Shanahan to Continue to Steer CardConnect Post-FDC Acquisition

The deal is done. First Data (FDC) and CardConnect have completed their acquisition agreement. CardConnect is now a wholly-owned subsidiary of FDC and CardConnect shares will no longer be traded on the NASDAQ. CardConnect CEO Jeff Shanahan will continue to lead CardConnect operations and will serve as an Executive Vice President and as a member…

Vantiv & Chase Chases a Worldpay Play for $10B

Worldpay Group confirms it has received preliminary approaches from Vantiv and JPMorgan Chase Bank in relation to the potential acquisition of the entire issued, and to be issued, share capital of Worldpay. Any deal is expected to be valued in the US$10 billion range. The companies now have 28 days, or until August 1, to…

CardConnect to be Gobbled Up by First Data in 3Q

First Data has inked a deal acquire CardConnect for $750 million. The transaction is expected to close in the third quarter. CardConnect is a provider of payment processing and technology solutions and is one of First Data’s largest distribution partners. CardConnect processes approximately $26 billion of volume annually from about 67,000 merchant customers which are…

Credit Card Account Acquisitions Driven by Sub-Prime with Low Credit Limits

The number of new credit card accounts (those opened in the previous 24 months) rose to 88.1 million, driven in part by a 16% increase in new subprime accounts. Even with this increase, subprime accounts continue to comprise roughly one-fifth of total open accounts — equivalent to 2012 levels. According to the American Bankers Association’s…

Vantiv + Paymetric = B2B Payments Expansion & Cross-Selling Opportunities

Vantiv has inked a deal to acquire Atlanta-based Paymetric for an undisclosed amount but set to close by June 30th, pending U.S. antitrust clearance. Paymetric automates B2B payment workflows within enterprise systems, including SAP, Oracle, Hybris, Salesforce and more. Paymetric also tokenizes payments data within these systems in order to enable secure storage of customer…

Citi Unloads its Merchant Acquiring Customer Portfolio

Wirecard recently inked a deal to purchase the customer portfolio of Citi’s merchant acquiring business in 11 markets in Asia Pacific (APAC). The purchase includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. The portfolio comprises a long-standing and reputable client…

Accenture Deal Provides Integrated Customer Experiences Globally

Accenture has acquired, one of the UK’s largest independent agencies renowned for blending creativity, digital and data to develop campaigns that help brands better engage with consumers. The Karmarama acquisition strengthens the ability of Accenture Interactive, part of Accenture Digital, to create and deliver integrated customer experiences to brands in the UK and beyond. Based…

Blackhawk Network to Acquire Grass Roots Group

Blackhawk Network to Acquire Grass Roots Group

Blackhawk Network has inked a definitive agreement to acquire Grass Roots), a provider of employee and customer engagement solutions. The closing of the transaction is subject to completion of certain filings with and approval by Germany’s Bundeskartellamt. Grass Roots is headquartered in the county of Hertfordshire, United Kingdom, with offices in Europe, the Americas and…

Paysafe Inks a Deal to Acquire Income Access Group

Paysafe Inks a Deal to Acquire Income Access Group

Paysafe is expanding its product capabilities by acquiring Income Access Group, a pioneering affiliate technology business for a cash consideration of CAD$40m (approximately US$30m1). Income Access is a market-leading brand providing innovative affiliate technology for businesses to manage their performance marketing programs. In addition, more than 25,000 affiliates use the company’s multi-channel software for their…

TerraPay Closes UK-Based Pay2Global Acquisition Credit Card Spending

TerraPay Closes UK-Based Pay2Global Acquisition Credit Card Spending

TerraPay, a mobile-first international network, a company incubated by Mahindra Comviva, has completed the acquisition of UK-based Pay2Global Limited, following regulatory approvals. In an outright purchase, TerraPay has acquired 100% of Pay2Global for an undisclosed amount. Pay2Global is a regulated digital international money transfer company with passporting rights into the European Economic Area (EEA). One…

WISeKey Acquires INSIDE Secure

WISeKey Acquires INSIDE Secure

WISeKey International has entered into a binding agreement to acquire the semiconductor technology and business of INSIDE Secure, a leader in embedded security solutions for mobile and connected devices. The acquisition and technology integration will create the first ever comprehensive trusted end-to-end cybersecurity platform for people and objects (IoT). Following this acquisition, WISeKey’s cybersecurity offerings…