Mergers & Acquisitions

October, 2019

• 24 October

  ‘The Deadly Trifecta’ Is Among Threats Putting $88 Billion in Banks’ Payments Revenue at Risk

  

  While fintechs and other nonbank payments providers continue to carve out more market share for themselves, banks could face losing up to $88 billion in payments revenue to them. That’s the assessment from Accenture, the consulting firm that on Wednesday released its latest report, “5 Big Bets in Retail Payments …
• 23 October

  How PayPal Plans to Leverage Its Newly Won Foothold in Online Payments in China

  

  Top management at PayPal Holdings Inc. made it clear Wednesday the company will continue to hunt for acquisitions and intends to leverage its recently won clearance to acquire a 70% stake in China’s Guofubao Information Technology Co. Ltd., better known as GoPay. The Chinese venture, in which PayPal will become …
• 22 October

  Eye on Acquisitions: Mastercard Buying Loyalty Platform Provider; Visa Completes Rambus Deal

  

  The bank card networks lengthened their 2019 streak of merger-and-acquisition activity on Tuesday with Mastercard Inc. announcing it has a deal to acquire marketing software developer SessionM and Visa Inc. reporting it completed its acquisition of Rambus Inc.’s token services and ticketing businesses. Mastercard said the addition of SessionM will enhance …
• 21 October

  Mastercard’s Bill Pay Exchange Service Expands

  

  Mastercard Inc. says a number of new partners have signed on to use or test its Mastercard Bill Pay Exchange platform, including Consolidated Edison Co. of New York (ConEd), one of the nation’s largest utilities. Unveiled a year ago, Bill Pay Exchange enables consumers using their bank or credit union’s online …
• 21 October

  Discover’s Holiday Promo and other Digital Transactions News briefs from 10/21/19

  

  Discover Network announced a holiday promotion running through December that offers discounts and other promotions to cardholders who shop at Amazon.com and at some Amazon physical stores.Payments provider AvidXchange launched its AvidPay and AvidInvoice services for the long-term health-care and social-service industries. The services automate accounts-payable and payments processes.Data-security specialist KnowBe4 released its list of …
• 15 October

  Samsung POS Coming and other Digital Transactions News briefs from 10/15/19

  

  Days after launching services that allow users to make international remittances and use a virtual prepaid card for payments, Samsung Electronics Co. launched Samsung POS, an app that it says will let merchants accept near-field communication payments on their mobile devices. Developed with payments-technology firm Mobeewave, Samsung POS is aimed at micro-merchants and other small …
• 11 October

  Payments Deals Dominate 2019’s Fintech M&A

  

  Payments companies drove merger-and-acquisition activity in the financial-technology sector in 2019’s first nine months, according to a new analysis. Payments firms were involved in four of the top 10 deals tracked by New York City-based investment bank Berkery Noyes Securities LLC. The value of the payments mergers totaled $94.1 billion, …
• 8 October

  Eye on Mobile Payments: More About Samsung Pay Cash; Zelle Eyes Community Banks

  

  More details emerged Tuesday about Samsung Pay Cash, the virtual prepaid card Samsung Electronics America Inc. first announced late last week as the latest feature for its mobile wallet.  Global Payments Inc., the big Atlanta-based processor that recently acquired Total System Services Inc. (TSYS), said Monday it has now integrated …
• 7 October

  NCR Acquires POS System Provider and other Digital Transactions News briefs from 10/7/19

  

  NCR Corp. said it acquired Anderson, Ind.-based Midwest POS Solutions Inc., a point-of-sale systems provider serving 1,000 restaurants in Indiana and Kentucky. Midwest POS was one of the first dealers of the NCR Aloha POS system for restaurants. Terms of the deal were not disclosed.ATM security specialist TMD Security launched One Touch Access, …
• 4 October

  Samsung Pay Cash Debuts and other Digital Transactions News briefs from 10/4/19

  

  The Samsung Pay mobile wallet introduced a Mastercard-branded virtual prepaid card called Samsung Pay Cash, which is accepted at all locations that accept Mastercard and Samsung Pay transactions. The technology behind the card is provided by Netspend, a unit of Global Payments Inc. The move comes on the heels of Samsung …