Another seismic merger rumbled through the merchant-acquiring industry on Wednesday when the big acquirer Fifth Third Processing Solutions LLC announced it had struck an agreement to buy Louisville, Ky.-based National Processing Co. When the deal closes, Cincinnati-based Fifth Third will have more than 420,000 merchant locations and annualized charge volume …
Read More »Fast-Growing Green Dot Plans To Do an IPO And Buy a Bank
More than 10 years after its founding, prepaid card reload network and distributor Green Dot Corp. is considering an initial public offering to raise up to $150 million for its next growth phase. The registration statement Monrovia, Calif.-based Green Dot filed last week for the proposed stock offering is a …
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