Digital Transactions Authoritative, insightful and timely information for payments professionals
Gift and prepaid card services provider Blackhawk Network Holdings Inc. reported Tuesday that it has a deal with two financial firms to be taken private for $3.5 billion. Private-equity firm Silver Lake Management L.L.C. and hedge fund P2 Capital Partners are offering $45.25 per share in cash. The offer represents …
January, 2018
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8 January
Klarna Integrated Into ACI Service and other Digital Transactions News briefs from 1/8/18
Vantiv Inc. shareholders approved the processor’s planned acquisition of London-based merchant acquirer Worldpay Group plc with 99.9% of votes cast in favor, Vantiv reported. The companies expect the merger to close Jan. 16 following approval of a British court. The merged company will be known as Worldpay Inc., and its …
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5 January
COMMENTARY: Three Key Considerations When Offering App-Based Loyalty Programs
Traditional card-based loyalty programs, like those offered at local grocery stores, car washes, and restaurants, can drive consumer loyalty simply because many people are already familiar with them. But if brands want to improve the depth of the consumer experience, evolving to a digital-based loyalty program can provide consumers with …
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2 January
Citing U.S. Government Resistance, MoneyGram And Ant Financial Call Off Their Merger
Unable to get approval from federal authorities, wire-transfer provider MoneyGram International Inc. and China-based Ant Financial Services Group disclosed Tuesday that they have terminated their merger agreement, almost a year after it was first proposed. In a joint news release, the firms said they’re bailing on Ant’s plan to acquire …
December, 2017
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4 December
WePay Provides Volusion Payments Backbone As Chase Completes Its WePay Acquisition
Payments provider WePay is officially part of JPMorgan Chase & Co., WePay announced Monday. The banking giant wasted no time putting WePay to work as the backbone of a new payments service from Volusion LLC, an e-commerce platform. Chase announced in October it was buying Redwood City, Calif.-based WePay for …
November, 2017
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28 November
M&A Activity in the Merchant-Acquiring Industry Heats Up
As 2017 heads toward a close, merger-and-acquisition activity in the merchant-acquiring space is on track to equal or exceed 2016’s number of deals, and buyers are paying more as the pool of quality acquisition targets shrinks. Annapolis, Md.-based First Annapolis Consulting Inc. tells Digital Transactions magazine for its upcoming December issue …
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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
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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 …
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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 …
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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 …
