Mergers & Acquisitions

January, 2020

• 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 …
• 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 …