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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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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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First Data Acquires Digital Gift Card Distributor Transaction Wireless Inc.

Less than one year after the acquisition of digital gift card platform Gyft in 2014, First Data announced the acquisition of Transaction Wireless Inc., who provides open and closed loop prepaid and store-branded digital gift card management, on July 14th. Financial terms were not disclosed for either acquisition. The acquisition of Transaction Wireless increases First

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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

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Holiday Shoppers More Likely to Use Cash and Avoid Retailers Who Suffered Breaches

The Target data breach was the story of the 2013 holiday season and several other major retailers have failed to prevent the compromise of their customers’ payment and personally identifiable information since. With this in mind, it should not be too surprising that 45 percent of cardholders responded “definitely not” or “probably not” when asked

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