Mergers & Acquisitions

January, 2021

• 27 January

  3dcart Rebranded as Shift4Shop and other Digital Transactions News briefs from 1/27/21

  

  Payments provider Shift4 Payments Inc. rebranded its e-commerce platform as Shift4Shop. The platform is based on 3dcart, a company Shift4 acquired in November.Seventy-two percent of consumers used a credit or debit card to complete a cross-border transaction, according to the Global Voices 2021: Cross-Border Shopper Insights survey from eShopWorld, a cross-border e-commerce company.Visa Inc. has …
• 26 January

  AmEx’s Top Exec Looks to Vaccines To Help Spur a Comeback for T&E Spending

  

  In a wide-ranging session, American Express Co.’s top brass Tuesday expressed optimism that increasing availability of coronavirus vaccines will soon induce consumers to travel and that the new Biden Administration’s policies are unlikely to have much impact on the New York City-based company’s core business. On an early morning conference …
• 26 January

  Diebold Launches Self-Service POS Stations and other Digital Transactions News briefs from 1/26/21

  

  Diebold Nixdorf Inc. released the DN Series Easy suite of self-service point-of-sale stations. The products employ a modular design, enabling merchants to customize the products to their needs.InComm Payments has partnered with hospitality company Delaware North to implement the InComm cashless payment solution at select sports venues where Delaware North operates food …
• 25 January

  It’s Official: NCR Succeeds In Its Bid to Acquire Cardtronics in a $2.5-Billion Deal

  

  NCR Corp. entered into a definitive agreement Monday to acquire ATM network operator Cardtronics plc for $39 a share in an all-cash transaction valued at $2.5 billion, including debt. The deal, which NCR plans to finance with cash on hand and financing from Bank of America N.A., is projected to …
• 25 January

  Debit Card Growth Outpaces Credit Cards and other Digital Transactions News briefs from 1/25/21

  

  Growing numbers of consumers continue to grab their debit cards when shopping, with the overall U.S. spend made with debit cards up 25% for the week ending Jan. 17, compared to the week of Jan. 19, 2020, according to the PSCU Tracking Transaction Trends report issued Monday. Credit card spend was up …
• 18 January

  PDI Expands Its Relationship With EG Group to All of EG’s U.S. Convenience Stores

  

  Professional Datasolutions Inc., which provides software, including payments services, to convenience stores and gasoline wholesalers, announced Monday it has reached an agreement with c-store and gas-station operator EG Group to expand the use of its payment technology to about 1,700 EG Group sites across the United States. The agreement builds …
• 18 January

  Transit App Gets Onboard and other Digital Transactions News briefs from 1/18/21

  

  The Berks Area Regional Transportation Authority in Reading, Pa., will launch its Go Mobile payment app Jan. 26, allowing riders to use a mobile device to pay for bus fares and passes. The app was developed by Modeshift Inc., a specialist in technology for transit agencies.Bestpass, a processor of toll payments for …
• 15 January

  Pineapple Payments Furthers Its Expansion With Its Deal for 1st Payment Systems

  

  Payments provider Pineapple Payments announced Friday it has acquired 1st Payment Systems, a provider of private-label payment processing and omni-channel payment technology for integrated software vendors (ISV) in the powersports and health-care industries. Terms were not disclosed.  The acquisition strengthens 1st Payment’s ability to service its customers by leveraging Pineapple’s Transax …
• 13 January

  Visa Ends Plaid Deal and other Digital Transactions News briefs from 1/13/21

  

  Visa Inc. has dropped its year-old, $5.3-billion bid for the data network Plaid Inc. in the wake of an antitrust lawsuit filed by the U.S. Department of Justice. The DoJ feared Visa could use Plaid’s links to financial institutions to stifle competition in the debit market, a contention Visa denied.The big drugstore chain Walgreen …
• 11 January

  How Its Deal for Kount Lets Equifax Reinforce Its Capabilities Against Online Fraud

  

  With consumers and businesses flocking to online commerce, companies of all sizes are reinforcing their technology for accepting transactions and rating them for risk. The latest example is the giant credit-reporting company Equifax Inc., which on Friday said it is paying $640 million to buy Kount Inc., a 14-year-old Boise, …