Friday , September 20, 2024

Jim Daly

Jim Daly joined Digital Transactions in 2006 after covering payments and merchant acquiring at Thomson Media’s Credit Card Management, Credit Card News, and CardLine publications. Before that, he was a reporter and editor at the daily Leader-Telegram in Eau Claire, Wis.

Paysafe To Buy Merchants Choice, but Itself May Be Acquired by a Private-Equity Consortium

In a payments play on acquire and be acquired, Paysafe Group plc announced Friday that it has a deal to acquire Delta Card Services Inc., parent company of independent sales organization Merchants’ Choice Payment Solutions, for $470 million in cash. Separately, United Kingdom-based Paysafe also confirmed that it has received …

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Ingenico To Buy Bambora and Reports Slight Turnaround in North American Business

Point-of-sale terminal maker Ingenico Group announced Thursday that it plans to buy Stockholm-based Bambora Group from Nordic Capital for €1.5 billion ($1.73 billion). The acquisition will put under Ingenico’s roof a fast-growing international payments provider that gets 90% of its revenues on a recurring basis. Stockholm-based Bambora counts 110,000 businesses …

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Eye on Earnings: U.S. Bank’s Merchant Volume Rises; Diebold’s “Very Disappointing” Outlook

U.S. Bancorp on Wednesday reported modestly higher results in its merchant-acquiring unit for the second quarter, while ATM manufacturer Diebold Nixdorf Inc. posted a $31 million loss after lowering its financial projections for the year. Minneapolis-based U.S. Bancorp is the parent company of U.S. Bank and Elavon, the fifth-largest merchant …

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Payments Through Voice-Controlled Devices Begin To Attract Consumers, Survey Finds

Some 19% of consumers participating in a recent survey said they have made a product purchase through Amazon.com Inc.’s Echo or a similar voice-controlled device within the past year. The finding is noted in the Future of Retail 2017 report from Chicago-based Walker Sands Communications, a digital marketing services and …

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USA Technologies Plans Stock Offering of Nearly $40 Million To Fund Growth Initiatives

Unattended payments services provider USA Technologies Inc. announced late Friday that it plans to sell $34.5 million in stock to finance growth initiatives, including possible acquisitions and international expansion. Malvern, Pa.-based USAT filed a registration statement with the Securities and Exchange Commission giving details about the proposed sale, for which …

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