Thursday , September 19, 2024

Search Results for: acquisitions

Payoneer Agrees to a SPAC Merger That Will Take the Company Public

Global e-commerce payments provider Payoneer Inc. announced Wednesday morning it will go public via a merger with a blank-check company, confirming reports about a deal that first emerged last month. In the merger, which values Payoneer at $3.3 billion, the 15-year-old, New York City-based firm becomes the eighth payments-related company …

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The Megamergers’ Subtle Impact

More than a year has passed since three giant mergers promised to change the payments world. Change has come, but not where many expected to see it. Alone, any of the six companies involved in the round of megamergers in 2019 is huge. Recall that Global Payments Inc. acquired Total …

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Ransomware Makes a Comeback

The attack on TSYS last December was a sobering reminder of the vulnerability of payments companies to this insidious fraud. But there are steps you can take to protect your network. Criminals are businessmen, too, which is why they are always looking for ways to maximize the return on their …

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MiCamp Solutions Pioneers Game-Changing Payment Solutions Products

One of the fastest-growing and cutting-edge financial technology companies in the United States, MiCamp Solutions recently introduced its newest offering, which includes the game-changing Mi-Payment Choice and a unique gateway. Founded in 2007, and recently named to the Inc. 5000 for the third year in a row (#1,328), MiCamp Solutions …

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What’s in the Cards?

Visa and Mastercard are the world’s premier networks for card transactions. Can they afford to rest content with that distinction? It’s safe to say that most readers of this story have spent most of their adult lives with plastic tokens branded by Visa or Mastercard in their wallet. The two …

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Worldline/Ingenico Is Just Getting Started

Its big merger behind it, the new Worldline is flexing its muscles in the global market for processing and point-of-sale technology. As with so much else in the payments arena, scale is vital to continued success. That appears to be the case with Worldline S.A.’s $8.6-billion acquisition of Ingenico Group …

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E-Commerce Sales up 49% This Fall from 2019 and other Digital Transactions News briefs from 12/28/20

Retail sales, excluding the automotive and gasoline categories, grew 3% in the Oct. 11 to Dec. 24 period year-over-year, according to Mastercard SpendingPulse. E-commerce sales volume grew 49% in the same period compared to the year-ago period.Some Walmart stores in north Alabama stopped accepting credit cards when the stores’ Internet service failed owing …

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Scuppered Talks Between FIS And Global Payments Point to Enduring Importance of Size

Mega-merger fever hasn’t subsided in the payments industry. A combination of FIS Inc. and Global Payments Inc., which have reportedly broken off talks to merge in a deal that could be valued at $70 billion, would represent a continued push for yet more economies of scale in a business whose …

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Paysafecash Makes U.S. Debut and other Digital Transactions News briefs from 12/15/20

Payments provider Paysafe Group Holdings Ltd. announced the U.S. launch of Paysafecash, a digital service that allow consumers to pay online in cash. The service is provided by InComm Payments’ Vanilla Direct payment network.Some 30% of consumers have signed up for peer-to-peer payment platforms in the past six months, according to a survey …

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Hudson Executive Capital And Apollo Global Management Bid to Take Cardtronics Private

Cardtronics plc, a leading non-bank ATM deployer, has been tendered an offer by Hudson Executive Capital and Apollo Global Management for its outstanding shares of stock at $31 per share in cash.  Cardtronics, which operates more than 270,000 ATMs, has a less than 10% share of the global ATM business …

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Digital Transactions