What do merchants, salespeople, fraudsters, and regulators have in common? They each play a part in pressuring merchant acquirers and ISOs to automate the underwriting process. In a recently released eBook, Recombo dives deep into the inner workings of an automated underwriting platform helps acquirers...
Perhaps not one of the best kept secrets, but Fleetcor this week made good on the earlier rumors, acquiring fellow B2B fleet card provider Comdata for $3.45 billion. The deal provides Fleetcor four new business segments, including B2B health care and virtual payment card services....
Spending on credit cards is back in vogue. And this time, issuers are reaping the benefits of better loan quality. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Fleetcor CEO Ronald Clark acknowledged to analysts on July 31 that that the company is in active merger-and-acquisition talks, some of which are in the “late innings.” He declined to go into any specifics, however, including whether discussions are underway to acquire rival Comdata, as...
Retail giant Nordstrom has acquired Trunk Club, a Chicago-based personal styling service for men, for an undisclosed amount. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Walmart Labs, the retail giant’s eCommerce and R&D operation, has announced the acquisition of Luvocracy—a social shopping application that essentially allows users to both check out what their friends, loved ones and enemies (insofar as one has friended their enemies on social media) are buying...
First Data has given itself a gift that it hopes will keep on giving as it pursues the valuable gift card space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Activist investor Carl Icahn is likely enjoying a banner morning somewhere on the announcement that Family Dollar has officially decided to sell out to inexpensive retail rival Dollar Tree for the not quite bargain basement price of $8.5 billion. Icahn owns a 10 percent stake...
Online baby and maternal products company BebeStore announced last week that it had completed an agreement to acquire Baby – its former rival. While financial terms of the cash transaction were not disclosed, the New York Times reported that the deal is believed to be...
