Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
December, 2018
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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 …
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20 December
Synchrony Financial Extends Qurate Private-Label Card Deal and other Digital Transactions News briefs from 12/20/18
Mobile-commerce platform PredictSpring said it developed a mobile-shopping app and store-associate app that provides a buy-online, pickup-in-store function for BevMo!, a specialty-beverage retailer. Synchrony Financial announced it will provide private-label credit card services to Qurate Retail Group, parent company of HSN, beginning in 2019. Synchrony also extended existing deals with …
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14 December
Mitek Suitor Changes Tack and other Digital Transactions News briefs from 12/14/18
An affiliate of Elliott Management Corp., a hedge fund that is trying to acquire remote deposit capture software provider Mitek Systems Inc. through a portfolio company, plans to nominate seven director candidates at Mitek’s 2019 shareholder meeting, Mitek reported in a regulatory filing. The meeting date and location hasn’t been …
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12 December
Blackboard Picks Bluefin Encryption Service and other Digital Transactions News briefs from 12/12/18
Thales’s proposed all-cash acquisition of rival Gemalto received merger-control regulatory clearance by the European Commission. Effective immediately, the clearance is conditioned on Thales’s agreement to divest its general-purpose hardware security modules business worldwide. The deal still must clear regulatory hurdles in five other countries, including the United States. Bluefin Payment …
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10 December
Suitor Submits Another Mitek Bid and other Digital Transactions News briefs from 12/10/18
In an escalation of its bidding war for remote deposit capture software provider Mitek Systems Inc., business-software firm ASG Technologies, a portfolio company of the hedge fund Elliott Management Corp., upped its unsolicited buyout offer from $10 per Mitek share to $11.50 in cash. ASG also said there are no …
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7 December
Mobile Biller Boku Picks up ID Technology With a $68 Million Deal for Danal
Bill-to-mobile is often sidelined in discussions about mobile payments, but Boku Inc. brought the technique to center stage this week with a deal to acquire San Jose, Calif.-based Danal Inc. Boku’s shares, which trade on the London Stock Exchange’s Alternative Investment Market, fell in the wake of the announcement, with …
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7 December
UATP Adds Chase Pay to its Network and other Digital Transactions News briefs from 12/7/18
UATP, an airline-owned payment network, said it is adding Chase Pay to its network, a move that should make it easier for airlines to accept JPMorgan Chase & Co.’s Chase Pay in their apps and Web sites. NCR Corp. completed its $184 million acquisition of merchant processor JetPay Corp. Payments …
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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
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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 …
