Mergers & Acquisitions

October, 2018

• 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 …
• 23 October

  EMS Buys POS System Developer and other Digital Transactions News briefs from 10/23/18

  

  Electronic Merchant Systems announced the acquisition of Total Touch POS, a POS system developer for the hospitality industry. Terms were not disclosed. Bank of America Merchant Services, along with First Data Corp., announced it integrated BlueSnap Inc.’s All-in-one Payment Platform into its system. BAMS is the first integration since First …
• 22 October

  NCR To Take a Direct Role in Payments With its Pending $184 Million Acquisition of JetPay

  

  Best known for its ATMs, NCR Corp. has long been close to the point-of-sale payment business with its software products such as Retail One, Aloha, and NCR Silver, and its hardware for retailers and the hospitality industry that includes self-checkout systems for grocery stores. Now NCR is about to dive …
• 22 October

  Klarna Launches Slice it in 4 Payment Option and other Digital Transactions News briefs from 10/22/18

  

  Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant. Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service …
• 12 October

  Shopify Tries a Store Strategy and other Digital Transactions News briefs from 10/12/18

  

  E-commerce processor Shopify Inc. opened its first brick-and-mortar “entrepreneur space” in downtown Los Angeles. The site will provide in-person support, training, and education to Shopify merchants, and the company’s suite of retail hardware products will be available. Shopify says it has 10,000 merchants in L.A. and 80,000 in California. Cybersecurity …
• 11 October

  Mitek Rejects Takeover Offer and other Digital Transactions News briefs from 10/11/18

  

  Sarah Friar, chief financial officer of merchant processor Square Inc., will leave the company in December after six years to become chief executive of Nextdoor, developer of a private social-network app for neighborhoods. David Viniar, Square’s lead independent director, will lead the search for a new CFO. Square’s stock fell …
• 8 October

  M-Payments Coming to C-Store Chain and other Digital Transactions News briefs from 10/8/18

  

  Terminal maker Verifone Systems Inc. launched EX-Receipt, a cloud-based system that generates an electronic receipt at gas pumps via text or email for enrolled customers, replacing the customary paper receipt. NCR Corp. introduced mobile-payment and -loyalty capability for Enmarket Convenience Stores, a chain of 123 c-stores and 14 quick-service restaurants …
• 3 October

  SpotOn Buys EmaginePOS and other Digital Transactions News briefs from 10/3/18

  

  Payments and software provider SpotOn Transact LLC  acquired EmaginePOS, a vendor of point-of-sale software for restaurants and bars. Terms were not announced. Business-services provider CSG Systems International Inc. bought Forte Payment Systems Inc., an independent sales organization, for an undisclosed amount. Credit and debit card information of more than 28,000 …
• 2 October

  NACHA Acquires the Business Payments Directory Association To Bolster B2B Payments Services

  

  NACHA reported Monday that it has acquired the non-profit Business Payments Directory Association, a move that deepens the presence of the U.S. automated clearing house network’s governing body in business-to-business payments and provides an entrée into blockchain-based payments. Herndon, Va.-based NACHA said the BPDA will operate as a self-governed group …
• 1 October

  Payscape Signs Referral Deal and other Digital Transactions News briefs from 10/1/18

  

  Unattended payments provider USA Technologies Inc. reported that it was unable to file its overdue annual report for fiscal 2018 to the Securities and Exchange Commission within the 15-day extension it asked for in September. The company said it is still investigating certain contractual arrangements that prompted it to ask …