Tuesday , October 29, 2024

Search Results for: clover

Taking Merchants to School

Merchant education can be a strategic advantage if you do it right. That starts with showing merchants how they can benefit from technology. Keeping up with payment technology is not easy for merchants. As if the learning curve for EMV, which is still rolling out in some merchant segments, wasn’t …

Read More »

Having Absorbed First Data, Fiserv Looks To Cut Costs While Staying Competitive

Top executives of the newly combined Fiserv Inc.-First Data Corp. say they can save more than $1.1 billion in annual costs while still developing competitive new products and markets for their bank and merchant clients. “The power of this new company has far greater reach than I imagined when we …

Read More »

How First Data Cemented Fiserv’s Payments Strategy

Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. Recently, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a long-term …

Read More »

C&H Merges with Mann and other Digital Transactions News briefs from 10/3/19

C&H Financial Services Inc. said it merged with Mann Merchant Processing Systems LLC to expand its East Coast operations and grow. The combined company will use the C&H brand. Terms were not disclosed.Merchant acquirer Elavon Inc., a subsidiary of U.S. Bancorp, acquired Gothenburg, Sweden-based payments provider Payius AB. Payius has been an …

Read More »

How Fiserv’s First Data Deal Cemented Its Long-Term Payments Strategy

Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a …

Read More »

Global Payments Completes TSYS Merger and other Digital Transactions News briefs from 9/18/19

Global Payments Inc. completed its $21.5 billion all-stock merger with payment processor Total System Services Inc. (TSYS). The deal cleared its last major hurdle when European Union antitrust regulators said they had no competition concerns, Reuters reported Tuesday. The merged company serves 3.5 million merchant locations and 1,300 financial institutions in more than 100 …

Read More »

COMMENTARY: Cash Vs. Cashless: Which Is Better for Business?

From cities to stadiums to quick-service restaurants, more and more places are grappling with the idea of going 100% cashless. According to the Pew Research Center, almost a third of Americans have stopped using cash for their typical weekly spending. Even Monopoly, many children’s first interaction with money and the …

Read More »

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 …

Read More »

Let’s Make a Deal

The gravitational pull toward M&A is claiming some of the industry’s biggest merchant processors. Are more mega-deals inevitable? There’s nothing new about mergers and acquisitions in the merchant-processing business. These combinations have been going on for years, after all, as acquirers seek to penetrate new markets or bulk up for …

Read More »

TSYS Signals Progress for Its Vital Line of Small-Business Processing Services

Total System Services Inc. (TSYS) late on Tuesday said it has now deployed “thousands” of its new Vital point-of-sale devices, which were launched in January. The product is “showing strong out-of-the-gate momentum,” said M. Troy Woods, TSYS’s chief executive, during a call with stock analysts to discuss the Columbus, Ga.-based …

Read More »
Digital Transactions