Mergers & Acquisitions

October, 2021

• 20 October

  Stripe Strikes Again In Executing Its Strategy to Expand Beyond Online Payments Acceptance

  

  Building on its strategy of expanding beyond payments acceptance, Stripe Inc. on Wednesday announced the acquisition of Recko Inc., a provider of payments-reconciliation software for Internet businesses. Terms were not disclosed. The deal follows the debut of new applications this year intended to carry out this strategy, such as Stripe …
• 19 October

  Paysafe Relaunches its Partner Program and other Digital Transactions News briefs from 10/19/21

  

  Paysafe Ltd. said it relaunched its U.S. partner program for independent sales organizations, independent software vendors, and financial institutions.Anaheim Arena Management, manager of the Honda Center in Anaheim, Calif., has selected SpotOn Transact Inc.’s Appetize unit to manage all concessions through cloud technology. The move comes in advance of the new National Hockey …
• 18 October

  Fiserv Acquires BentoBox and other Digital Transactions News briefs from 10/18/21

  

  Fiserv Inc. announced the acquisition of BentoBox, a specialist in online restaurant platforms and technology. BentoBox serves more than 14,000 restaurant locations. Terms were not disclosed.Mindbody, a payments and technology platform for the fitness industry, announced it has closed on its acquisition of ClassPass, a monthly subscription service also focused on …
• 15 October

  Bakkt Acquisition a Step Closer and other Digital Transactions News briefs from 10/15/21

  

  VPC Impact Acquisition Holdings, a special-purpose acquisition company, announced its shareholders approved VPC’s acquisition of Bakkt, thus taking the digital-asset marketplace public.Payments-technology provider Worldnet Payments said it is the first integrated payments platform to complete a Level III EMV and contactless certification of Ingenico’s Self Series of devices. Ingenico is a unit of Worldline S.A.Payments …
• 14 October

  The U.K.’s SumUp Busts Into the U.S. Acquiring Market With Its Deal for Fivestars

  

  In a deal that could have important implications for payments providers like Square Inc. and Stripe Inc., the United Kingdom’s SumUp Inc. early Thursday announced it has acquired Fivestars Loyalty Inc., a San Francisco-based payment facilitator for some 12,000 small businesses. The acquisition, SumUp’s first in the U.S. market, calls …
• 13 October

  Ransomware Attacks up 62% and other Digital Transactions News briefs from 10/13/21

  

  Insurer Alliance Global Corporate & Specialty issued a report detailing how companies can protect their systems from an epidemic of ransomware attacks. Such attacks increased 62% in the first half 2021, year-over-year, following a 20% rise for all of 2020, according to FBI statistics cited by Alliance.Online gifting platform SmartGift said it is …
• 8 October

  9% of Businesses Have Paid a Ransom and other Digital Transactions News briefs from 10/8/21

  

  A September survey of 850 information-technology professionals around the world by security-software provider Hornetsecurity Group found more than 9% saying their organization had paid a ransom to recover data after a ransomware attack. Some 15.2% said their organizations don’t perform regular data backups.Parkmobile LLC, whose mobile app enables reservations and payment for …
• 4 October

  Google Drops Bank Account Ambitions and other Digital Transactions News briefs from 10/4/21

  

  Google, a unit of Alphabet Inc., dropped its plans to offer banking services to consumers, The Wall Street Journal reported late Friday. Google announced in November it intended to debut Plex, a mobile-first bank account integrated into Google Pay.Payments provider Park Place Payments said it will pay $500 to clients that drop the service within the …

September, 2021

• 29 September

  Online Powerhouse GoDaddy Takes the Next Step with Card-Present Transactions

  

  GoDaddy Inc., which launched GoDaddy Payments in June to unify its transaction services following its December deal to buy point-of-sale terminal maker Poynt Inc., released a countertop payment terminal and mobile card reader with lower fees than most competitors. Merchants will pay 2.3% per card-present transaction and 2.3% plus 10 …
• 22 September

  Chevron Picks P97 for App Updates and other Digital Transactions News briefs from 9/22/21

  

  Chevron Products Co. said it is working with mobile-payments technology provider P97 Networks Inc. to enhance the company’s mobile apps for both Chevron and Texaco customers.Mercator Advisory Group’s “18th Annual U.S. Closed-Loop Prepaid Cards Market Forecast 2020-2025” found that closed-loop prepaid card loads dropped 14% because of the pandemic, but are expected …