Digital Transactions Authoritative, insightful and timely information for payments professionals
Mega-merger fever hasn’t subsided in the payments industry. A combination of FIS Inc. and Global Payments Inc., which have reportedly broken off talks to merge in a deal that could be valued at $70 billion, would represent a continued push for yet more economies of scale in a business whose …
December, 2020
-
16 December
As Digital Payments Heat Up, Fiserv Agrees to Acquire Card-Control Technology Provider Ondot
Fiserv Inc. announced Wednesday an agreement to acquire, for an undisclosed sum, Ondot Systems Inc., whose technology includes so-called card controls, or tools that allow cardholders to switch usage on or off according to considerations of security or preferred usage. The deal is expected to close in the first quarter …
-
16 December
Why Its Deal for Poynt Means More Than Payment Terminals for Web Giant GoDaddy
GoDaddy Inc.’s agreement to buy Poynt Co., announced late Tuesday, will broaden GoDaddy’s focus into payment services for online merchants and could make the Web-services company a key player in merchant acquiring, observers and company executives say. The deal, in which GoDaddy has agreed to pay $320 million in cash …
-
16 December
Openpay Joins U.S. BNPL Market and other Digital Transactions News briefs from 12/16/20
Openpay Group Ltd., an Australian buy now, pay later processor, began operations in the U.S market. Simultaneously, the company announced former Deloitte executive Brian Shniderman has been appointed chief executive of the U.S. operation.Fidel Ltd., a provider of financial application programming interfaces, said its API is enabling cash-back offers for …
-
15 December
ATM Operator Cardtronics Will Go Private in a $2.3 Billion Deal With Hudson And Apollo
Less than a week after receiving a buyout offer, Houston-based ATM network operator Cardtronics Inc. has entered into a definitive agreement to be acquired by Hudson Executive Capital and Apollo Global Management for $35 per share. The purchase price is $4 per share more than the initial offer and represents a …
-
15 December
Paysafecash Makes U.S. Debut and other Digital Transactions News briefs from 12/15/20
Payments provider Paysafe Group Holdings Ltd. announced the U.S. launch of Paysafecash, a digital service that allow consumers to pay online in cash. The service is provided by InComm Payments’ Vanilla Direct payment network.Some 30% of consumers have signed up for peer-to-peer payment platforms in the past six months, according to a survey …
-
14 December
Fast Woos WooCommerce and other Digital Transactions New briefs from 12/14/20
Online checkout provider Fast AF Inc. said its service is now available to 4 million e-commerce stores on the WooCommerce platform. Earlier this year, Fast received $20 million from investors, including Stripe.Spending on entertainment decreased for the week ending Dec. 6, compared to the week ending Dec. 8, 2019, with a 23.9% drop in debit …
-
11 December
Contactless Payments Could Reach $4.6 Trillion in 7 Years and other Digital Transactions News briefs from 12/11/20
The global contactless payment market is forecasted to reach $4.6 trillion by 2027, up 338% from $1.05 trillion in 2019, said Precedence Research. The market is predicted to have a compound annual growth rate of 20.01% from 2020 to 2027.Concord Acquisition Corp., which has been formed to acquire or otherwise combine with payments and …
-
10 December
Fiserv Adds Its 500th Financial Institution to Zelle and other Digital Transactions News briefs from 12/10/20
Fiserv Inc. said CB&S Bank is the 500th financial institution added to the Zelle network via the processor. Zelle is the person-to-person payments service from Early Warning Services LLC.DaVinci Payments and North Lane Technologies (formerly Wirecard North America) jointly announced the completion of a previously announced merger. The combined business will operate …
-
9 December
Hudson Executive Capital And Apollo Global Management Bid to Take Cardtronics Private
Cardtronics plc, a leading non-bank ATM deployer, has been tendered an offer by Hudson Executive Capital and Apollo Global Management for its outstanding shares of stock at $31 per share in cash. Cardtronics, which operates more than 270,000 ATMs, has a less than 10% share of the global ATM business …
