Digital Transactions Authoritative, insightful and timely information for payments professionals
In a play for scale in a rapidly expanding e-commerce market, Vantiv Inc. on Wednesday agreed to buy the United Kingdom-based processor Worldpay Group plc for approximately $9.9 billion. JPMorgan Chase & Co., which had also expressed interest in Worldpay, has withdrawn from the bidding. The boards of the two …
July, 2017
June, 2017
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2 June
In Yet Another ISV Play, GTCR Buys Sage Payment Solutions for $260 Million
Finally, the rumors can stop. Sage Payment Solutions, the U.S. merchant-services arm of Sage Group plc, has been sold to GTCR LLC, a Chicago-based private-equity firm, for $260 million, GTCR announced Friday. Reports of a possible sale of the company, which counts approximately 100,000 merchants in its portfolio, originally surfaced …
May, 2017
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30 May
First Data Increases Its ISV Footprint With Its $750 Million Acquisition of CardConnect
Just six months after declaring that it intended to become a player in the independent software vendor (ISV) payments space, processor First Data Corp. late Monday said it has a deal to buy a prominent ISV, CardConnect Corp., for $750 million. “CardConnect has been investing in technology, dedicated sales, and specialized …
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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 …
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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
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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 …
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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 …
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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
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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
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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 …
