Mergers & Acquisitions

January, 2020

• 15 January

  Visa Invests in Very Good Security and other Digital Transactions News briefs from 1/15/20

  

  Data-security provider Very Good Security (VGS) announced an investment by Visa Inc. The amount of the investment was not disclosed.In related news, Visa announced it has met its goal to use 100% renewable electricity by 2020 across its worldwide operations. Visa set the goal in 2018.Google said it acquired Pointy, a company that helps local retailers …
• 14 January

  How Visa’s Post-Card Payments Ambitions Led It to a $5.3 Billion Deal for Plaid

  

  Visa Inc. and Mastercard Inc. have made it plain in recent years they’re interested in something much bigger than card payments. On Monday afternoon, Visa underscored its own determination to be the network for the world’s payments economy by announcing it will lay out fully $5.3 billion to buy Plaid …
• 14 January

  Fiserv Aims for a Marketing Home Run by Putting Clover’s Name on a Stadium

  

  Fiserv Inc. is breaking new ground, at least in the payments industry, by putting not its company name but the brand of one of its leading products on a stadium. The processor announced Monday that First Data Field, a 7,000-seat stadium in Port St. Lucie, Fla., where the New York …
• 6 January

  MoneyGram Notes Growth and other Digital Transactions News briefs from 1/6/20

  

  MoneyGram International Inc. announced online transactions grew more than 70% year-over-year between Dec. 1 and Dec. 25, a record growth rate for that period. The money-transfer provider, which did not report the actual transaction volume, said 80% of the transactions were initiated on a mobile device.PayPal Holdings Inc. has closed on its …
• 3 January

  Payment Stocks Sputtered Toward 2019’s End, but They Still Outperformed the Market for the Year

  

  Payment-company stocks lost ground as a group in December and didn’t match the major market indexes in the fourth quarter, but they still bested the indexes for all of 2019, according to a new report. Twenty-six electronic-transaction processor stocks monitored by Chicago-based Barrington Research Associates Inc. posted a negative mean …
• 3 January

  eBay Unfazed by Payment Critics and other Digital Transactions New briefs from 1/3/20

  

  An eBay Inc. executive said the online marketplace will not back down on the introduction of its Managed Payments program in the face of criticism from some sellers regarding the program’s costs and policies. The company introduced the new payments program, which relies on gateway services from Adyen N.V., last year after years …
• 2 January

  Lawsuits Filed Over Wawa Data Breach and other Digital Transactions News briefs from 1/2/20

  

  At least six lawsuits seeking class-action status have been filed in U.S. District Court in Philadelphia against Wawa Inc., an 850-location convenience-store chain, in the wake of Wawa’s previously announced data breach. Most recently, the Goldman Scarlato & Penny P.C. law firm said its attorneys are investigating consumer claims concerning the breach. Data stolen …

December, 2019

• 30 December

  Everi Makes $25 Million Acquisition and other Digital Transactions News briefs from 12/30/19

  

  Everi Holdings Inc., a provider of payment processing, slot machines, and various services to the gaming industry, said its Everi Payments subsidiary bought $25 million in “strategic assets” from Micro Gaming Technologies Inc., a privately held provider of loyalty and marketing products and promotional tools and apps for casinos. Under …
• 23 December

  Fleetcor Contests FTC Lawsuit and other Digital Transactions News briefs from 12/23/19

  

  Fleetcor Technologies Inc., a payments processor for fleet-fueling cards and other products, issued a statement contesting a Federal Trade Commission lawsuit filed against the company Dec. 20 and asserting it will “vigorously” defend itself against the agency’s complaint in court. The FTC alleges Fleetcor charged customers “at least hundreds of millions of …
• 19 December

  PayPal Scores an Historic First With the Completion of Its Deal for China’s Gopay

  

  PayPal Holdings Inc. officially opened the door to a vast market for payments on Thursday with the closing of its deal for 70% of the equity in China’s Guofubao Information Technology Co. Ltd., better known as Gopay. The Peoples Bank of China had already okayed the deal, for which terms were …