Mergers & Acquisitions

June, 2019

• 11 June

  Sterling Card Acquired and other Digital Transactions News briefs from 6/11/19

  

  Private-equity firm Acuity Capital Partners LLC acquired specialty gift card manufacturer Sterling Card Solutions, according to Sterling’s financial advisor, the investment bank Capstone Headwaters. Terms of the deal were not disclosed. Besides gift cards, Sterling makes hotel key cards, identification cards, phone cards, and other products. Half the world’s population, …
• 6 June

  Square Aims to Declutter the Restaurant Point of Sale—And Stay Ahead of Merging Competitors

  

  Merchant processor Square Inc. is making it easier for its restaurant clients to use third-party delivery services, while at the same time fortifying itself against bigger merchant acquirers slated to merge into even bigger ones. San Francisco-based Square, which has its own restaurant delivery, pick-up, and catering service called Caviar, …
• 3 June

  i3 Verticals Acquires Pace Payment and other Digital Transactions News briefs from 6/3/19

  

  i3 Verticals Inc. completed its $52.7 million acquisition of Pace Payment Systems Inc. Pace specializes in selling payments services in the public and education sectors. Avis Car Rental, a unit of Avis Budget Group Inc., launched a split-payment feature in its mobile app. Called Split My Bill, the feature enables …

May, 2019

• 31 May

  Payments Companies Are Getting Pricier, Researcher Says

  

  Note to payments-company owners: now just might be the right time to sell. Buyers in 2019 have paid more for firms in the payment-tech space since at least 2010, according to a new analysis by 451 Research of more than 1,100 deals over nearly a decade. The median price to …
• 31 May

  Cardtronics Waives ATM Fees for Some Tourists to U.S. and other Digital Transactions New briefs from 5/31/19

  

  Cardtronics plc said its Allpoint ATM network and Visa Inc. reached an agreement to waive ATM fees for travelers visiting the United States from Southeast Asia who have a Visa travel prepaid card or debit card from certain financial institutions. Allpoint counts more than 40,000 U.S. ATMs. Lightspeed POS Inc., …
• 29 May

  How the Global-TSYS Deal Stitches Together Major Acquiring And Issuing Assets

  

  Payments observers are tempted to think of the $21.5 billion proposed merger of Global Payments Inc. and Total System Services Inc. (TSYS), announced Tuesday, as the latest megadeal in a series initiated in January when Fiserv Inc. said it would acquire First Data Corp. That announcement was followed by the …
• 29 May

  FitBit Pay Can Tap for Transit Payments and other Digital Transactions News briefs from 5/29/19

  

  Fitbit Inc. said its smart watches and trackers with Fitbit Pay can be used to pay for transportation on seven major transit systems globally, as well as on the contactless OMNY system set for launch May 31 by the Metropolitan Transportation Authority in New York City. Multiple law firms are …
• 28 May

  The Global-TSYS Merger Responds to M&A Mania But Also Integrated Payments Trends

  

  Facing major consolidation among rival processors. Global Payments Inc. and Total System Services Inc. (TSYS) made it official Tuesday they are merging in an all-stock deal that values TSYS at $21.5 billion and will leave Global with 52% of the combined entity. The acquisition is expected to close in the …
• 28 May

  COMMENTARY: Why Visa And Mastercard Have Been on a Buying Spree

  

  Amazon, Apple, and Microsoft each briefly enjoyed a market capitalization greater than $1 trillion. The two dominant global payment networks, Mastercard and Visa, aspire to join this august, and for the moment, memberless club. In the near term, the networks could grow on autopilot. However, inevitably diminishing retail-payments growth in …
• 28 May

  Nuvei Buying SafeCharge and other Digital Transactions News briefs from 5/28/19

  

  Payments provider Nuvei announced it will buy SafeCharge International Group Ltd. for approximately $889 million. SafeCharge’s payment platform provides services ranging from card acquiring and issuing to processing and checkout. This confirms reports of a pending deal. Processor Payment Data Systems Inc. said Dealer Pay LLC, provider of a payments …