Mergers & Acquisitions

September, 2018

• 25 September

  Fiserv Looks for Synergies in Its $690 Million Deal to Buy U.S. Bancorp’s Debit And ATM Assets

  

  U.S. Bancorp is selling its ATM managed-services and debit-servicing businesses to Fiserv Inc. for a price that the parties say is “approximately” $690 million. The assets Fiserv is acquiring, which are part of U.S. Bancorp’s Elan Financial Services unit, also include the MoneyPass surcharge-free ATM network, which links 33,000 machines …
• 25 September

  Paycosmos’ ‘ISO in a Box’ Launches and other Digital Transactions News briefs from 9/25/18

  

  Paycosmos, a provider of virtual and point-of-sale terminals, has teamed with payments provider linked2pay to launch “ISO in a Box,” a platform that offers sales agents support with acquiring and underwriting merchants and help with payments technology. Cashierless technology like that of Amazon Go will account for $45 billion in …
• 21 September

  How iZettle Could Boost PayPal’s Long-Held Strategy to Embrace the Physical Point of Sale

  

  For years, PayPal Holdings Inc. has worked to expand its reach to physical merchants, and now, with the closing on Thursday of its $2.2 billion acquisition of Stockholm-based iZettle AB, the digital-payments company is taking a significant step in achieving that ambition. At a stroke, the acquisition brings to PayPal …
• 14 September

  Grubhub Closes LevelUp Deal and other Digital Transactions News briefs from 9/14/18

  

  Grubhub, an online and mobile food-ordering marketplace, closed on its previously announced acquisition of LevelUp, a mobile-payments and -promotions platform, for $390 million in cash. Dream Payments, a digital-payments platform provider, released an application programming interface that allows insurers to link to the Dream Payments Hub as well as Mastercard …
• 6 September

  Ingenico In Toshiba POS Deal and other Digital Transactions News briefs from 9/6/18

  

  TableSafe Inc., a provider of tabletop point-of-sale devices, has certified its RAIL platform for EMV chip cards with processor First Data Corp. Ingenico Group announced Toshiba Global Commerce Solutions is offering Ingenico’s payments-acceptance technology and services from its Telium Tetra platform to Toshiba’s  existing and prospective customers. Merchants also can use …
• 4 September

  Eye on M&A: Elavon Buys Electronic Transaction Systems; FIS Sells Certegy Check Services

  

  Merchant acquirer Elavon Inc. has acquired Electronic Transactions Systems Corp., an independent sales organization and business-software provider, Elavon parent company U.S. Bancorp announced Tuesday. Another payment processor, Fidelity National Information Services Inc. (FIS), also reported Tuesday that it sold the assets of its Certegy Check Services unit to a private-equity …

August, 2018

• 29 August

  In Separate Deals, Global Payments And Paysafe Bolster Their Integrated-Payments Efforts

  

  In deals that further signify the importance to processors of integrated payments, Global Payments Inc. and Paysafe separately brokered pacts with point-of-sale software providers. Atlanta-based Global Payments says Liquid Payments Inc., a Fort Lauderdale, Fla.-based developer, will use the company’s Heartland Payment Systems unit to process payments. Liquid Payments’ service …
• 23 August

  CellPoint Mobile in Integration Deal and other Digital Transactions News briefs from 8/23/18

  

  Priority Technology Holdings Inc. said it purchased PPS Northeast, a former independent brand licensed office of Priority Payment Systems for an undisclosed amount. Payments provider CellPoint Mobile said its payment platform is now available to users of Runtriz’s hotel point-of-sale software for hotels and casinos. NACHA, the governing body for …
• 21 August

  Linked2Pay Debuts Instant Merchant Settlement and other Digital Transactions News briefs

  

  Payment-processing technology company Pineapple Payments has acquired payment-gateway provider Transax for undisclosed terms. The deal represents the fifth acquisition this year for Pineapple, which says it is processing $3 billion in annual volume for more than 13,000 merchants. Payments-technology provider linked2pay introduced what it calls instant merchant settlements for credit …
• 20 August

  Francisco Partners Closes on Its $3.4 Billion Verifone Deal

  

  As of Monday, point-of-sale terminal maker Verifone Systems Inc. once again is a privately-held company. Announced in April, the $3.4 billion deal also sees Michael Pulli, former chief executive of Pace plc, step into the same role at San Jose, Calif.-based Verifone, replacing Paul Galant, who became CEO in 2013. Galant …