Visa Inc.’s net income jumped by a third in the quarter ended June 30, a period when the leading payment card network’s global transaction volume rose nearly 12% and the company completed or announced several acquisitions to broaden its franchise. Visa chairman and chief executive Alfred F. Kelly Jr. told …
Read More »Search Results for: acquisitions
Eye on Acquisitions; Humanizing Payments Part II; eProcessing’s New Card Reader
Eye on Acquisitions: InComm Acquires Meridian Loyalty; Fleetcor’s Payroll Card Move
Prepaid payments provider InComm Inc. announced the acquisition of Meridian Loyalty, an incentives provider for large corporations. Separately, Fleetcor Technologies Inc. said it will acquire Sole Financial, a payroll card provider. Atlanta-based InComm said its acquisition of St. Louis-based Meridian will boost its incentive business for corporations. Among Meridian’s specialties …
Read More »Facebook’s Libra Is Official; A New MoneyGram-Ripple Pact; Celero Commerce’s Two Acquisitions
Celero Commerce’s Two Acquisitions and other Digital Transactions News briefs from 6/18/19
Celero Commerce announced two acquisitions, those of Elmhurst Financial Services and Tandem Innovative Payment Solutions. Following the deals—financial terms were not disclosed for either—Celero will have approximately 25,000 merchants and process approximately $10 billion in annual payment volume. Payment Alliance International said it acquired ISA-ECash, an ATM operator and developer …
Read More »Under One Roof, Nxgen And Payscape Eye Expansion And Acquisitions
Payments providers Nxgen International and Payscape have come under one roof in a deal valued at $124 million and aided by investor Parthenon Capital Partners, the companies announced late last week. That will provide the impetus for both companies, whose brands will continue, to focus on expansion through organic growth …
Read More »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 …
Read More »ETA Opposes Border-Wall Tax; Integrated Payables Benefits; i3 Verticals’ $20 Million Acquisitions
i3 Verticals’ $20 Million Acquisitions and other Digital Transactions News briefs from 3/4/19
Payments company i3 Verticals Inc. announced the acquisition of two unnamed companies at a combined price of approximately $20 million. One is in the public sector and the other is in wireless Internet-service billing. Countering the impression that most users of digital-payments services skew younger, half of first-time person-to-person payment …
Read More »In the Shadow of the Fiserv-First Data Deal, FIS Ponders ‘Actionable’ Acquisitions That ‘Make Sense’
Fidelity National Information Services Inc. expects further processor mergers in the near term and isn’t averse to initiating them in cases where they fit the company’s strategy, its chairman and chief executive said Tuesday morning. “We will always look for opportunities,” said Gary Norcross, who is also president of the …
Read More »