Mergers & Acquisitions

April, 2021

• 26 April

  Paya’s Deal for Paragon Payments Bolsters Its Offering for Health Care And Non-Profits

  

  Back in March, Paya Holdings Inc. chief executive Jeff Hack indicated his company is eager to build out vertical markets for its processing services, and on Monday it announced a deal that will do just that for Paya’s ambitions in the health-care and non-profit markets. Atlanta-based Paya said it has …
• 23 April

  As AmEx Recovers From Covid’s Impact, Its Vital T&E Market Stages a Comeback in ‘Layers’

  

  American Express Co. early Friday indicated growth rates for total network volumes, while still negative, have rebounded to first-quarter 2020 levels as economies re-open, anti-Covid vaccinations progress in major markets, and consumer travel recovers. “Our overall core business performance was slightly better than our expectations,” said AmEx chief executive Stephen …
• 22 April

  With Its $960 Million Deal for First American, Deluxe Catapults Itself Into Merchant Acquiring

  

  Deluxe Corp. is best known as the largest supplier of checks in the United States, but early Thursday it showed how serious it is about staking a major claim in digital payments. The Shoreview, Minn.-based company announced it has agreed to pay $960 million in cash for First American Payment …
• 21 April

  Online Returns Come to BNPL As Affirm Makes a $300 Million Bid for Specialist Returnly

  

  The buy now, pay later trend has eased online purchases for consumers over the past year, but at the other end of those transactions is the flow of returns after buyers get their merchandise. Now Affirm Holdings Inc., a leading player in the fast-growing BNPL arena has attacked the issue with …
• 21 April

  Worldline Revenue Drops and other Digital Transactions News briefs from 4/21/21

  

  French processor Worldline S.A. reported its first-quarter merchant-services revenue dropped 8.7% year-over-year to 517 million euros ($621 million), while its terminals and software unit saw a 16.5% decline to 266 million euros ($320 million). Worldline acquired terminal maker Ingenico Group S.A. in October.FIS Inc. said it has won a domestic acquiring license for its Worldpay …
• 19 April

  Mastercard To Acquire Ekata and other Digital Transactions News briefs from 4/19/21

  

  Mastercard Inc. said it will acquire Ekata, a digital identity services company, for $850 million. Ekata helps identify good customers and businesses and bad actors in real time, it said. Ekata, formerly the business-to-business unit of Whitepages Pro, spun off in 2019 and adopted the new name. The deal is expected …
• 16 April

  Nuvei To Acquire Mazooma for $56 Million and other Digital Transactions News briefs from 4/16/21

  

  Payments provider Nuvei Corp. has agreed to acquire Mazooma Technical Services Inc., a payment-technology provider for sports betting, for $56 million plus additional consideration upon achievement of performance criteria.Payments fintech Mogo Inc. has closed on its acquisition of a nearly 20% interest in digital-asset trading platform Coinsquare Ltd.The Clipper app, introduced by Cubic Transportation Systems and …
• 15 April

  Coinbase Stock Soars on Opening Day and other Digital Transactions News briefs from 4/15/21

  

  On its first day of trading as a public company, cryptocurrency exchange Coinbase Global Inc. saw its stock finish at $328.28 per share after starting the day at $381 and rising as high as $429.54 on the Nasdaq. The day’s activity left Coinbase with a valuation of $85 billion on a diluted basis, making …
• 14 April

  Cardlytics Acquires Bridg and other Digital Transactions News briefs from 4/14/21

  

  Cardlytics Inc., a specialist in deriving marketing data from payments flows, has agreed to acquire customer-data platform Bridg Inc. for $350 million.Pay Theory, a specialist in payments technology for school districts, is integrating its services with Abre.io, a provider of administration platforms for elementary and high schools.Airvet, a provider of …
• 12 April

  3-D Secure Use up 73% and other Digital Transactions News briefs from 4/12/21

  

  Cybersecurity provider RSA said payment transaction volume using 3-D Secure increased 73% globally in 2020 over 2019 in its RSA Quarterly Fraud report for the 2021 first quarter.The payments provider FreedomPay said the Foot Locker Inc. chain has installed its payments system across Foot Locker’s more than 2,000 U.S. stores.Workflow-automation company DocuPhase announced it has acquired …