Home Posts tagged "M&A"
formats

Alibaba Spin Off to Acquire MoneyGram for $880 Million

Ant Financial Services Group, the Alibaba Group affiliate formerly known as Alipay, announced the acquisition of major money remittance company Money Gram for $880 million. While already the online payments leader in China, this acquisition would greatly increase Ant’s international and U.S. presence, with the acquisition expected to close in the second half of the

(More)…

 
Comments Off on Alibaba Spin Off to Acquire MoneyGram for $880 Million.
formats

Mitek Systems Acquires IDchecker for $10.6 Million

Mitek, who specializes in mobile onboarding and capturing solutions, announced they would be acquiring identity document verification provider IDchecker for $10.6 million. Mitek owns several patents related to mobile imaging technology used for mobile deposits and other applications for financial institutions but will now incorporate photo verification of identity and other documents following the acquisition

(More)…

 
formats

Pitney Bowes Acquirers Global eCommerce Provider Borderfree

Borderfree, a publicly traded company providing site localization, global logistics services and other solutions for eCommerce merchants that are expanding sales internationally, was acquired by global technology company Pitney Bowes for $395 million in early May. President and CEO of Pitney Bowes, Marc B. Lautenbach, stated that this acquisition “not only makes sense for our

(More)…

 
formats

Early Warning Acquires Authentify and their Multi-Factor Authentication Technology

Early Warning, the cooperative owned by five of the largest U.S. banks that provides risk management services to financial institutions and payment companies, announced their plans to acquire mobile-based authentication provider Authentify on April 7th while terms of the acquisition were not disclosed. Authentify, which provides multi-factor authentication services primarily centered on mobile devices, was a natural fit

(More)…

 
formats

Samsung Acquires Mobile Payment Technology Startup LoopPay

Samsung, one of the primary Google Wallet partners, announced in late February that they would acquire mobile contactless payment platform and wallet LoopPay, which uses a proprietary phone case or keychain fob to transmit payment information to traditional point-of-sale payment terminals using patented Magnetic Secure Transmission™ technology. Terms of the acquisition, which has potential to

(More)…

 
formats

Worldpay Acquires Multi-Channel Payment Provider SecureNet

Worldpay, the UK-based global payment provider, announced their acquisition of SecureNet in mid-November with the deal expected to close before the end of this year. SecureNet, a payment provider offering services for in-store payments, mobile point-of-sale payments and online payments, has over 17,000 merchant clients with annual processing volumes exceeding $19 billion. This marks Worldpay’s

(More)…

 
formats

FIS Acquires Clear2Pay, Possibly to Speed Up Development of Payment Network ACH Alternative

FIS Inc. announced the acquisition of Brussels-based payment technology company Clear2Pay for €375 ($493.3) million in early September. While the company announced the investment would bolster global payment capabilities and enhance enterprise payments solutions, the most interesting aspect of the acquisition may be the fact that FIS offers a real-time funds transfer service called PayNet

(More)…

 
formats

ACI Worldwide Announces Acquisition of Retail Decisions, ReD

ACI Worldwide announced their acquisition of an industry veteran fraud solution provider Retail Decisions (ReD) for $205 million in cash in late July. The acquisition will help ACI bolster their services for both merchants and financial institutions. The deal is expected to close during the third quarter. The acquisition of ReD also boltsters ACI Worldwide’s

(More)…

 
formats

Largest Grocer in U.S. Prepares to Enter eCommerce with Vitacost Acquisition

Kroger, the largest pure grocery store chain by sales in the United States, recently purchased online vitamin merchant Vitacost.com for $280 million to gain a stronger presence in internet retail as they face increased competition from the likes of Amazon, FreshDirect and others selling groceries online. At first glance, a grocery store acquiring a vitamin

(More)…

 
© The Fraud Practice LLC 2012