Mergers & Acquisitions

September, 2019

• 30 September

  As Real-Time Payments Rivalry Heats up, Vendors Eye Market Niches And Mid-Tier Institutions

  

  With The Clearing House Payments Co. operating a real-time payments network and the Federal Reserve planning one for no later than 2024, payments companies are looking at slices of the market for opportunities in instant money movement. And these niche plays aren’t just the province of the country’s biggest banks. …
• 27 September

  TSYS-Global Merger ‘Best of the Bunch’ and other Digital Transactions News briefs from 9/27/19

  

  The recently completed acquisition of Total System Services Inc. (TSYS) by Global Payments Inc. is “the best of the bunch” among the three megamergers in the payment-processing industry this year, investment research firm Morningstar Inc. says in a new report. The Global-TSYS deal “has the most capacity to reduce costs …
• 26 September

  How Fiserv’s First Data Deal Cemented Its Long-Term Payments Strategy

  

  Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a …
• 25 September

  PayPal Fined in iZettle Deal and other Digital Transactions News briefs from 9/25/19

  

  The United Kingdom’s Competition and Markets Authority fined PayPal Holdings Inc. £250,000 ($309,700) in connection with PayPal’s $2.2 billion acquisition of Sweden-based processor iZettle AB last year; the regulator said PayPal violated an order not to integrate its U.K. business with iZettle during an investigation by cross-selling services to U.K. consumers. PayPal said it …
• 19 September

  Reliable, Recurring Revenue Fuels Investor Interest in Payments

  

  With the closing of three megamergers this year, one might think investment opportunities in payments and acquiring could shrink. But that would be an error. That was the assessment of investment professionals speaking Thursday at the Western States Acquirers Association annual conference in Rancho Mirage, Calif.  “It’s a massive industry. …
• 18 September

  Global Payments Completes TSYS Merger and other Digital Transactions News briefs from 9/18/19

  

  Global Payments Inc. completed its $21.5 billion all-stock merger with payment processor Total System Services Inc. (TSYS). The deal cleared its last major hurdle when European Union antitrust regulators said they had no competition concerns, Reuters reported Tuesday. The merged company serves 3.5 million merchant locations and 1,300 financial institutions in more than 100 …
• 17 September

  Turnkey Risk Rebrands as Humaitrix and other Digital Transactions News briefs from 9/17/19

  

  Turnkey Risk Solutions, a risk-management firm specializing in first-party fraud, rebranded as Humaitrix LLC. Payments veterans John J. Leehy III joined the company as chief executive and Gregory W. Sahrmann joined as the chief operating officer. Amy Walraven, a former JPMorgan Chase & Co. risk executive, is founder, president, and chief …
• 12 September

  Mastercard Still Sees Growth Opportunities in the U.S. Payment Market

  

  Many payment executives regard the United States as a mature market compared with high-growth countries in Asia and Latin America, but it still has plenty of untapped opportunities, according to Mastercard Inc. executives. Its home country remains Mastercard’s largest market. As of 2018, the U.S. accounted for 33% of Mastercard’s …
• 12 September

  With Momentum From Transit, Contactless Accounts for a Rising Share of Card Payments

  

  With card-based transit payments picking up steam in the United States, a key Mastercard Inc. executive said Thursday that 22% of the network’s physical-world transactions globally were contactless as of the end of 2018. The time to complete a contactless transaction is down to 0.4 seconds, added Ajay Bhalla, president …
• 12 September

  How On-Demand Services Are Propelling Online Transaction Growth

  

  Consumers shopping online are more than likely buying digital goods and services, suggest the results of “The Global Rise of Digital Goods and Services” report from the First Data unit of Fiserv Inc. Released Wednesday, the survey by Forrester Research Inc. of more than 6,000 online adults around the world …