Home Posts tagged "payments"
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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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Ingenico Invests in Omni-Channel with Acquisition of Think&Go NFC

Once primarily known for POS hardware, Ingenico Group greatly increased their eCommerce payment services with the late 2014 acquisition of GlobalCollect, and will now increase their omni-channel service offerings following the acquisition of Think&Go NFC, a French company that owns technology and patents for digital display screens leveraging NFC and Bluetooth Low Energy (BLE) beacons

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Amazon Acquires Indian eCommerce Payment Platform Emvantage

Amazon announced in February they would be acquiring Emvantage, an online payment gateway that processes alternative and card-based payments in India, for an undisclosed sum. The privately held startup offers a platform and technology that Amazon will leverage to develop and build out their Indian eCommerce site and payment platform. The acquisition of Emvantage benefits

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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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American Express Leverages Cardholder Online Login Information for Faster Online and Mobile Purchases with Amex Express Checkout

Following Visa Checkout and MasterPass, American Express launched their new Amex Express Checkout service in July, but doesn’t want it to be labeled a wallet. Cardholders that login to view or pay statements online can use the same user ID and password to submit payments online via PCs, mobile web browsers and mobile apps, 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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Growing Mobile Traffic Underscores Importance of Mobile Friendly Sites and Apps

According to data from comScore, 13 percent of U.S. Internet users that visited retailers online did so only using mobile devices, including both mobile web and mobile apps. Meanwhile nine out of the ten largest online retailers in North America are seeing at least one-third of their digital traffic in the mobile channel, and at

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U.S. House Members Form Congressional Payments Technology Caucus

Four members of the House of Representatives formed a bipartisan committee known as the Congressional Payments Technology Caucus (CPTC) announcing the new group on March 19th. The group’s focus is to serve as a key resource of information for any discussions on future legislation around payment-centric topics such as data security, new payment technologies and

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Get Ready for Facebook’s Foray into Payments

Facebook announced new features to their Messenger service in March allowing users to make P2P payments, but didn’t stop there. They have since announced plans to enable consumers and merchants to communicate via Facebook about purchases, known as Business on Messenger, and have started testing “Buy” buttons directly within advertisements that appear on a user’s

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