Mergers & Acquisitions

September, 2021

• 9 September

  As It Moves Into Crypto, Mastercard Agrees to Buy Digital-Currency Security Firm CipherTrace

  

  The two big card networks are making preparations for big moves into cryptocurrency payments. But crypto is no stranger to fraud, so Mastercard Inc. on Thursday announced it is acquiring CipherTrace Inc., a 6-year-old company specializing in technology to combat money laundering and other crimes involving digital-currency transactions. The deal, …
• 8 September

  Global Payments Agrees to Buy MineralTree, Works with Virgin Money, And Looks to Venue Payments

  

  Wednesday was a busy day for Global Payments Inc. Seeking to expand its share of business-to-business payments processing, the Atlanta-based processing giant on Wednesday agreed to acquire MineralTree Inc., a provider of accounts-payable automation and B2B payments solutions, for $500 million in cash. Global Payments will finance the deal with …
• 8 September

  Chase To Acquire 75% of Volkswagen Payments and other Digital Transactions News briefs from 9/8/21

  

  JPMorgan Chase & Co. has agreed to buy close to 75% of Volkswagen’s payments platform, operated by Volkswagen Payments S.A. Terms of the deal were not announced. The unit supports in-car payments and other services in 32 markets worldwide.Clickatell, an online chat provider, launched Chat 2 Pay, a service that enables …
• 7 September

  Mastercard Expands Its Open Banking Reach With an Agreement to Acquire Aiia

  

  Mastercard Inc. strengthened its hand in open banking on Monday, reaching an agreement to acquire European open-banking platform provider Aiia. Terms of the deal were not disclosed. The acquisition is expected to strengthen Mastercard’s position as a provider of open-banking services in Europe. Mastercard established a presence in the business …
• 7 September

  How the Latin American Market Has Hit the Radar Screen for Major Processors

  

  North American payments processors are focusing lately on bulking up resources in Latin America, largely via acquisition. The latest example is Montreal-based Nuvei Corp., which on Tuesday said it has acquired Paymentez LLC, a 10-year-old payments provider that enables more than 80 payment methods in Mexico as well as 10 …
• 3 September

  Cantaloupe Reports Record Quarterly Revenues As Acquisitions And New Signings Kick in

  

  Vending-payment specialist Cantaloupe Inc. on Friday reported record revenue of $49 million for the June quarter, a 50.2% increase over the same period a year earlier, and a 14.6% increase from the same period in 2021.  Equipment revenue totaled $10.8 million during the quarter, a more than 100% increase from …
• 2 September

  The United Kingdom’s Zilch Becomes the Latest Entrant in the Hotly Contested U.S. BNPL Market

  

  Zilch Technology Ltd. is preparing to become the latest entrant in the U.S. buy now, pay later market. The move hinges on the London-based company’s acquisition of San Francisco-based debt-funding platform Neptune Financial & Management Services LLC (NepFin), a deal Zilch announced on Thursday. The terms were not disclosed. The …
• 2 September

  Subscription Fees Are up 15% and other Digital Transactions News briefs from 9/2/21

  

  U.S. consumers are spending $273 per month on subscription services on average, up 15% from the average in 2018, yet they estimate they are spending less, according to a poll from consulting firm West Monroe.Payments provider Nuvei Corp. completed its $250-million cash acquisition of SimplexCC Ltd., a cryptocurrency gateway that links exchanges, brokers, wallets, …
• 1 September

  Mercari Picks Zip’s BNPL Option and other Digital Transactions News briefs from 9/1/21

  

  Mercari, an online marketplace for second-hand goods, said consumers can use buy now, pay later services from Zip Co., formerly Quadpay, on its Web site.Buy now, pay later specialist Uplift Inc. said consumers who book with Sixthman, a music-festival organizer on cruise ships, can pay for their tickets in monthly installments. Sixthman is …

August, 2021

• 26 August

  LaCore To Offer Sezzle to Merchants and other Digital Transactions News briefs from 8/26/21

  

  Merchant services provider LaCore Payment Technologies said it is now offering Sezzle Inc.’s buy now, pay later service to its merchants. Sezzle is integrated into LaCore’s gateway.Google Pay’s expected revamp may be delayed because of staffing issues, reported tech site ArsTechnica.com. Several Google Pay employees have left amid uncertainty about the transition to the …