Digital Transactions Authoritative, insightful and timely information for payments professionals
The two co-founders of online transaction processor Adyen are now billionaires thanks to last week’s market upturn, according to Forbes. Chief executive Pieter van der Does holds a 4.8% stake in the company, which went public last year. Arnout Schuijff, chief technology officer, holds a 6.4% interest. Among Adyen’s U.S. …
January, 2019
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17 January
Fiserv’s Planned Acquisition of First Data Raises Questions About the Debit Market’s Future
The proposed merger of Fiserv Inc. and mega-processor First Data Corp. has huge implications for many parts of the payments industry. But the deal, if consummated as planned, could have an especially large effect on the U.S. debit card market. First Data owns the Star electronic funds network, while Fiserv …
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17 January
WEX’s Latest Acquisition and other Digital Transactions News briefs from 1/17/19
WEX Inc., a payments and technology provider in the fleet, travel, and health-care sectors, said it has acquired Discovery Benefits Inc., an employee-benefits administrator serving more than 1 million consumers across the country. New York City & Co., the official visitors’ bureau for the city of New York, said it …
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16 January
Fiserv Stuns the Industry With a Massive All-Stock Acquisition of First Data
In a stunning announcement that surprised many observers, Fiserv Inc. said Wednesday morning it has struck a deal to acquire First Data Corp. with what the parties say will be the biggest ever such transaction in the payments and financial-technology businesses. The all-stock deal, expected to close in the third …
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11 January
Ingenico’s Latest Acquisition and other Digital Transactions News briefs from 1/11/19
Point-of-sale terminal maker and payment-services provider Ingenico Group said it completed its acquisition of New Zealand’s Paymark payment network. Processor Bottomline Technologies Inc. said it has added The Access Bank UK Ltd. to the United Kingdom’s Faster Payments Scheme (FPS) via Bottomline’s Real Time Payments Service. Brex, a provider of corporate cards for startups, …
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10 January
Graylin Starts Another Payments Enterprise and other Digital Transactions News briefs from 1/10/19
Will Graylin, a payments entrepreneur and former Samsung Pay executive, launched OV Loop, which includes two voice-activated messaging products, OV App and OV Pro. OV App includes OV Pay, a single-tap payment application under development with financial institutions. Online merchants that don’t process local currencies fail to consummate 6% …
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8 January
Paya Makes Another Integrated-Payments Play With a Deal for First Billing Services
Paya Inc. said on Tuesday is has acquired First Billing Services, a Dayton, Ohio-based billing processor for municipalities, utilities, and multifamily housing units. The $57.5 million deal, which Paya chief executive Jeff Hack says was consummated minutes before midnight on New Year’s Eve, represents the Reston, Va.-based payments provider’s second …
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3 January
A Look Back at 2018’s 10 Most Popular Digital Transactions Posts
Fraud, acquisitions, and interchange dominated the top 10 list of news articles posted to DigitalTransactions.net in 2018. Starting with a $6.2 billion pact between Visa Inc. and Mastercard Inc., on one hand, and defendant banks, on the other, stemming from 13-year-old litigation over credit card interchange, to American Express Co.’s …
December, 2018
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27 December
Net Element Adds Cash Flow From Portfolio Acquisitions and other Digital Transactions News briefs from 12/27/18
A subsidiary of Visa Inc. is offering to buy Earthport PLC, a London-based provider of cross-border payments for banks and businesses, for approximately $250 million in cash. The offer represents a 250% premium to Earthport’s six-month average share price ended Dec. 24 and has the endorsement of Earthport’s board of …
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24 December
PayPal Shareholder Suit Dismissed and other Digital Transactions News briefs from 12/24/18
Mindbody Inc., the health and wellness software-application provider, said Vista Equity Partners will buy the company for $1.9 billion. Shareholders will receive $36.50 per share, a 68% premium over Mindbody’s Dec. 21 closing price of $21.72. Mindbody became an independent sales organization in 2010 to be able to sell its …