Mergers & Acquisitions

August, 2019

• 9 August

  Integrated Payment Volume Continues to Grow at i3 Verticals

  

  Pursuing integrated payments and software developers that facilitate the payment type appears to be paying off for i3 Verticals Inc. The Nashville, Tenn.-based firm said integrated payments accounted for 51% and 49% of its payment volume in the third quarter and nine-month period, respectively. That’s up from 49% in the …
• 8 August

  3dcart Adds ClearSale Option and other Digital Transactions News briefs from 8/8/19

  

  ClearSale, an online fraud-prevention provider, said online shopping cart 3dcart will offer ClearSale services to its merchants.Payrailz, a payments provider to banks and credit unions, announced it has launched a credit-union service organization (CUSO) called CU Payz.Payments-technology firm Verrency said it has collaborated with Coinify, a digital-currency payments provider, to allow banks …
• 6 August

  Mastercard Paying $3.2 Billion To Nets To Enhance Its Real-Time Payment Services

  

  As the Federal Reserve embarks upon its journey to becoming a real-time payments provider with its planned FedNow service, Mastercard Inc. on Tuesday announced the biggest acquisition in its history, one the network says will strengthen its real-time, bill-payment, and related services. Mastercard said it has a deal to buy …
• 6 August

  Apple Card in Limited Release and other Digital Transactions News briefs from 8/6/19

  

  Apple Inc. made its upcoming Apple Card available to the public on a limited basis. The full rollout of the card—which was unveiled in March, is issued by Goldman Sachs Group Inc., and runs on the Mastercard network—is expected later in the month.Automated clearing house network administrator Nacha said it is “committed to working cooperatively …
• 2 August

  Square Selling Caviar to DoorDash and other Digital Transactions News briefs from 8/2/19

  

  Square Inc. agreed to sell its Caviar food-delivery service to DoorDash for $410 million in cash and DoorDash preferred stock. Square acquired Caviar in 2014 for a reported $90 million.Montreal-based payment firm Nuvei Technologies completed its acquisition of U.S.-based SafeCharge International Group Ltd. for $889 million; the deal brings to Nuvei technology assets and merchant …
• 1 August

  Warning About Online Skimming and other Digital Transactions News briefs from 8/1/19

  

  The PCI Security Standards Council and Retail & Hospitality ISAC issued a joint bulletin about a growing threat to e-commerce Web sites that the cybersecurity organizations say requires “urgent awareness and attention.” The threat, sometimes dubbed Magecart, involves sites infected with difficult-to-detect malware that skims payment card information during a transaction without …

July, 2019

• 31 July

  FIS-Worldpay Deal Closes and other Digital Transactions News briefs from 7/31/19

  

  Fidelity National Information Services Inc. (FIS) said it has closed on its $43-billion cash-and-stock acquisition of processor Worldpay Inc. The deal was announced in March. Wednesday’s announcement follows approval of the merger by Worldpay shareholders last week and by the Federal Trade Commission in April.Apple Inc. CEO Tim Cook reported the Apple Pay mobile-payments service is now completing nearly …
• 30 July

  Eye on Acquiring: An End to the BAMS Joint Venture; Global Payments Updates TSYS Merger

  

  The end of Bank of America Merchant Services, a merchant-acquiring joint venture between Bank of America Corp. and First Data Corp., is at hand.  Charlotte, N.C.-based BofA said Monday it will pursue an independent merchant-acquiring strategy beginning in June 2020, though First Data, which that same day became part of …
• 29 July

  Fiserv-First Data Deal Closes and other Digital Transactions News briefs from 7/29/19

  

  Fiserv Inc. formally announced the closing of its $22-billion, all-stock acquisition of processing giant First Data Corp.MagTek Inc. said its DynaPro Go PIN pad now offers Bluetooth LE connectivity. The company also launched its iDynamo 6 mobile card reader that works with iOS, Android, and Windows operating systems.Utah’s Deer Valley Resort said it detected malware on May …
• 26 July

  Worldpay Shareholders OK FIS Merger and other Digital Transactions News briefs from 7/26/19

  

  Shareholders of payment processor Worldpay Inc. this week voted overwhelmingly in favor of the company’s planned merger with Fidelity National Information Services Inc., which is expected to close in the third quarter.The Bancorp Inc., owner of The Bancorp Bank, a major prepaid card issuer, reported gross dollar volume on the bank’s prepaid cards …