Saturday , November 9, 2024

Search Results for: acquisitions

How the Details Strongly Influence Merchant-Portfolio Valuations

Independent sales organizations and merchant-services salespeople considering selling all or part of their merchant portfolios have to consider more than finding the right buyer, said a panel of acquiring specialists. While some portfolio valuations might spike as high as the 40s—referring to a multiple of the net monthly processing revenue—that’s not …

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ATM Operator Cardtronics Plans To Reincorporate in the United Kingdom

For Houston-based Cardtronics Inc., Europe is the new land of opportunity, so much so that the leading ATM network owner and operator plans to “redomicile” in the United Kingdom. The move is likely to cut the company’s tax rate, possibly by half, but Cardtronics says that’s just one of several …

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Eye on Charge Volume: Pulse’s Volume Slips 15%; U.S. Bank’s Merchant Income Rises

Total charge volume on Discover Financial Services’s networks fell 5% in the first quarter thanks to a 15% drop at the Discover-owned Pulse electronic funds transfer network. But U.S. Bancorp, which owns the big merchant acquirer Elavon, says its merchant-processing revenue increased 4% due to higher transaction volumes and sales …

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Amazon Uncloaks E-Commerce Developer Payments Program

E-retailing giant Amazon.com Inc. unveiled an e-commerce developer program Monday designed to spread Amazon’s payments service across more shopping sites. Dubbed the Amazon Payments Partner Program, the invitation-only program targets e-commerce developers and platform providers to help them add a pay or Amazon log-in button to their checkout pages. Already, …

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Blackhawk Buys extrameasures and other Digital Transactions News briefs

• Prepaid card services provider Blackhawk Network Holdings Inc. acquired extrameasures LLC, a promotions and incentives firm that offers Visa-branded and private-label rewards and gift cards. The deal follows Blackhawk’s acquisitions of other incentives companies, including Parago, InteliSpend, CardLab, and Incentive Solutions.   • Prepaid card provider Green Dot Corp. …

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ExxonMobil Brings Apple Pay to the Pump

Apple Pay pulled up to the fuel pump at ExxonMobil Corp. gas stations with the release last month of Speedpass+, an iOS app that enables consumers to use Apple Inc.’s mobile-payment service to pay within the app for fuel at the pump. The app is available for Android devices. It …

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ExxonMobil’s Speedpass+ App Enables Apple Pay Transactions at the Pump

Apple Pay has pulled up to the fuel pump at ExxonMobil Corp. gas stations with the release Tuesday of Speedpass+, an iOS app that enables consumers to use Apple Inc.’s mobile-payment service to pay for gas within the app. The app also is available for Android devices. It also works …

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Despite ‘EMV Cloud,’ Cardtronics Pushes Forward With Growth Plans

Look for more ATM placements, capital spending, and possible acquisitions by leading retail ATM network owner and operator Cardtronics Inc. in 2016. The growth plan mostly conforms to the long-term strategy the company has been following in recent years, according to comments by top Cardtronics executives late Thursday. Houston-based Cardtronics …

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Eye on Acquirers: Charge Volumes and Processing Revenues Grow for Vantiv and Heartland

Two leading merchant acquirers, Vantiv Inc. and Heartland Payment Systems Inc., are reporting strong transaction growth in their most recent financials. Boosted in part by its first full year of owning Mercury Payment Systems, Symmes Township, Ohio-based Vantiv on Wednesday said its Merchant Services segment processed 19 billion transactions in 2015, …

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Green Dot Responds in Measured Tones After Fiery Investor Calls for CEO’s Firing

Prepaid card services provider Green Dot Corp. has struggled to make profits sufficiently large to keep restive shareholders at bay since it became a publicly traded company in 2010. Now one of those shareholders, Harvest Capital Strategies LLC, is calling for the ouster of company founder and chief executive Steve …

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Digital Transactions