Mergers & Acquisitions

May, 2022

• 2 May

  Global Payments Puts the Pandemic Behind It As It Develops BNPL And Crypto Services

  

  Global Payments Inc. Monday morning reported continued recovery from the pandemic’s impact along with new developments the Atlanta-based company says will deepen its ventures in buy now, pay later, cryptocurrency, and support for banks overseas. Global chief executive Jeff Sloan also said the processor has exited its operations in Russia in …

April, 2022

• 27 April

  Fiserv Drives Deeper Into Data Sharing And Leverages Its BentoBox And Finxact Deals

  

  Fiserv Inc. in recent years hasn’t been shy about entering new businesses, and now the company is preparing for an expansion of its stake in a market that has picked up considerable momentum in recent years: the data management that lies at the foundation of such operations as open banking. …
• 27 April

  NCR Revenue up 26% and other Digital Transactions News briefs from 4/27/22

  

  NCR Corp. reported first quarter revenue of $1.9 billion, a 26% increase from $1.5 billion in the 2021 first quarter. Much of that growth can be attributed to its payments and network business, which includes the Cardtronics and LibertyX acquisitions made less than a year ago. This revenue of $299 million increased 1,259% from $22 …
• 26 April

  As Visa Contends With Inflation And the War for Ukraine, It Posts a ‘Very Strong’ Quarter

  

  A year ago, you might have heard payments-network bigwigs complaining about the pandemic’s impact on revenues and volumes. Now, not so much. But, late Tuesday, Visa Inc. indicated it has been hit by a fresh development—Russia’s invasion of Ukraine. That war, which began Feb. 24, trimmed 4 percentage points off …
• 21 April

  Another Arena Adopts Digital Payments As the MLB Nationals Work With FIS-Worldpay

  

  The competition to bring digital-payments capability to sports arenas is getting hotter. FIS Inc. announced early Thursday its Worldpay unit is exclusively processing payments for tickets, concessions, and merchandise at Washington D.C.’s Nationals Park, home of the city’s Nationals Major League Baseball team. As part of the deal, Jacksonville, Fla.-based …
• 19 April

  MyPINPad In Merger and other Digital Transactions News briefs from 4/19/22

  

  MyPINPad, a provider of mobile-based payment acceptance, has agreed to merge with SmartPesa, a payments-technology provider. Terms were not announced.Fintech AppTech Payments Corp. has agreed to acquire Hothand Inc., a patent-holding company that owns intellectual property in mobile credit and debit transaction technology as well as other fields. The purchase involves transfer …
• 18 April

  Sila’s Instant Settlement Service and other Digital Transactions News briefs from 4/18/22

  

  Sila Inc., a software platform for fintechs, launched Instant Settlement, a service that offers immediate access to automated clearing house debits executed on its platform.Canada-based business-to-business payments platform Versapay announced it has closed on its acquisition of U.S.-based DadeSystems, an accounts-receivable software specialist. Terms were not disclosed.Synchrony Financial reported first-quarter net earnings of …
• 12 April

  BridgePay Adopts Visa Tokens and other Digital Transactions News briefs from 4/12/22

  

  Payments gateway BridgePay Network Solutions LLC said is working with Visa Inc.’s TokenID technology to provide network tokenization to all clients using all processors.Paysafe Ltd. said it is expanding its working relationship with international gaming operator Betsson Group to support traditional and alternative payments for the new Betsafe online sportsbook for Colorado.Everi Holdings …
• 11 April

  Wyre’s Sale Terms Inaccurate and other Digital Transactions News briefs from 4/11/22

  

  Ether Capital Corp. issued a statement correcting media reports that its portfolio company, cryptocurrency startup Wyre Payments Inc., has agreed to be acquired by payments fintech Bolt Financial Inc., for $1.5 billion. There has been no disclosure of the proposed transaction terms, Ether said.American Airlines Center, home of the National Basketball Association’s …
• 7 April

  Bolt To Acquire Wyre and other Digital Transactions News briefs from 4/7/22

  

  The commerce platform Bolt has agreed to acquire the cryptocurrency provider Wyre to enable consumers to spend crypto at Bolt merchants, which will receive fiat currency. Terms of the deal, which is expected to close before year’s end, were not disclosed.In related news, payments platform Nium said it has partnered with cryptocurrency specialist BitPay to allow …