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- The private-equity firm GTCR said the previously announced $24.25-billion sale of processor Worldpay to Global Payments Inc. has closed. As a result of the transaction, GTCR will own roughly 15% of Global Payments’ equity, the investment firm said. GTCR acquired a majority stake in Worldpay in July 2023 from the processor FIS Inc.
- Global Payments announced it closed on the sale of its Issuer Solutions unit to FIS at the same time its acquisition of Worldpay from GTCR and FIS was final. With the massive processor now part of Global Payments, the company said it will serve 6 million merchant locations, processing $3.7 trillion in volume on 94 billion transactions annually.
- The processor ACI Worldwide Inc. said its Pay.On payments-orchestration service will integrate the Paze online checkout service from Early Warning Services.
- Payroc World Access LLC said it is widening its links to POS terminal maker ID Tech in an effort to offer a wide range of devices to independent software vendors (ISVs) and their clients.
- FIS announced an agentic-commerce service it is introducing will be the first to allow financial institutions to securely engage in commerce with AI agents and card networks.
- Lightspeed Commerce Inc. introduced what it says is a new shopping and ordering experience as part of its Marketplace platform, which serves the wholesale needs of merchants.
- MagicCube Inc. announced it raised $10 million in new funding from Verifone Systems Inc. and other investors in an effort to move beyond its long-time base in tap-to-phone technology into markets such as biometrics and AI-based device security.
- Stablecoin platform Bakkt Holdings Inc. has agreed to acquire Distributed Technologies Research Ltd., a stablecoin-payments technology provider, in an all-stock deal. Bakkt also said it will change its name to Bakkt Inc. effective Jan. 22. Its NYSE symbol, BKKT, will not change.
- Nacha, the rules-setting body for the ACH network, said it has designated ACH risk-management firm Affirmative a Nacha Preferred Partner for Compliance/Fraud Monitoring/Risk and Fraud Prevention.
- Trybe, a software developer serving the payments needs of spas and bathhouses, received a $30-million Series A investment from Five Elms Capital.
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