Digital Transactions Authoritative, insightful and timely information for payments professionals
The $4.3 billion merger of Global Payments Inc. and Heartland Payment Systems Inc. appears to be paying off. Atlanta-based Global Payments released its fiscal fourth-quarter and year-end results Thursday. For the year, which ended May 31, total revenue of $2.9 billion was up 4.5% from $2.8 billion in the prior year. …
July, 2016
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21 July
MasterCard to Buy U.K. ACH and Faster-Payments Operator VocaLink for $920 Million
Confirming months of speculation, MasterCard Inc. announced Thursday that it has a definitive deal to acquire VocaLink Holdings Ltd., operator of the United Kingdom’s automated clearing house and faster-payments systems, for £700 million, or approximately $920 million, in cash. London-based VocaLink operates BACS, the U.K.’s ACH network, as well as the …
May, 2016
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12 May
TransFirst Joins TSYS with Future-Focused Strategies for Payments Innovations
By John Shlonsky, Senior Executive Vice President & President, Merchant Services, TSYS In today’s dynamic payments environment, there are two vital components needed for ongoing growth. First, bring relevant products and services to the market. Then, provide operational excellence and support to the customers who use them. A …
April, 2016
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4 April
TSYS Completes Its TransFirst Deal and other Digital Transactions News briefs
• VeriFone Systems Inc. introduced Verifone Carbon, a black, portable point-of-sale system for café owners, quick-service restaurants, and stores that features a tablet screen for the merchant and a smaller screen for the customer, and a stand with a built-in printer. The Intel-powered device includes VeriFone’s cloud-based Commerce Platform that …
March, 2016
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3 March
MasterCard’s Possible VocaLink Buy Could Shake Up the U.S. Faster-Payments Scene
MasterCard Inc. reportedly wants to acquire VocaLink Ltd., operator of the United Kingdom’s Faster Payments system, for just under £1 billion ($1.4 billion), according to reports in the British media Thursday. Such a deal, if consummated, could shake up the budding faster-payments movement in the U.S., where VocaLink is building …
January, 2016
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26 January
In a Bid to Build on Strengths, TSYS Clinches a $2.35 Billion Deal To Buy TransFirst
Processor Total System Services Inc. (TSYS) is buying acquirer TransFirst Holdings Inc. for $2.35 billion, Columbus, Ga.-based TSYS announced Tuesday. The deal, which is expected to close in the second quarter, puts an end to TransFirst’s plans to explore an initial public offering. Hauppauge, N.Y.-based TransFirst last October filed an …
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7 January
Chase Exits ISO Business With Portfolio Sale to First American Payment Systems
Merchant processor First American Payment Systems L.P. on Thursday reported that it bought the independent sales organization portfolio of Chase Commerce Solutions, the merchant-acquiring and payment-processing unit of banking giant JPMorgan Chase & Co. Neither company would disclose the purchase price or the number of ISOs and merchants involved in the …
December, 2015
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16 December
Global Payments’ $4.3 Billion Heartland Deal Points up Industry Shift to Integrated Payments
When Global Payments Inc.’s chief executive, Jeffrey S. Sloan, called his counterpart at Heartland Payment Systems Inc., Robert O. Carr, a couple of months ago, he had in mind the potential for a massive acquisition in the acquiring business. But, in making that call, he also took the latest step, …
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15 December
Global Payments To Buy Heartland in $4.3 Billion Cash-And-Stock Deal
Confirming rumors that have been rife for days, merchant acquirer Global Payments Inc. announced late Tuesday that it will buy smaller rival Heartland Payment Systems Inc. in a cash-and-stock deal valued at $4.3 billion. At $100 per share, the deal represents an 18% premium over Heartland’s closing share price Tuesday. …
December, 2014
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17 December
Digital River Re-Ups With Microsoft, Removing a Cloud Over Its Planned Buy-Out
Investors in Digital River Inc.’s stock reacted with exultation Wednesday morning when the gateway and e-commerce services provider disclosed that Microsoft Corp., its biggest customer, had renewed an agreement under which Digital River hosts the Microsoft Store online site. Not only has Digital River retained a client that accounts for …