Tuesday , December 24, 2024

Mergers & Acquisitions

December, 2018

  • 5 December

    Upserve Launches Upserve POS and other Digital Transactions News briefs

    Citing its potential effects on payments-market competition, the United Kingdom’s Competition and Markets Authority has now ordered an in-depth review of PayPal Holdings Inc.’s acquisition of Sweden-based processor iZettle AB. A PayPal spokesperson told Reuters the company is working with the CMA and plans to demonstrate the market will remain …

November, 2018

  • 27 November

    British Competition Regulators Probe PayPal’s Takeover of iZettle

    The United Kingdom’s Competition and Markets Authority announced Monday that its initial investigation has found that PayPal Holdings Inc.’s September acquisition of Swedish processor iZettle AB could reduce competition or raise prices in the payments market. But whether the antitrust regulator will unwind the deal is far from certain. “While …

  • 27 November

    Mitek CFO Decides to Stay and other Digital Transactions News briefs from 11/27/18

    Mobile remote deposit capture software provider Mitek Systems Inc. reported that chief financial officer Jeffrey C. Davison, who in August said he would resign effective Nov. 30, has changed his mind and won’t quit. Mitek’s board of directors accepted the rescission. Long-time chief executive Jim DeBello recently left and has …

  • 15 November

    AmEx Launches Virtual Payment Service and other Digital Transactions News briefs from 11/15/18

    Boosted by its 2017 acquisition of Singular Payments, merchant processor Payment Data Systems Inc. said its credit card transactions rose 109% year-over-year in the third quarter and dollar volume rose 112%. Revenues increased 80% to $6.47 million from $3.59 million in 2017’s third quarter. The company reported a net loss of …

  • 7 November

    EVO Notes Revenue Increase and other Digital Transactions News briefs from 11/7/18

    Three years after the EMV liability shift, fallback fraud, which bypasses protections against counterfeit card use, remains a problem for the U.S. payments industry, Auriemma Consulting Group said. Its data found that fallback fraud, which typically is a problem when markets first adopt EMV, still makes up more than 20% of …

  • 5 November

    Mitek Rejects ASG’s ‘Underwhelming’ Buyout Offer

    Mitek Systems Inc. reported early Monday that its board of directors “unanimously rejects” last week’s unsolicited buyout offer from business software firm ASG Technologies Inc., saying it “is not in the best interests of Mitek’s shareholders.” Today’s announcement is no surprise. Chairman Bruce Hansen on Thursday signaled that he and …

  • 1 November

    Eye on Mobile: Apple Pay’s Growth Surge Continues; Mitek Cool to Buyout Offer

    Apple Pay continues to gain strong adoption, Apple Inc. chief executive Tim Cook reported Thursday. Also on Thursday Mitek Systems Inc., a small but prominent provider of software for mobile remote deposit capture and identity verification, gave a decidedly cool response in its first comments about a $425 million buyout …

  • 1 November

    Software Firm Tries Again To Buy Mitek Systems

    Software developer ASG Technologies Group Inc., a portfolio company of the hedge fund Elliott Management Corp., on Wednesday announced a $425 million offer to buy Mitek Systems Inc., a leader in the mobile remote deposit capture software market that also provides identity-verification and related applications. San Diego-based Mitek issued no …

October, 2018

  • 30 October

    NCR’s New CEO Started Eyeing Payments Soon After Taking the Company’s Reins

    Payment processing is something NCR Corp. president and chief executive officer Michael D. Hayford thought the ATM manufacturer and point-of-sale software provider should add to its menu of services since he took the company’s top post six months ago. He’ll get his wish if NCR’s $184 million deal to acquire …

  • 24 October

    WEX To Acquire Bill-Pay and Virtual Card Specialist Noventis

    Fleet-fueling and corporate-payments provider WEX Inc. reported this week that it has a deal to acquire Noventis Inc., a bill-payment network and virtual card specialist. South Portland, Maine-based WEX said in a news release that it already has a “longstanding relationship” with Noventis as a supplier of virtual cards for …

Digital Transactions