Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments provider WePay is officially part of JPMorgan Chase & Co., WePay announced Monday. The banking giant wasted no time putting WePay to work as the backbone of a new payments service from Volusion LLC, an e-commerce platform. Chase announced in October it was buying Redwood City, Calif.-based WePay for …
December, 2017
November, 2017
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28 November
M&A Activity in the Merchant-Acquiring Industry Heats Up
As 2017 heads toward a close, merger-and-acquisition activity in the merchant-acquiring space is on track to equal or exceed 2016’s number of deals, and buyers are paying more as the pool of quality acquisition targets shrinks. Annapolis, Md.-based First Annapolis Consulting Inc. tells Digital Transactions magazine for its upcoming December issue …
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8 November
Gone With the Wind: Hurricanes Blow a Hole in a Puerto Rican Processor’s Volumes
Hurricanes Irma and especially Maria devastated Puerto Rico-based payment processor Evertec Inc.’s business in September, and the company’s merchant business is in for a long recovery as the island struggles to restore electric power and other essential services to businesses and residences. In reviewing Evertec’s third-quarter results during a Tuesday …
October, 2017
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31 October
VocaLink, PayPal, And P2P Will Help Propel Mastercard, the Network’s Boss Says
Mastercard Inc. enjoyed a strong third quarter, and Tuesday morning its top executive was not shy about celebrating some of the trends that he expects will further lift results for the world’s second-largest payment card network. These include recent acquisitions, a global partnership with PayPal Holdings Inc., and budding developments …
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31 October
Pineapple Payments Buys Payline Data and other Digital Transactions News briefs from 10/31/17
American Express Co. released SafeKey 2.0, an online authentication tool that uses the EMVCo 3-D Secure 2.0 standard. The service will be available in spring 2018. Payline Data Services LLC announced that payment-processing technology company Pineapple Payments purchased Payline Data for an undisclosed amount. Payline Data has almost 10,000 merchants processing …
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26 October
Irish Firm To Acquire Multi-Currency Processor Planet Payment for $250 Million
Two and a half months after announcing it was exploring strategic alternatives, international payment services provider Planet Payment Inc. reported late Thursday that it has a deal to be acquired by Galway, Ireland-based Fintrax Group, a multi-currency processor for international shoppers, for $4.50 per share in cash. The deal values …
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26 October
Small Merchants Boost Vantiv as the Processor’s Merger With Worldpay Draws Closer
As its merger with London-based merchant acquirer Worldpay Group plc gets closer, payment processor Vantiv Inc. reported Thursday that it saw strong growth in its merchant-acquiring segment in the third quarter, especially from small and mid-sized merchants. Symmes Township, Ohio-based Vantiv said net third-quarter revenues in its Merchant Services segment …
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19 October
First Data Buying BluePay and Other Digital Transactions News briefs from 10/20/17
First Data Corp. made it official: it is acquiring merchant processor BluePay Holdings Inc. for $760 million in cash. BluePay processes $19 billion annually for 77,000 merchants and is integrated into more than 450 software platforms. The deal is expected to close by the end of the year. First Data inadvertently …
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18 October
Chase To Acquire WePay in a Play for ISVs and New Merchants
JPMorgan Chase & Co. is making a big move into the world of independent software vendors and payment facilitators with a planned acquisition of WePay Inc. that the nation’s largest bank announced late Tuesday. Redwood City, Calif.-based WePay develops payments-related application programming interfaces (APIs) for software developers to put into …
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12 October
Blackhawk Network Plans To Sell its Cardpool Gift-Card Exchange Business
Prepaid card services provider Blackhawk Network Holdings Inc. disclosed Wednesday that it plans to sell its struggling Cardpool business. That news came as Pleasanton, Calif.-based Blackhawk reported a loss of $7.8 million for its third quarter ended Sept. 9, bigger than the $5.1 million loss in 2016’s third quarter. Third-quarter …
