Mergers & Acquisitions

January, 2017

• 30 January

  Adding Scale And Payroll Cards, Green Dot Pays $147 Million Upfront for UniRush

  

  Prepaid card specialist Green Dot Corp. has agreed to buy rival UniRush LLC in a deal valued at a minimum of $147 million and expected to close by the end of March. Pasadena, Calif.-based Green Dot, perhaps best known for managing Wal-Mart Stores Inc.’s MoneyCard operation, said the deal will …
• 26 January

  Ant Financial, Backer of Alipay, Shells out $880 Million for No. 2 U.S. Money Transmitter MoneyGram

  

  The company behind the rapidly growing Alipay mobile-payment service is acquiring the second-largest U.S. based money-transfer company. China-based Ant Financial Services Group’s deal to buy Dallas-based MoneyGram International Inc. for $880 million in cash will likely close some time in the second half of the year , according to an …
• 5 January

  EVO Buys Sterling Payment Technologies and other Digital Transactions News briefs

  • Merchant processor EVO Payments International has acquired payments-solutions specialist Sterling Payment Technologies. Paul Hunter, Sterling’s president and chief executive, will manage the Sterling unit within EVO. Terms of the deal were not announced. • An app called Clarity Money has debuted to help consumers manage their finances by performing such chores as negotiating bills, choosing …
• 4 January

  British Competition Authorities Question Mastercard’s VocaLink Acquisition

  

  The United Kingdom’s Competition and Markets Authority (CMA) is questioning Mastercard Inc.’s planned $920 million acquisition of London-based VocaLink Holdings Ltd., a deal which if consummated would give Mastercard a strong presence in several non-card payment systems, including the Faster Payments initiative in the United States. VocaLink operates Bacs, the U.K.’s …

December, 2016

• 2 December

  Visa’s Deal for CardinalCommerce Comes As Fears Rise Over Online Fraud, False Declines

  

  In a move that expands its business as a provider of risk-control services for merchants and card issuers, Visa Inc. announced Thursday that it has a deal to acquire e-commerce payment-authentication provider CardinalCommerce Corp. Founded in 1999, Mentor, Ohio-based CardinalCommerce’s signature product is Cardinal Secure Authentication, a service that uses …

September, 2016

• 30 September

  Former TransFirst Exec Shlonsky Leaving TSYS and other Digital Transactions News briefs

  • Processor Total System Services Inc. (TSYS) reported that John Shlonsky, senior executive vice president of TSYS, and president of TSYS’s Merchant Services segment, has resigned effective Oct 7. Shlonsky joined TSYS in April with the company’s acquisition of merchant processor TransFirst Holdings Inc., where he was president and CEO. …

July, 2016

• 28 July

  Global Payments’ Heartland Merger On Track, Executives Say

  

  The $4.3 billion merger of Global Payments Inc. and Heartland Payment Systems Inc. appears to be paying off. Atlanta-based Global Payments released its fiscal fourth-quarter and year-end results Thursday. For the year, which ended May 31, total revenue of $2.9 billion was up 4.5% from $2.8 billion in the prior year. …
• 21 July

  MasterCard to Buy U.K. ACH and Faster-Payments Operator VocaLink for $920 Million

  

  Confirming months of speculation, MasterCard Inc. announced Thursday that it has a definitive deal to acquire VocaLink Holdings Ltd., operator of the United Kingdom’s automated clearing house and faster-payments systems, for £700 million, or approximately $920 million, in cash. London-based VocaLink operates BACS, the U.K.’s ACH network, as well as the …

May, 2016

• 12 May

  TransFirst Joins TSYS with Future-Focused Strategies for Payments Innovations

      By John Shlonsky, Senior Executive Vice President  & President, Merchant Services, TSYS In today’s dynamic payments environment, there are two vital components needed for ongoing growth. First, bring relevant products and services to the market. Then, provide operational excellence and support to the customers who use them. A …

April, 2016

• 4 April

  TSYS Completes Its TransFirst Deal and other Digital Transactions News briefs

  • VeriFone Systems Inc. introduced Verifone Carbon, a black, portable point-of-sale system for café owners, quick-service restaurants, and stores that features a tablet screen for the merchant and a smaller screen for the customer, and a stand with a built-in printer. The Intel-powered device includes VeriFone’s cloud-based Commerce Platform that …