Monday , December 23, 2024

Mergers & Acquisitions

November, 2017

  • 8 November

    Gone With the Wind: Hurricanes Blow a Hole in a Puerto Rican Processor’s Volumes

    Hurricanes Irma and especially Maria devastated Puerto Rico-based payment processor Evertec Inc.’s business in September, and the company’s merchant business is in for a long recovery as the island struggles to restore electric power and other essential services to businesses and residences. In reviewing Evertec’s third-quarter results during a Tuesday …

October, 2017

  • 31 October

    VocaLink, PayPal, And P2P Will Help Propel Mastercard, the Network’s Boss Says

    Mastercard Inc. enjoyed a strong third quarter, and Tuesday morning its top executive was not shy about celebrating some of the trends that he expects will further lift results for the world’s second-largest payment card network. These include recent acquisitions, a global partnership with PayPal Holdings Inc., and budding developments …

  • 31 October

    Pineapple Payments Buys Payline Data and other Digital Transactions News briefs from 10/31/17

    American Express Co. released SafeKey 2.0, an online authentication tool that uses the EMVCo 3-D Secure 2.0 standard. The service will be available in spring 2018. Payline Data Services LLC announced that payment-processing technology company Pineapple Payments purchased Payline Data for an undisclosed amount. Payline Data has almost 10,000 merchants processing …

  • 26 October

    Irish Firm To Acquire Multi-Currency Processor Planet Payment for $250 Million

    Two and a half months after announcing it was exploring strategic alternatives, international payment services provider Planet Payment Inc. reported late Thursday that it has a deal to be acquired by Galway, Ireland-based Fintrax Group, a multi-currency processor for international shoppers, for $4.50 per share in cash. The deal values …

  • 26 October

    Small Merchants Boost Vantiv as the Processor’s Merger With Worldpay Draws Closer

    As its merger with London-based merchant acquirer Worldpay Group plc gets closer, payment processor Vantiv Inc. reported Thursday that it saw strong growth in its merchant-acquiring segment in the third quarter, especially from small and mid-sized merchants. Symmes Township, Ohio-based Vantiv said net third-quarter revenues in its Merchant Services   segment …

  • 19 October

    First Data Buying BluePay and Other Digital Transactions News briefs from 10/20/17

    First Data Corp. made it official: it is acquiring merchant processor BluePay Holdings Inc. for $760 million in cash. BluePay processes $19 billion annually for 77,000 merchants and is integrated into more than 450 software platforms. The deal is expected to close by the end of the year. First Data inadvertently …

  • 18 October

    Chase To Acquire WePay in a Play for ISVs and New Merchants

    JPMorgan Chase & Co. is making a big move into the world of independent software vendors and payment facilitators with a planned acquisition of WePay Inc. that the nation’s largest bank announced late Tuesday. Redwood City, Calif.-based WePay develops payments-related application programming interfaces (APIs) for software developers to put into …

  • 12 October

    Blackhawk Network Plans To Sell its Cardpool Gift-Card Exchange Business

    Prepaid card services provider Blackhawk Network Holdings Inc. disclosed Wednesday that it plans to sell its struggling Cardpool business. That news came as Pleasanton, Calif.-based Blackhawk reported a loss of $7.8 million for its third quarter ended Sept. 9, bigger than the $5.1 million loss in 2016’s third quarter. Third-quarter …

September, 2017

  • 7 September

    Global Payments Completes Active Deal and other Digital Transactions News briefs

    Francisco Partners, a private-equity fund, has made an investment in Network Merchants Inc., a provider of payments technology and gateways to merchants and independent sales organizations. The unspecified investment is said to be “substantial.” Consequent to the deal, existing investor Bregal Sagemount will exit, and existing investor Great Hill Partners will …

August, 2017

  • 25 August

    AmEx Exits Prepaid Card Program Management With Platform Sale to InComm

    The pending sale by American Express Co. of its Serve technology platform to prepaid card program manager InComm moves AmEx more toward the model used by most other general-purpose prepaid card issuers and still keeps the upscale AmEx brand involved in a business mostly oriented toward moderate- and lower-income consumers, …

Digital Transactions