Digital Transactions Authoritative, insightful and timely information for payments professionals
Facebook Inc. reportedly is planning a cryptocurrency-based payment system using a digital coin with stable value that would enable the social-networking giant to avoid fees it incurs for conventional card payments, according to a report in The Wall Street Journal cited by the Associated Press. The report says Facebook is …
May, 2019
-
2 May
Global Payments Touts Differentiated Strategy as Worldpay Reports Strong First-Quarter Results
The big merchant processors Global Payments Inc. and merger candidate Worldpay Inc. reported healthy first-quarter results Thursday. North America performed especially well for Atlanta-based Global Payments, generating $678.4 million in revenues, up 14% from $594 million in 2018’s first quarter. In contrast, European revenues slipped 0.3% to $142.9 million while …
-
2 May
Mitek Chooses Independence and other Digital Transactions News briefs from 5/2/19
The board of directors of Mitek Systems Inc., the developer of remote deposit capture and identity-verification software, has concluded its “strategic review” of alternatives that could have led to the company being acquired, but now plans to remain independent. “Our board, following a thorough review of the results and in …
-
1 May
Square’s Dorsey Not Troubled by the Acquiring Industry’s Mega-Mergers
Square Inc. has been a non-traditional merchant acquirer since its birth nearly a decade ago, and a wave of industry mergers won’t change that, according to chief executive Jack Dorsey. “I do think we will continue to see consolidation, but that doesn’t worry me,” Dorsey, who also is Twitter Inc.’s …
-
1 May
EVO Buys Gateway and other Digital Transactions News briefs from 5/1/19
Merchant processor EVO Payments Inc. says it has a deal to acquire the payment-gateway assets of Mexico City-based SF Systems, which has developed integrations with many of Mexico’s largest point-of-sale systems. EVO has been working with SF Systems since it entered Mexico in 2015. Terms of the deal were not …
April, 2019
-
30 April
Fiserv’s First Data Deal Remains on Track Despite Justice Request
Core processor Fiserv Inc. continues to expect its $22 billion deal to acquire First Data Corp. will close in 2019’s second half despite a U.S. Department of Justice inquiry about the merger, Brookfield, Wis.-based Fiserv reported Tuesday. The Justice Department asked for more information and documents on April 4, though …
-
30 April
Apple Pay on Track To Hit 10 Billion Transactions in 2019
Boosted in part by transit systems and other merchants adopting contactless payments, the Apple Pay mobile-payments service had another quarter of record volume and is heading for a milestone this year, Apple Inc. chief executive Tim Cook said Tuesday. “Apple Pay transaction volume more than doubled year-over-year, and we are …
-
30 April
Mastercard Will Remain on the Hunt for Acquisitions and Fintech Investments, Its CEO Says
Mastercard Inc. has been active on the mergers-and-acquisitions front lately, and that’s going to continue, according to company president and chief executive Ajay Banga. The acquisitions typically involve financial-technology firms in all corners of payments. Just two weeks ago, Mastercard announced that it had acquired Vyze Inc., the provider of …
-
30 April
With a Hurdle Cleared, FIS Expects to Close $43 Billion Worldpay Deal in the Third Quarter
Fidelity National Information Services Inc. (FIS) on Tuesday said it expects to close its colossal $43 billion acquisition of payment processor Worldpay Inc. in the third quarter following a Federal Trade Commission ruling. The merger, announced in March, would create a processing colossus with payments services ranging from merchant processing, …
-
30 April
PayPal’s iZettle Deal Gets U.K. Approval and other Digital Transactions News briefs from 4/30/19
PayPal Holdings Inc. said the United Kingdom Competition and Markets Authority provisionally cleared PayPal’s $2.2 billion deal to buy iZettle AB, a European point-of-sale services provider. The deal closed in 2018. Processor First Data Corp. said merchant-processing revenues from North American clients rose 5% year-over-year in the first quarter to …
