commerce site provider Weebly Inc., which closed Friday. Square now expects its full-year revenue to range from $3.03 billion to $3.09 billion, up from $3 billion to $3.06 billion. For the second quarter, it forecasts $744 million to …
May, 2018
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31 May
ParkWhiz Buys CodiPark and other Digital Transactions News briefs from 5/31/18
Parking management and payments provider ParkWhiz acquired CodiPark, an Israeli firm whose app allows users to pay for a parking space when they drive up to a garage, a function that adds to ParkWhiz’s pre-booking app. Terms were not announced. POSaBIT Ltd., a financial-technology company specializing in digital currency at the …