Payments provider Electronic Merchant Systems announced its affiliation with the National Football League’s Cleveland Browns Proud Partner program. Paysafe Group said Philip McHugh will become its chief executive beginning June 24. He replaces Joel Leonoff, who will become vice chairman of the Paysafe board of directors. McHugh comes to Paysafe …
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Klarna, the installment-payment specialist, has released an app that enables consumers to shop a variety of merchants and pay with Klarna without leaving the app. Announced Tuesday, the Klarna app presents the retailer’s site with a footer containing a Pay with Klarna button. When selecting that option, the shopper can pay …
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Payments observers are tempted to think of the $21.5 billion proposed merger of Global Payments Inc. and Total System Services Inc. (TSYS), announced Tuesday, as the latest megadeal in a series initiated in January when Fiserv Inc. said it would acquire First Data Corp. That announcement was followed by the …
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Facing major consolidation among rival processors. Global Payments Inc. and Total System Services Inc. (TSYS) made it official Tuesday they are merging in an all-stock deal that values TSYS at $21.5 billion and will leave Global with 52% of the combined entity. The acquisition is expected to close in the …
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Amazon, Apple, and Microsoft each briefly enjoyed a market capitalization greater than $1 trillion. The two dominant global payment networks, Mastercard and Visa, aspire to join this august, and for the moment, memberless club. In the near term, the networks could grow on autopilot. However, inevitably diminishing retail-payments growth in …
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Payments provider Nuvei announced it will buy SafeCharge International Group Ltd. for approximately $889 million. SafeCharge’s payment platform provides services ranging from card acquiring and issuing to processing and checkout. This confirms reports of a pending deal. Processor Payment Data Systems Inc. said Dealer Pay LLC, provider of a payments …
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A potential merger, joint venture, or partnership may be in the offing for Global Payments Inc. and Total System Services Inc. (TSYS). The two merchant-processing powerhouses have held preliminary discussions about a combination of some sort, according to a report late Thursday by Bloomberg.com. In addition to traditional merchant processing, …
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There’s nothing like mass transit to inculcate payment habits in consumers, so it’s no surprise the major card brands are scrambling to see that their products are part of the ongoing rollout of contactless payments in the nation’s biggest transit system, New York City’s Metropolitan Transportation Authority. Starting May 31, …
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TriMet, the transit agency for the Portland, Ore., region, said transit riders can now use its Hop Fastpass card in Apple Wallet and use their iPhones and Apple Watches to pay for fares on TriMet, C-TRAN, and Portland Streetcar lines. TriMet said Hop is the first transit fare to launch …
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Two powerful forces for making contactless cards a routine feature of daily life are acceptance by mass-transit systems and backing from the biggest issuers. On Wednesday, that combination came into focus with an announcement from Visa Inc. that starting May 31 users of the 20 million contactless credit cards JPMorgan …
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