Sunday , May 4, 2025

Mergers & Acquisitions

January, 2020

  • 22 January

    Another Libra Departure and other Digital Transactions News briefs from 1/22/20

    British telecommunications giant Vodafone Group Plc has become the latest Libra participant to withdraw from the controversial digital-currency project initiated by Facebook Inc., Reuters reported. Other early participants that have withdrawn include Visa, Mastercard, PayPal, Stripe, and eBay.With an eye on expanding its Bitcoin services, merchant processor Square Inc. said it is developing what it calls …

  • 17 January

    2019 Holiday Sales Increased 4.1% and other Digital Transactions News briefs from 1/17/20

    The National Retail Federation reported 2019’s holiday retail sales grew 4.1% over the same period in 2018 to $730.2 billion. Online and other non-store sales rose 14.6% to $167.8 billion and are included in the totalE-commerce services and payments provider Shopify Inc. is offering new businesses what it calls “starter loans” of $200 through …

  • 15 January

    U.S. Bancorp’s Merchant Volume Rises 10% While BofA Sees Big Zelle Growth

    U.S. Bancorp, owner of the big merchant acquirer Elavon Inc., reported Wednesday that its fourth-quarter 2019 merchant volume rose 10.5% year-over-year on a nearly 14% increase in transactions. And U.S. Bancorp rival Bank of America Corp. said its volume for the Zelle person-to-person payments service jumped 76%. Minneapolis-based U.S. Bancorp …

  • 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 …

Digital Transactions