Mergers & Acquisitions

December, 2019

• 17 December

  How Startup Processor Paynetworx Is Benefiting—For Now—From ‘Merger Hell’

  

  As 2019 draws to a close, the year’s super mergers in the payments-processing business may be creating super opportunities for startup service providers. That, at any rate, has been the experience so far of acquiring-industry veteran Trent Voigt and his new company, Paynetwork LLC, which does business as Paynetworx. The …
• 9 December

  Super Processor Picks TAS USA and other Digital Transactions News briefs from 12/9/19

  

  Payments provider Super Processor selected a payments platform from TAS USA Inc. to manage merchant onboarding, merchant accounts, and transaction processing for both in-store and e-commerce transactions.Hudson Executive Capital LP, an investment firm that has been embroiled in a fight for control of vending-machine payments technology provider USA Technologies Inc., filed a proxy …
• 6 December

  Pineapple Payments Acquires a Paystri Merchant Portfolio and other Digital Transactions News briefs from 12/6/19

  

  Payments provider Pineapple Payments said it has acquired a merchant portfolio from Paystri, an integrated-payments technology provider, and entered into a partnership with the firm. The size of the acquisition was not disclosed.Global e-commerce sales volume on Cyber Monday grew 21.5% in terms of value over Cyber Monday in 2018, outpacing sales …
• 5 December

  Visa Debuts Dispute-Certification Program and other Digital Transactions News briefs from 12/5/19

  

  Visa Inc. announced plans to launch a new certification program and fund up to 500 scholarships to train individuals as dispute-resolution professionals, a role Visa says is in high demand across the payments industry. The program will include multiple days of training and several professional-level certification exams.Field-service management and communications provider …
• 3 December

  As Processor Valuations Soar, Shift4 Files for an IPO

  

  Shift4 Payments Inc., one of the nation’s biggest independent sales organizations, announced on Tuesday that it has filed a draft registration statement with the U.S. Securities and Exchange Commission for what it calls a “proposed” public offering. A Shift4 spokesman did not immediately return a call from Digital Transactions News …
• 3 December

  Weave Payments Debuts and other Digital Transactions News briefs from 12/3/19

  

  Weave, a provider of management applications and services for small businesses, announced the launch of Weave Payments, a payment-processing platform that includes acceptance of text-to-pay and mobile wallets.Corporate America Credit Union, a financial cooperative for almost 500 credit unions, has agreed to be a funding agent for the Real-Time Payments network …

November, 2019

• 26 November

  Klarna Notes Growth and other Digital Transactions News briefs from 11/26/19

  

  Installment-payments provider Klarna said it added 60,000 merchants to its network in 2019. More than 190,000 merchants offer Klarna as a payment option now. The number of monthly U.S. active users of the Klarna app, which enables them to shop with any store or brand online, increased almost 160% from July through September.Core-banking …
• 21 November

  Stepping Further into E-Commerce, PayPal Pays $4 Billion for Honey Shopping Assistant

  

  PayPal Holdings Inc. is betting big on its strategy of boosting its e-commerce presence with its approximately $4 billion acquisition of Honey Science Corp., a technology platform that helps consumers find offers and deals on popular e-commerce sites. Announced Wednesday afternoon, the deal envisions Honey tapping into the more than …
• 19 November

  Eye on Fintech: Payments Firms Attract Venture Funding; PSCU’s $100 Million Investment

  

  Venture capital continues to flow to payments companies, which ranked among the top recipients of financial-technology sector funding in the third quarter, according to a new report. And credit-union services organization PSCU announced it will invest $100 million in its payments platform over the next three years. Sweden-based Klarna, a …
• 18 November

  As the E-Commerce Gateway Business Heats up, Elavon Strikes a Deal for Sage Pay

  

  U.S. payments companies looking to acquire properties in key markets like e-commerce and merchant acquiring have found a willing seller in Sage Group PLC. Early Monday, the company announced it agreed to sell its payments gateway, Sage Pay Europe Ltd., to Atlanta-based Elavon for $300 million. The deal will bring …