Thursday , September 19, 2024

Search Results for: acquisitions

P2P Sizzles for PayPal, Though a Snarled Integration Delays Its Entry Into Bill Pay

PayPal Holdings Inc.’s payments juggernaut shows no signs of weakening, but the company has found its latest product integrations bedeviled by slowdowns, forcing it to postpone some expected revenue. One such integration with bill-payment specialist Paymentus Corp. is a crucial one because it will allow PayPal to enter an enormous, …

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Facebook Is Prepared for ‘However Long It Takes’ To Get Libra Approved, Zuckerberg Says

Facebook Inc. chief executive Mark Zuckerberg says his massive social-networking company is using an open process to get its proposed Libra cryptocurrency into the market and won’t roll it out until all concerns are addressed. Zuckerberg fielded questions about the controversial Libra project at the company’s second-quarter earnings conference call …

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Can New Tech And New Rules Finally Stop the Plague of Mounting Chargebacks?

Visa Inc. and Mastercard Inc. may be making significant progress in their bid to simplify and speed their aged and cumbersome chargeback processes through automation, rules changes, and some key acquisitions, experts contend. The biggest gains in chargeback efficiency are expected to come when Visa and Mastercard launch real-time communications …

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How the Global-TSYS Deal Is Different

Payments observers are tempted to think of the $21.5 billion proposed merger of Global Payments Inc. and Total System Services Inc. (TSYS), announced last month, as the latest megadeal in a series initiated in January when Fiserv Inc. said it would acquire First Data Corp. That announcement was followed by …

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Bill Ready, a Key Player in PayPal’s Rise, To Leave Company by Year’s End

PayPal Holdings Inc. announced late Thursday that its chief operating officer William J. “Bill” Ready will leave by the end of 2019 after six years with the online-payments leader. The unexpected departure of its number 2 executive cast some uncertainty over San Jose, Calif.-based PayPal. In mid-morning trading, its stock …

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Payments Companies Are Getting Pricier, Researcher Says

Note to payments-company owners: now just might be the right time to sell. Buyers in 2019 have paid more for firms in the payment-tech space since at least 2010, according to a new analysis by 451 Research of more than 1,100 deals over nearly a decade. The median price to …

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How the Global-TSYS Deal Stitches Together Major Acquiring And Issuing Assets

Payments observers are tempted to think of the $21.5 billion proposed merger of Global Payments Inc. and Total System Services Inc. (TSYS), announced Tuesday, as the latest megadeal in a series initiated in January when Fiserv Inc. said it would acquire First Data Corp. That announcement was followed by the …

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COMMENTARY: Why Visa And Mastercard Have Been on a Buying Spree

Amazon, Apple, and Microsoft each briefly enjoyed a market capitalization greater than $1 trillion. The two dominant global payment networks, Mastercard and Visa, aspire to join this august, and for the moment, memberless club. In the near term, the networks could grow on autopilot. However, inevitably diminishing retail-payments growth in …

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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 …

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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 …

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