Atos, parent company of France-based processor Worldline S.A., said Worldline has a deal with payment processor First Data Corp. to buy First Data’s subsidiaries in Lithuania, Latvia, and Estonia, collectively known as First Data Baltics, for €73 million ($85.1 million) in cash. The acquisition comes little more than a week …
Read More »Online Fraud Detection And Prevention Bill Will Hit $9.3 Billion by 2022, Says Juniper
With a rapidly expanding e-commerce market, online fraud-detection and -prevention efforts are poised to grow over the next few years. Merchants are expected to spend $9.3 billion annually on these efforts by 2022, says Juniper Research. That’s a 22% increase from the 2017 spending total, though it pales in comparison …
Read More »Bitcoin Miners Signal Expansion Support and other Digital Transactions News briefs
Speculation of a possible buyout apparently is boosting the stock of payment processor Total System Services Inc. (TSYS), according to press reports; one equity analyst recently issued a report saying a buyout of TSYS by processor Fidelity National Information Services Inc. (FIS) would be “a home run.” TSYS is scheduled to …
Read More »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 …
Read More »Vantiv’s Bank Referral Deal and other Digital Transactions News briefs
Retailer J.C. Penney Co. Inc. announced it now accepts Apple Pay in its stores. The Penney store card will be available for use with Apple Pay, enabling cardholders to earn shopping points through JCPenney Rewards, the store’s loyalty program. Merchant processor Vantiv Inc. announced it has been selected by Columbia Bank, Tacoma, Wash., to provide …
Read More »Mastercard Dodges U.K. Bullet and other Digital Transactions News briefs
• A London judge has rejected an effort by a consumer group in the United Kingdom to bring an $18 billion class-action suit against Mastercard Inc., according to Bloomberg News. The case is related to the card network’s cross-border transaction fees. • Square Inc. announced that Randy Garutti, chief executive of …
Read More »Vantiv Disputes Researcher’s Report About Its Merchant Pricing
Vantiv Inc. took the unusual step this week of filing a document with the Securities and Exchange Commission to dispute a research firm’s report about its merchant pricing. The payment processor says the report “claims Vantiv deceives merchants by marking up interchange fees.” The report about Vantiv’s allegedly high and …
Read More »On a Partnership Tear, PayPal Unveils New Agreements, This Time With Chase And Citi
PayPal Holdings Inc. made it clear on Thursday it isn’t done striking deals with banks and other payments companies. Only days after announcing a major partnership agreement with Samsung Pay, PayPal now says it will work more closely with JPMorgan Chase & Co. and the bank’s Chase Pay wallet. And …
Read More »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 …
Read More »Blackhawk’s Loss Narrows and other Digital Transactions News briefs
Prepaid card provider Blackhawk Network Holdings Inc. said its revenue for the second quarter ended June 17 totaled $463.1 million, an 18.4% increase from $391.2 million in the same period in 2016. The company’s loss of $6.4 million improved from the $11.3 million loss last year. Blackhawk said Target Corp. will be …
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