Digital Transactions Authoritative, insightful and timely information for payments professionals
In a move to expand its tokenization services, Visa Inc. announced Tuesday that it has a deal to buy the token and smart-ticketing businesses of Rambus Inc., a Silicon Valley chip and software provider. The purchase price is $75 million in cash, according to a regulatory filing from Sunnyvale, Calif.-based …
June, 2019
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25 June
Pineapple Payments Acquires Card Champ and other Digital Transactions News briefs from 6/25/19
Independent sales organization Pineapple Payments announced it acquired rival Card Champ. Both ISOs are based in Pittsburgh. Terms were not disclosed. Diebold Nixdorf Inc. released the DN Series of ATMs. Diebold said 18 financial institutions in 13 nations are testing the machines. Payment Data Systems Inc. changed its name to …
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21 June
Bill Ready, a Key Player in PayPal’s Rise, To Leave Company by Year’s End
PayPal Holdings Inc. announced late Thursday that its chief operating officer William J. “Bill” Ready will leave by the end of 2019 after six years with the online-payments leader. The unexpected departure of its number 2 executive cast some uncertainty over San Jose, Calif.-based PayPal. In mid-morning trading, its stock …
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18 June
Celero Commerce’s Two Acquisitions and other Digital Transactions News briefs from 6/18/19
Celero Commerce announced two acquisitions, those of Elmhurst Financial Services and Tandem Innovative Payment Solutions. Following the deals—financial terms were not disclosed for either—Celero will have approximately 25,000 merchants and process approximately $10 billion in annual payment volume. Payment Alliance International said it acquired ISA-ECash, an ATM operator and developer …
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14 June
PPRO Acquires Allpago and other Digital Transactions News briefs from 6/14/19
Cross-border payments firm PPRO announced its acquisition of Allpago, a payment and gateway provider in Latin America. Terms were not disclosed. Payments-services provider i2c Inc. said it is working with Zero, a financial-technology company that provides banking services. Payveris LLC completed its $7 million Series D funding round led by …
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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, …
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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, …
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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
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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 …
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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., …
