Mergers & Acquisitions

December, 2022

• 9 December

  TreviPay Looks to Faster And More Flexible Payments With Its Deal to Acquire Apruve

  

  Payments provider TreviPay has reached an agreement to acquire business-to-business payments processor Apruve for an undisclosed sum. TreviPay positions the acquisition as part of its ongoing global expansion plan to make payments faster and more flexible for its clients. It will also enable Overland Park, Kan.-based TreviPay to leverage Apruve’s …
• 6 December

  Looking to Sharpen Its Edge in Merchant Services, NMI Acquires Agreement Express’s Payments Assets

  

  Payment platform provider NMI has acquired Agreement Express Inc.’s merchant onboarding, underwriting, and monitoring technologies. The acquisition, which is for the payments portion of Agreement Express’s total business, is aimed at allowing NMI to provide integrated software vendors, independent sales organizations, and fintechs with tools that can speed up merchant …
• 5 December

  Cantaloupe Expects Its $41-Million Deal for 32M To Net More Locations And Improve Margins

  

  Vending and unattended payments specialist Cantaloupe Inc. has closed on its $41 million acquisition of Three Square Market, known as 32M, and intends to use it as a springboard for expansion and improved profit margins. Three Square Market, with headquarters in River Falls, Wis., will generate an estimated $19 million …
• 5 December

  Circle Calls Off Concord Deal And Other Digital Transactions News briefs from 12/5/22

  

  Digital-currency platform Circle Internet Financial Corp. said it and Concord Acquisition Corp. have agreed to terminate a merger the companies had agreed to in July 2021 and amended in February. Nine-year-old Circle posted its first profit in the third quarter, with net income of $43 million. A 2-year-old U.K.-based e-commerce payments provider called Wamo said …
• 2 December

  Splitit’s Top Holiday Spending Categories and other Digital Transactions News briefs from 12/2/22

  

  Buy now, pay later provider Splitit Inc. said data from the Black Friday and Cyber Monday shopping events found that the top spending categories on its platform were electronics, fine jewelry, fitness and outdoors, home furnishings, and health and beauty, based on merchant sales volume. Consumers have hidden bill pay costs of …
• 1 December

  AmEx Business Link Debuts And Other Digital Transactions News briefs from 12/1/22

  

  American Express Co. announced AmEx Business Link, a business-to-business payments ecosystem for network issuing and acquiring clients to offer their business customers. Payments provider Newtek Business Services said it has received conditional approval from the Office of the Comptroller of the Currency to close on its acquisition of the National Bank of New …

November, 2022

• 21 November

  Payment Processor And Lender Newtek Gets the Fed’s Blessing To Be a Bank Holding Company

  

  Newtek Business Services Corp., a small-business lender and payment processor, has received approval from the Federal Reserve to become a bank-holding company and financial-holding company through its acquisition of National Bank of New York City. Newtek entered into an agreement to acquire the bank in August 2021. Approval of the …
• 17 November

  PCI Council’s New M-Pay Standard And Other Digital Transactions News briefs from 11/17/22

  

  The PCI Security Standards Council released its PCI Mobile Payments on COTS standard that addresses security requirements for services that enable merchants to accept cardholder PINs or contactless payments using a smart phone or other commercial off-the-shelf mobile device.Private equity firms Centerbridge Partners L.P. and Bridgeport Partners completed the acquisition of transaction processor Computer Services Inc. for $1.6 …
• 16 November

  The Perilous Language of Fraud And Other Digital Transactions News briefs from 11/16/22

  

  Criminals’ use of language can trip up even savvy consumers, found a new report from Visa Inc. The “Fraudulese: The Language of Fraud” report found that 73% of consumers are likely to miss the requisite red flags in digital communications. The data is based on surveys of 6,000 adults in 18 countries. …
• 3 November

  Bakkt To Acquire Apex for $200 Million and other Digital Transactions News briefs from 11/3/22

  

  Cryptocurrency platform Bakkt Holdings Inc. has agreed to pay $200 million to acquire Apex Crypto LLC, a crypto-trading platform for fintechs, from Apex Fintech Solutions Inc. Card manufacturer CPI Card Group Inc. said credit and debit card sales helped propel its third quarter revenue to $124.6 million, a 25.1% increase from $99.6 million in …