Home Posts tagged "merger"
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Vantiv Eyes Global Expansion, Acquires WorldPay for Nearly $10 Billion

Vantiv, the largest acquirer in the U.S. based on transaction processing volume, is now a significant global competitor as well, following the $9.9 billion dollar acquisition of UK-based WorldPay, who has over 400,000 processing clients across 146 countries. It was announced on July 5th that Vantiv would acquire global processor WorldPay for $9.9 (£7.7) billion

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First Data, North American Bancard Each Complete Major Payment Acquisitions

At the end of May, First Data announced they had reached agreement to acquire another large, publicly traded payment processor, CardConnect, for $750 million. This occurred just two weeks after the privately held North American Bancard Holdings LLC agreed to acquire Total Merchant Services Inc., for an undisclosed amount, to become the 7th largest processor

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MasterCard to Acquire NuData Security

At the end of March, MasterCard announced they had entered into an agreement to acquire NuData Security, the behavioral biometric and behavioral monitoring vendor based in Vancouver, Canada, for an undisclosed amount. A pioneer in the behavioral monitoring space, NuData offers MasterCard valuable technology and patents related to performing authentication covertly across all types of

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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

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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

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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

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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

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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,

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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

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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

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