Search
Get in Touch
Payments News
Search Results for: deals

Deals

Klarna Grows Again, Acquiring Close Brothers Retail Finance to Strengthen Position in UK Market

September 14 2018

“The leading payment provider Klarna Bank AB (“Klarna”) today announced that it is acquiring Close Brothers Retail Finance (“CBRF”) from leading UK merchant banking group Close Brothers Group plc (“Close Brothers”). The acquisition will significantly strengthen Klarna’s position in the UK market for retail financing and will enable accelerated growth and expansion of the consumer […]

Deals

Citigroup, Morgan Stanley’s Roadmap Shows Institutional Demand For Bitcoin is Surging

September 14 2018

> NewsBTC

“Over the past week, Citigroup and Morgan Stanley have doubled down on their plans to offer tradable instruments and products around Bitcoin. Alistair Milne, the chief information officer at Altana Digital Currency Fund, stated that the increasing interest towards cryptocurrencies as an asset class by banks and regulated financial institutions is crucial, as it demonstrates the […]

Deals

Indonesian fintech startup Moka raises $24M led by Sequoia India

September 14 2018

> TechCrunch

“Moka was started four years ago primarily as a point-of-sale (POS) terminal with some basic business functionality. Today, it claims to work with 12,500 retailers in Indonesia and its services include sales reports, inventory management, table management, loyalty programs, and more. Its primary areas of focus are retailers in the F&B, apparel and services industries.”

Deals

FIS Sells Certegy Check Services Business Unit

September 4 2018

“FIS, a global leader in financial services technology, today announced it has sold substantially all of the assets of its Certegy Check Services business unit to an affiliate of Variant Equity Advisors, LLC, a U.S.-based investment management firm focused on corporate divestiture transactions in a number of industries, including data- and technology-based organizations.”

Deals

Elavon Acquires Virginia-Based Electronic Transaction Systems

September 4 2018

“Elavon, global merchant payment processing provider and subsidiary of Minneapolis-based U.S. Bancorp, has acquired Electronic Transaction Systems (ETS), a financial technology company based in Virginia. The acquisition will allow Elavon to integrate payment processing into ETS’ software, and provide businesses a safe and easy way to access Elavon’s services.”

Deals

A $650 Million Loan Eases Diebold Nixdorf’s Financial Woes, At Least for Now

August 28 2018

> Digital Transactions News

“Shares of cash-strapped Diebold Nixdorf Inc. jumped 12% Monday morning in the wake of news from the ATM manufacturer and financial and payment software provider that it had secured a commitment for a $650 million loan, easing the liquidity problems that it had encountered in recent weeks.”

Risk

Riskified tackles credit card fraud

August 27 2018

> Globes (Israel)

“Riskified founders CEO Eido Gal and CTO Assaf Feldman told “Globes” that in a world in which the scale of credit card fraud is growing at a dizzying pace, e-commerce websites are often forced to reject credit cards because of the slightest suspicion, even if the customer is as pure as the driven snow. They […]

Companies

Paidy Announces Strategic Investment from Visa

August 24 2018

“Today, Paidy Inc. (“Paidy”), an instantly-issued post-pay credit provider, announced an investment from Visa (NYSE:V) as part of the company’s Series C funding. Paidy is Japan’s first instantly-issued post-pay credit service for ecommerce consumers. In addition, the two companies are partnering on new digital payment experiences that will give Japanese consumers more options when buying […]

Companies

Diebold Nixdorf reportedly up for grabs with NCR as possible buyer

August 14 2018

> Mobile Payments Today

“Diebold Nixdorf Inc. has engaged Credit Suisse and Evercore to advise the company on a potential sale, according to a report from CNBC quoting people “familiar with the matter.” The report said that talks are still in the early stages, and that the company is targeting NCR Corp. and private equity firms as possible buyers. However, no price has been set […]

Companies

Credit card companies to trim merchant fees, but retailers group ‘underwhelmed’

August 10 2018

> Financial Post

“Ottawa has reached voluntary, five-year deals with Visa, Mastercard and American Express that the feds expect will help small and medium-sized companies save a total of $250 million per year, says a government source familiar with today’s announcement. Starting in 2020, Visa and Mastercard will reduce the fees they collect from businesses to an average […]

Companies

US Bank to sell card processor Elan

August 9 2018

> Banking Technology

“US Bank is looking to offload its card processor business Elan, with Finastra, FIS and Fiserv believed to be in the final bid. Elan provides card processing services to 1,800+ US banks. This includes payments services, credit card issuing, prepaid card solutions and ATM and debit card processing. It also provides transaction processing, terminal driving and […]

Providers

Starling Bank Unveils Banking-as-a-Platform APIs

August 3 2018

> BankingTech

“These businesses can pick and choose individual components and features, as they use Starling’s banking licence – which means they do not need to be regulated themselves. Raisin UK is Starling’s first business client for this offer, an online savings marketplace that allows customers to pick savings deals on the market to meet their individual […]

Deals

Xero Buys Paperless Accounting Hero Hubdoc

August 2 2018

> BankingTech

“Hubdoc will help Xero bolster its machine learning models, serve customers who have no direct data connection, and increase its presence in Canada via Hubdoc’s Toronto roots. Here’s how the integration of the two technologies works: first, Hubdoc gathers financial documents from 700+ billers, extracts the financial data, and syncs the data into Xero. Then, […]

Deals

UK Leads The Way With Record $16bn Fintech Investment

July 31 2018

> BankingTech

“The UK’s fintech investment in the first half of 2018 hit a record $16 billion, ahead of $14 billion in each the Americas and China, according to KPMG’s report “The Pulse of Fintech 2018”. In the same period, investment in companies in Europe (including UK) hit $26 billion, a total of 198 deals. Some of the largest […]

Deals

Grubhub Acquires Payments And Loyalty Company LevelUp For $390M

July 25 2018

> TechCrunch

“LevelUp is based in Boston, offering a platform to manage digital ordering, payments and loyalty, with customers like KFC, Taco Bell and Bareburger. Maloney said that buying the company allows Grubhub to deepen its integration with restaurants’ point-of-sale systems. That, in turn, will allow them to handle more deliveries. At the same time, Maloney said […]

Companies

EBay Paid $573M To Buy Japanese e-Commerce Platform Qoo10, Filing Reveals

July 20 2018

> TechCrunch

“The deal underscores how eBay is at the same time pulling back from general plays while doubling down on more targeted opportunities. Earlier this year, the company gave up its stake in Flipkart  as part of its acquisition by Walmart, but at the same time committed to investing in a new, standalone eBay operation in India, using some […]

Deals

Even Raises $40M To Transform The Working Class To The Savings Class

July 19 2018

> TechCrunch

“But Even.com is increasingly focused on improving the quality of its intelligent budgeting feature. Using artificial intelligence models honed over the past few years, the company now gives users of its Even app an “Okay to spend” figure that helps them think through their cash flow. By giving a predictive figure rather than a checking account balance, […]

Companies

PayPal Leads $50M Round For PPRO, A Profitable Cross-Border Payment Specialist

July 16 2018

> TechCrunch

“PayPal is leading a $50 million investment into PPRO, a London-based business that is focused on cross-border payments for merchants, specifically by offering the merchants a seamless way of accepting payments from customers using whatever the most popular payment form happens to be in a particular country. To date, the PPRO platform covers some 140 payment methods, […]

Companies

PayPal CEO Commits To $3bn A Year In M&A Spending

July 11 2018

> BankingTech

“PayPal president and CEO Dan Schulman told a German business daily, Handelsblatt, that the spending spree the company has been on in over the past few years (five acquisitions in the past 24 months) is not slowing down yet, reports David Penn at Finovate. “We have a healthy balance sheet and we are ready to put it to work to buy […]

Deals

Stellar To Acquire Crypto Firm Chain For $500m

June 26 2018

> BankingTech

“Stellar, which is also the creator of the cryptocurrency Lumens, plans to purchase Chain for $500 million paid in Lumens (XLM) according to Fortune. Created by Ripple co-founder Jed McCaleb, Stellar Lumens is the seventh most valuable cryptocurrency. Fortune says the move is an “acqui-hire”– in other words, Stellar is more interested in acquiring Chain’s team of developers […]