Wednesday , September 18, 2024

Search Results for: acquisitions

Flush With Cash

Funding is pouring into payments technology at a furious rate. Now startups and established firms alike are wondering: How long can it last, and what’s the long-term impact? If one thing is certain about the six years or so that have passed since the financial crisis, it’s that nobody can …

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Heartland’s Decision to Wind Down Leaf Throws Spotlight on Tablet Software

Merchants using Leaf, a tablet-based point-of-sale system that its owner Heartland Payment Systems Inc. is winding down, will continue to be supported, but there will be no further sales of the system, Leaf president Sarah McCrary tells Digital Transactions News. The expense and complication of supporting hardware to accept chip …

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With Its Dinerware and pcAmerica Deals, Heartland Lays out a New Direction for Leaf

Heartland Payment Systems Inc. has acquired point-of-sale system developers Dinerware Inc. and pcAmerica, both makers of restaurant point-of-sale systems, Heartland announced Friday. Terms were not disclosed. The acquisitions spurred Princeton, N.J.-based Heartland to create a dedicated business unit call Heartland Commerce, which includes Dinerware, pcAmercia, Xpient, Leaf, and Liquor POS. …

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Cardtronics Finds Banks To Fill Part of Its Chase ATM Void

Leading retail ATM network owner Cardtronics Inc. has already found banks ready to put their brands on 40% of the Cardtronics ATMs that until recently bore the JPMorgan Chase & Co. brand, chief executive Steve Rathgaber told analysts Wednesday. Chase informed Houston-based Cardtronics about three months ago that it planned …

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The Complicated World of Integrated Software

Acquiring    From ISOs to ISVs, the players that put solutions packages together for merchants are learning that working together comes with costs and benefits. The trick is figuring out which outweighs the other. Nothing like a $1.65 billion acquisition to drive home how important independent software vendors and value-add …

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POS Terminals Have a Future, And It’s Looking Good

  Mobile POS services, integrated software, and migration to the EMV standard are all influencing sales of terminals. Cast aside any preconceptions about the imminent demise of the standalone point-of-sale terminal. That venerable device, which symbolizes payments in the minds of consumers—and recurring revenue for payments professionals—is not going away …

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Behind the Acquirers’ M&A Spree

Five leading U.S. merchant processors have spent more than $5.4 billion buying other companies in the past two years. New tech and new channels have a lot to do with the shopping frenzy. Time was, when a merchant processor set out on the acquisition trail, it usually was hunting for …

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FleetCor Buying Comdata; Gift Card Business May Be On the Block

  FleetCor Technologies Inc. is buying payment processor Comdata Inc. for $3.45 billion, Norcross, Ga.-based FleetCor announced Tuesday. The deal gets FleetCor access to four businesses it is not already in, including over-the-road fleet payment services, fuel cards for national accounts, virtual payments and gift cards via Comdata’s Stored Value …

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MasterPass Now in 10 Markets Globally, Four More to Come, MasterCard CEO Tells Analysts

Top executives at MasterCard Inc. on Thursday trumpeted the card network’s gains with MasterPass, its digital wallet, and downplayed the impact of JPMorgan Chase & Co.’s ongoing conversion to Visa Inc. Introduced two years ago, MasterPass is now operating in 10 countries with “tens of thousands” of merchants and will …

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First Data Reports Improved Financials And Plans To Buy Digital Gift-Card Provider Gyft

In a busy day for First Data Corp., the leading payment processor on Wednesday reported a reduced quarterly loss and its best revenues since going private, and that it plans to buy digital gift-card services provider Gyft Inc. Thanks to recent tech-company acquisitions and moves to improve its debt-laden balance …

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Digital Transactions