Digital Transactions Authoritative, insightful and timely information for payments professionals
Mastercard Inc. has called a halt to its bidding war with Visa Inc. over cross-border business-to-business payments processor Earthport PLC and instead plans to acquire another company in the space, Transfast Remittance LLC. Mastercard announced a tentative deal to buy New York City-based money-transfer provider Transfast Friday. Transfast is a …
March, 2019
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11 March
EVO Payments Adds Another European Payment Company
EVO Payments Inc. continues its European expansion with the acquisition of Way2Pay, an Ireland-based payment gateway. Announced Monday, the deal gives the Melville, N.Y.-based company entry to integrated payments for schools and clubs in Ireland and the United Kingdom. Terms were not disclosed. “We see significant value in expanding Way2Pay …
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11 March
Repay Payment Volume Increases 42% and other Digital Transactions News briefs from 3/11/19
Repay Holdings LLC said its 2018 payment volume increased 42% to $7.5 billion from $5.2 billion in 2017. Its net income increased 12% to $10.5 million from $9.4 million. Repay is in the midst of a pending merger with Thunder Bridge Acquisition Ltd. Net Element Inc. unit Unified Payments will …
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8 March
Mastercard Leaves Earthport to Visa to Buy Transfast and other Digital Transactions News briefs from 3/8/19
Mastercard Inc. has abandoned its pursuit of cross-border specialist Earthport PLC and instead has agreed to acquire New York City-based Transfast Remittance LLC, a cross-border account-to-account money-transfer network. Terms of the deal, which is expected to close in 2019’s second half, were not disclosed. Visa Inc. last month made an …
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6 March
Payroc Buys POS Tech Developer and other Digital Transactions News briefs from 3/6/19
Payments provider Payroc LLC announced it acquired Detrok Technology Services, a developer of technology for point-of-sale, payment, and other functions in the hospitality industry. Terms were not disclosed. Payments provider Powertranz said it and NCR Corp. integrated the Powertranz software development kit and payment gateway into the NCR Aloha point-of-sale …
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5 March
Fleetcor To Buy Nvoicepay and other Digital Transactions News briefs from 3/5/19
Fleetcor Technologies Inc., a business-to-business payments provider, said it has agreed to acquire Nvoicepay Inc., a provider of accounts-payable technology. Terms were not disclosed. Private-equity firm Napier Park Financial Partners invested $10 million in Nvoicepay in 2016. Mobile point-of-sale specialist CardFlight Inc. said its SwipeSimple product now includes the ability …
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4 March
i3 Verticals’ $20 Million Acquisitions and other Digital Transactions News briefs from 3/4/19
Payments company i3 Verticals Inc. announced the acquisition of two unnamed companies at a combined price of approximately $20 million. One is in the public sector and the other is in wireless Internet-service billing. Countering the impression that most users of digital-payments services skew younger, half of first-time person-to-person payment …
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1 March
In Speedpay, ACI Worldwide Will Gain a Bill-Pay Pioneer
With its pending $750 million acquisition of The Western Union Co.’s bill-pay subsidiary Speedpay Inc., payment-software and processing provider ACI Worldwide Inc. will gain control of a profitable operation that made a name for itself in expedited payments. “Speedpay invented the expedited-payments market,” says Richard K. Crone, chief executive of …
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1 March
Accenture Invests in P97 Networks and other Digital Transactions News briefs from 3/1/19
Business-services firm Accenture invested in and formed an alliance with P97 Networks Inc., a cloud-based mobile-commerce firm specializing in automotive. As part of the agreement, Accenture will develop products from P97 for its clients. P97’s PetroZone service is installed at more than 20,000 U.S. filling stations. Terms of the investment …
February, 2019
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28 February
ACI Agrees to Acquire Speedpay for $750 Million in a Bid to Bulk up Bill-Pay Muscle
ACI Worldwide has agreed to lay out $750 million in cash to buy Speedpay Inc., the digital bill-payment business that has been part of The Western Union Co. for 17 years. The deal, announced early Thursday, will bulk up ACI’s bill-payment processing business at a time when trends like digital …