Digital Transactions Authoritative, insightful and timely information for payments professionals
In its latest move to enhance its electronic bill-payment services, Mastercard Inc. announced Friday it has a deal to acquire bill-pay platform provider Transactis Inc. New York City-based Transactis provides technology that enables small businesses and organizations such as schools and property owners that mostly deal with paper bills and …
May, 2019
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3 May
Integrated Payments in the U.S. and Abroad Prove Fruitful for EVO Payments
The integrated-payments phenomenon is paying off for EVO Payments Inc. in the United States and internationally. While Atlanta-based EVO reported a decrease in first-quarter earnings, its strategy of courting integrated software vendors and companies that support their point-of-sale software continues to reap rewards, which EVO management says will benefit the …
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2 May
Global Payments Touts Differentiated Strategy as Worldpay Reports Strong First-Quarter Results
The big merchant processors Global Payments Inc. and merger candidate Worldpay Inc. reported healthy first-quarter results Thursday. North America performed especially well for Atlanta-based Global Payments, generating $678.4 million in revenues, up 14% from $594 million in 2018’s first quarter. In contrast, European revenues slipped 0.3% to $142.9 million while …
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2 May
Mitek Chooses Independence and other Digital Transactions News briefs from 5/2/19
The board of directors of Mitek Systems Inc., the developer of remote deposit capture and identity-verification software, has concluded its “strategic review” of alternatives that could have led to the company being acquired, but now plans to remain independent. “Our board, following a thorough review of the results and in …
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1 May
Square’s Dorsey Not Troubled by the Acquiring Industry’s Mega-Mergers
Square Inc. has been a non-traditional merchant acquirer since its birth nearly a decade ago, and a wave of industry mergers won’t change that, according to chief executive Jack Dorsey. “I do think we will continue to see consolidation, but that doesn’t worry me,” Dorsey, who also is Twitter Inc.’s …
April, 2019
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30 April
Fiserv’s First Data Deal Remains on Track Despite Justice Request
Core processor Fiserv Inc. continues to expect its $22 billion deal to acquire First Data Corp. will close in 2019’s second half despite a U.S. Department of Justice inquiry about the merger, Brookfield, Wis.-based Fiserv reported Tuesday. The Justice Department asked for more information and documents on April 4, though …
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30 April
Mastercard Will Remain on the Hunt for Acquisitions and Fintech Investments, Its CEO Says
Mastercard Inc. has been active on the mergers-and-acquisitions front lately, and that’s going to continue, according to company president and chief executive Ajay Banga. The acquisitions typically involve financial-technology firms in all corners of payments. Just two weeks ago, Mastercard announced that it had acquired Vyze Inc., the provider of …
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30 April
With a Hurdle Cleared, FIS Expects to Close $43 Billion Worldpay Deal in the Third Quarter
Fidelity National Information Services Inc. (FIS) on Tuesday said it expects to close its colossal $43 billion acquisition of payment processor Worldpay Inc. in the third quarter following a Federal Trade Commission ruling. The merger, announced in March, would create a processing colossus with payments services ranging from merchant processing, …
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30 April
PayPal’s iZettle Deal Gets U.K. Approval and other Digital Transactions News briefs from 4/30/19
PayPal Holdings Inc. said the United Kingdom Competition and Markets Authority provisionally cleared PayPal’s $2.2 billion deal to buy iZettle AB, a European point-of-sale services provider. The deal closed in 2018. Processor First Data Corp. said merchant-processing revenues from North American clients rose 5% year-over-year in the first quarter to …
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24 April
Visa’s OK With Pending Mega-Mergers in the U.S. Payments Industry
The pending acquisitions of two leading merchant processors by two leading core financial-institution processors are a “good thing,” Visa Inc. chief executive Alfred F. Kelly Jr. said Wednesday. “We’ve got very good relationships and a lot of history with all four of these players,” according to Kelly. His comments came …
