Mergers & Acquisitions

April, 2018

• 25 April

  Shift4 Is Embroiled in an Antitrust Suit Alleging It Shuts out Rival Restaurant Processors

  

  The ongoing consolidation of companies focused on point-of-sale systems for restaurants gave rise on Tuesday to an antitrust suit that seeks to reverse one of the most recent mergers among payment processors. Payment Logistics Ltd., a San Diego-based payments provider, alleges in its complaint that Shift4 Payments LLC is using …
• 20 April

  RealPage Buys ClickPay and other Digital Transactions News briefs from 4/20/18

  

  RealPage Inc., a vendor of software and data analytics to the real-estate business, has agreed to buy ClickPay, a payments processor for rent and other housing receivables, for $218.5 million in cash and stock. The deal is expected to close within the next six months. Infinicept, a company that offers services to …
• 19 April

  Advice From a Veteran ISO Exec: Build Scale Fast, And Be Ready to Work With—Or Buy—ISVs

  

  The twin imperatives for independent sales organizations these days are to get bigger fast and to collaborate with independent software vendors, Todd Linden, chief executive of Paysafe North America, tells Digital Transactions News. Linden, a veteran acquiring-industry executive, should know. Paysafe North America’s parent company, London-based Paysafe Holdings UK Ltd., …
• 13 April

  Paysafe’s Proposed Deal for iPayment Will Make the U.K. Firm a Top Player in U.S. Acquiring

  

  Paysafe Holdings UK Ltd. hasn’t been shy about building scale via acquisitions, and on Thursday it announced one of its biggest deals yet in the U.S. merchant-acquiring business. It expects to close by the end of June on a transaction that will bring into its fold iPayment Holdings Inc., a …
• 10 April

  A $3.4 Billion Deal Aims To Take VeriFone Private Again

  

  VeriFone Systems Inc. once again is preparing to become a privately held enterprise, according to Monday’s announcement that an investor group led by Francisco Partners has agreed to buy the point-of-sale terminal and services provider for $3.4 billion. The deal, expected to close in the third quarter, values each VeriFone …

March, 2018

• 30 March

  Private-Equity Firm Advent International Merges Clearent With an ISV

  

  Advent International, a private-equity firm with considerable experience in the payments space, announced Friday that it had acquired a majority stake in the big independent sales organization and payment processor Clearent LLC and merged it with FieldEdge, an independent software vendor serving home-services contractors. Advent had also bought FieldEdge. Financial …
• 22 March

  Eye on E-Commerce Fraud: CyberSource And Worldpay Harness Machine Learning And Big Data

  

  Machine learning and huge swaths of data are being enlisted in the battle to counter online fraud, with CyberSource announcing an enhancement to its fraud-prevention service and processor Worldpay Inc. launching a new fraud-prevention service Wednesday at MRC 2018, the annual conference held by the Merchant Risk Council. CyberSource, a …
• 13 March

  With Integrated Processing on the Rise, Gateways Have Become a ‘Hot M&A Target’

  

  Independent sales organizations and acquirers looking for a payment gateway have another resource to use. Payments consultancy The Strawhecker Group recently released its Payment Gateway Directory, which catalogs 58 data points about 73 companies. The report also analyzed the performance of the gateways by assessing the account-boarding process, evaluating developer …
• 8 March

  E-Commerce Specialist Stripe Snaps up Faster EMV Developer Index in Multichannel Play

  

  The search by online-payments kingpins for avenues into physical-world stores reached a new milestone with the acquisition by Stripe Inc. of point-of-sale technologist Index Inc. Terms of the deal were not disclosed, according to an Index spokesperson, who added the company has no immediate comment on the transaction. A Stripe …
• 5 March

  Network Merchants Closes Creditcall Acquisition and other Digital Transactions News briefs from 3/5/18

  

  Network Merchants LLC, a technology provider for independent sales organizations, acquirers, and independent software vendors, closed its previously announced acquisition of gateway and EMV technology provider Creditcall for an undisclosed price. Digital cross-border person-to-person remittances will total $300 billion by 2021, up from an estimated $225 billion this year, according …