Home Posts tagged "merger"
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

Vantiv to Acquire Moneris USA for $425 Million

Vantiv, one of the largest payment processors in the U.S., will expand their merchant client-base with the acquisition of Moneris USA for $425 million from Moneris Solutions Corporation. This major acquisition comes just over four years after Vantiv acquired Litle & Co. for $361 million. Working with over 800,000 merchants and 1,400 financial institutions Vantiv

(More)…

 
Comments Off on Vantiv to Acquire Moneris USA for $425 Million.
formats

Wal-Mart’s $3.3 Billion Acquisition of Jet.com Signifies the Importance of eCommerce

Already an eCommerce, as well as brick-and-mortar, giant, Wal-Mart upped the ante on their digital commerce bet acquiring an online retailer that focuses on an optimal user experience and offers a different customer base. Many analysts say the Jet.com acquisition was geared at competing with Amazon, although it may just be part of a long-term

(More)…

 
Comments Off on Wal-Mart’s $3.3 Billion Acquisition of Jet.com Signifies the Importance of eCommerce.
formats

Visa Inc. Acquisition of Visa Europe Will Bring 3 Billion Active Cards Under Single Entity

Visa Inc., the U.S. based publicly traded organization, announced on Monday November 2nd that they would be acquiring Visa Europe Ltd., their London-based counterpart, for $23.4 billion in cash and stock. The acquisition will increase the number Visa Inc. payment card accounts by 20 percent and total payment processing volume by approximately one-third. The deal, pending

(More)…

 
formats

Dell to Acquire RSA Parent Company EMC for $67 Billion

Dell announced Monday they will be acquiring enterprise software, storage and security firm EMC in what will be the largest tech merger of all time at $67 billion. While the companies were competitors in the enterprise data server industry, EMC is also a major player in the risk space as the parent company of RSA,

(More)…

 
formats

WorldPay Chooses IPO Over Multiple Buyout Bids

After announcing plans to take WorldPay public on the London Stock Exchange, Ingenico, Wirecard AG and a private equity consortium each made offers to acquire the business. French payment company and hardware manufacturer Ingenico even secured financing for a bid, rumored to be as much as £6.6 ($10.2) billion, but WorldPay turned down this and

(More)…

 
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)…

 
© The Fraud Practice LLC 2012