Mergers & Acquisitions

May, 2019

• 24 May

  Another Major Deal Could Be on the Horizon As News Emerges of TSYS-Global Payments Talks

  

  A potential merger, joint venture, or partnership may be in the offing for Global Payments Inc. and Total System Services Inc. (TSYS). The two merchant-processing powerhouses have held preliminary discussions about a combination of some sort, according to a report late Thursday by Bloomberg.com. In addition to traditional merchant processing, …
• 24 May

  An Operation Choke Point Settlement and other Digital Transactions News briefs from 5/24/19

  

  The Electronic Transactions Association sent letters to Congress and the Canadian Parliament urging lawmakers to ratify the pending U.S.-Mexico-Canada trade agreement (USMCA) that would replace the North American Free Trade Agreement. Among other things, the USMCA reflects “the importance of data, technology, and innovation,” and would bar any country from …
• 21 May

  Nxgen Makes Another Acquisition and other Digital Transactions News briefs from 5/21/19

  

  Nxgen International Inc. acquired payments provider Payment Plus Inc. for an undisclosed amount. PPI will continue to grow its business in Kentucky and the Midwest, Nxgen said. Card-issuing platform Marqeta said it raised $260 million in Series E funding, placing the company’s value at almost $2 billion. Marqeta said the …
• 17 May

  Chase To Buy InstaMed and other Digital Transactions News briefs from 5/17/19

  

  JPMorgan Chase & Co. said it will buy InstaMed, a specialist in health-care payments. Terms were not disclosed. In April, InstaMed released an app with a blockchain prototype that it said will demonstrate how the technology can support adjudication and payment for insurance claims, patient billing, and patient payment. NLS …
• 15 May

  AmEx Acquires Resy Reservation Platform; Shift4 Unveils Pay-at-Table System

  

  Payments firms continue to strengthen their offerings in the dining sector as evidenced by Wednesday’s announcements from American Express Co., which said it had acquired reservation platform provider Resy Network Inc., and Shift4 Payments, which is launching a pay-at-table system called SkyTab and providing it to new merchants at no …
• 14 May

  Loyalty Programs at Cannabis Retailers and other Digital Transactions News briefs from 5/14/19

  

  POSaBIT, a point-of-sale services provider for cannabis retailers, said an analysis of “hundreds of thousands” of transactions at more than 120 California, Washington, and Colorado stores found that consumers belonging to a cannabis retailer’s loyalty rewards program had a 28% higher average ticket value and visited the store more frequently …
• 10 May

  The Acquiring Industry Wonders if BofA and First Data Are Heading To Divorce Court

  

  A report that Bank of America Corp. might not renew its joint merchant-acquiring venture with leading payment processor First Data Corp. left observers wondering Thursday what the break-up of one of the payments industry’s biggest players would mean for the companies involved, and the wider industry. The joint venture, Bank …
• 9 May

  ACI Acquires Western Union’s Walletron Mobile Bill-Presentment Business

  

  In an effort to boost its electronic bill-payment offerings, payments-technology provider ACI Worldwide Inc. on Thursday announced its second recent acquisition from The Western Union Co., this one of mobile bill-presentment provider Walletron Inc. Today’s announcement came at the same time Naples, Fla.-based ACI said it will complete its previously …
• 8 May

  NCR Says Its Integration of Processor JetPay Into Its POS Systems on Track

  

  Integration of JetPay, the processor NCR Corp. bought for $184 million in 2018, into NCR’s point-of-sale systems will be more broadly available in the second half of 2019, NCR said Tuesday. NCR intended to marry JetPay with its POS systems, including NCR Silver and Aloha, in an effort to offer …
• 8 May

  Visa Completes Earthport Deal and other Digital Transactions News briefs from 5/8/19

  

  Visa Inc. closed on its acquisition of Earthport, a provider of cross-border payments services. The card network says it expects the acquisition to allow it to access “the vast majority of the world’s banked population” to allow them to move money globally. Earthport earlier this year had been the object …