Mergers & Acquisitions

May, 2017

• 18 May

  North American Bancard Buys Total Merchant Services As Acquirer Consolidation Continues

  

  Two powerhouse independent sales organizations are joining together. North American Bancard Holdings LLC is buying Total Merchant Services Inc. for an undisclosed amount. Woodland Hills, Calif.-based TMS processes more than $12 billion in annual transactions, which when added to NAB will result in more than $50 billion in annual processing …
• 16 May

  MoneyGram Shareholders Give a Thumbs-Up to Ant Financial’s Buyout Offer

  

  Shareholders of MoneyGram International Inc. voted overwhelmingly in favor of Ant Financial Services Group’s planned $1.2 billion acquisition of their company, Dallas-based MoneyGram announced Tuesday. A preliminary tally shows 97% of the shares voted were in favor of the deal and represented more than 82% of all outstanding shares, MoneyGram …

April, 2017

• 26 April

  Vantiv Buys Paymetric and other Digital Transactions News briefs

  • Processor Total System Services Inc. (TSYS) reported its revenues grew 60.2% year-over-year in the first quarter, to $1.2 billion from $739.4 million. Net income attributable to common shareholders was $105.9 million, up 16.8% from $90.6 million. For 2017, the company is raising its total revenue and net revenue guidance by …
• 12 April

  Ant Financial Sets ‘The Record Straight’ About Its Fight With Euronet for MoneyGram

  

  China-based Ant Financial Services Group, which has a deal to buy MoneyGram International Inc. for $880 million, on Wednesday fired back at Euronet Worldwide Inc. as the two firms fight for the No. 2 U.S.-based wire-transfer provider. Euronet last month submitted an unsolicited $1 billion bid for MoneyGram and has …
• 6 April

  Ant Financial Issues Letter Citing Commitment to MoneyGram’s U.S. Growth

  

  Yet another development has unfolded in the dueling bids for wire-transfer provider MoneyGram International Inc. As Ant Financial Services Group and Euronet Worldwide Inc. compete to acquire MoneyGram, Ant Financial on Thursday issued an open letter to MoneyGram that addresses Ant’s potential commitments to the money-transfer company. In addition to …

March, 2017

• 1 March

  How Ant Financial Is Laying the Foundation for Alipay’s Expansion

  

  Ever since Ant Financial Services Group let it be known in October that it is working with key payments players like VeriFone Systems Inc. and First Data Corp. to bring its Alipay mobile-payments service to North America, the industry has wondered about the Chinese company’s strategy both in the United …

February, 2017

• 23 February

  Green Dot Gets Set for a Major Role in Payroll Cards As It Prepares to Swallow UniRush

  

  Green Dot Corp.’s chief executive on Wednesday hailed the company’s pending acquisition of Consumer Financial Protection Bureau <![endif]–> The company finished 2016 with $718.8 million in total operating revenue, up 3.5% over its 2015 revenue total. Net income for the year came in at $41.6 million, up 8% from $38.4 …
• 14 February

  After Absorbing Wincor Nixdorf, Diebold Looks to a More Diversified Future

  

  Diebold Nixdorf, the ATM manufacturer formed last August when North Canton, Ohio-based Diebold Inc. bought Germany’s Wincor Nixdorf AG, on Tuesday reported results for its first full quarter as a combined company. The merged firm, double the size of the former Diebold Inc., is now looking to expand globally and …

January, 2017

• 30 January

  Green Dot May Be Interested in UniRush and other Digital Transactions News briefs

  • Bloomberg reported that prepaid card services provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music-industry entrepreneur behind the rap label Def Jam. • In another possible deal, U.K.-based accounting and payroll software firm Sage Group plc is mulling a sale of its U.S. …
• 30 January

  Adding Scale And Payroll Cards, Green Dot Pays $147 Million Upfront for UniRush

  

  Prepaid card specialist Green Dot Corp. has agreed to buy rival UniRush LLC in a deal valued at a minimum of $147 million and expected to close by the end of March. Pasadena, Calif.-based Green Dot, perhaps best known for managing Wal-Mart Stores Inc.’s MoneyCard operation, said the deal will …