With the close of Block Inc.’s $29-billion acquisition of buy now, pay later platform Afterpay Ltd. at the end of January, the payments company installed a key component in a plan to more tightly integrate its seller and consumer businesses, Square and Cash App, according to Block’s top executives. Indeed, …
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EVO Posts Double-Digit Gains in Volume And Revenue As It Seeks Out Further M&A
EVO Payments Inc. capped off 2021 as a year of recovery from the impact of the pandemic as its top brass on Wednesday indicated the Atlanta-based processor intends to step up its hunt for acquisitions. “As we move further into 2022, we look forward to closing our acquisition in Greece …
Read More »How the Worldline-Apollo Deal Could Be a Net Positive for Ingenico
Worldline S.A.’s decision to enter negotiations to sell its Terminals, Solutions and Services unit to asset-management firm Apollo Global Management Inc. may allow the unit’s Ingenico brand to refresh its point-of-sale technology operation under the umbrella of a new owner and away from the short-term expectations of the public markets, …
Read More »With Consumer Payment Habits Changing, Enterprise Retailers Are Investing In Cloud POS Again
During the two years since the Covid-19 pandemic hit, point-of-sale technology for enterprise merchants in the United States has gone from being a low-growth channel for POS solution and hardware providers to one that now presents significant growth opportunities, according to a report from Moody’s Investor Service. Sparking the turnaround …
Read More »Amazon Comes to Terms With Visa After Dropping Its Threat to Ban Visa Cards in the U.K.
With a crucial card-acceptance market at stake, Amazon.com Inc. has reportedly struck a deal with Visa Inc. to continue taking Visa cards issued in the United Kingdom. The agreement comes nearly a month after Amazon dropped a threat to stop taking the cards and said it would negotiate with Visa. That …
Read More »As Users Seek More Choices, PayNearMe Adds PayPal And Venmo To Its Bill Pay Platform
Responding to demand from consumers and billers for digital bill-payment options, electronic billing and payment platform provider PayNearMe Inc. on Tuesday announced the addition of PayPal and Venmo to its payment options. A recent study by PayNearMe revealed that 43% of respondents rated the convenience of using PayPal to pay …
Read More »MoneyGram Will Go Private in $1.8 Billion Deal With Private-Equity Player Madison Dearborn
Money-transfer powerhouse MoneyGram International Inc. will go private later this year in a deal announced Tuesday with private-equity firm Madison Dearborn Partners LLC. Valued at $11 per common-stock share, the deal also includes assumption of $799 million in debt. Expected to close in the fourth quarter, the deal will see …
Read More »FIS’s Top Brass Looks for Big Results Among Small Sellers Following the Payrix Deal
FIS Inc.’s acquisition of Payrix Solutions LLC, announced Monday, comes as e-commerce is booming and as payments platforms are weaving payments capabilities into the software they’re selling to online merchants. The deal will also help FIS, known for its processing capabilities for enterprises, reach small and medium-size online sellers, top …
Read More »Epos Now’s New App Links U.S. Third-Party Delivery Platforms With Restaurants
With online ordering capabilities now table stakes for restaurants, Epos Now, a London-based provider of cloud-based software, announced Monday it is rolling out its Epos Now Delivery application for restaurants in the United States. The decision to launch Epos Now Delivery in the U.S. market was prompted by the massive …
Read More »Paysafe Extends Its Reach in U.S. Sports Betting With Deals in Louisiana And Oregon
The major United Kingdom-based payments processor Paysafe Ltd. has extended its reach in the U.S. sports-betting market, announcing early Monday deals to support bettors’ deposits by credit or debit card in Louisiana and Oregon. Driving Paysafe’s latest gambit in mobile sports betting includes contracts with venue-operator Caesars Entertainment Inc. and betting …
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