Mergers & Acquisitions

September, 2019

• 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 …
• 12 September

  An ISO’s Dry Cleaning Stake and other Digital Transactions News briefs from 9/12/19

  

  United Merchant Services Inc. said it acquired the rights to Royal Western Computer’s assets, including its point-of-sale software for dry cleaning merchants, branding, trademarks, licensee database, and sales channels. Royal Western Computer holds more than 25% of the dry cleaning POS market, UMS said. The company intends to expand by combining …
• 10 September

  Chase And Its WePay Unit Aim Faster Funding at Cash-Flow Conscious Sellers

  

  Speedier funding of merchant accounts has become a key part of the faster-payments trend as sellers seek ways to gain a competitive edge, and on Tuesday JPMorgan Chase & Co. entered the fray with a same-day deposit service for merchants that bank with Chase. The new service, which is being …
• 10 September

  Stripe Debuts A Credit Card and other Digital Transactions News briefs from 9/10/19

  

  Processor Stripe Inc. launched the Stripe Corporate Card, a Visa credit card that can be branded with the merchant’s logo. New merchants can get a card when they sign up for a Stripe account. In addition to 2% and 1% cash-back rewards, the card also offers $50,000 in free payment processing …
• 6 September

  COMMENTARY: Why Software is Eating Payments (Part 1)

  

  In 2011, Marc Andreessen wrote his now-famous article, Software is Eating the World, which predicted that software companies would “take over large swaths of the economy.” Due to the wide adoption of broadband, mobile, and cloud-computing technology, Andreessen pointed out that the ingredients were in place for a huge boom …