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. A look at some of the nation’s top issuers shows improvements in not just card sales volume, but also in the size of average receivables...
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. Trunk Club offers a subscription service for men and appoints a personal stylist who picks up designer clothes for the customers based on a questionnaire and ships...
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. The payments provider will acquire Silicon Valley-based start-up Gyft, which allows users to buy, manage, redeem and send gift cards and was a...
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...
The buzz is heating-up (again) about the possibility that Apple will soon be making its entry into the wonderful world of mobile wallets. According to a report released yesterday by The Information, Apple has recently stepped up its efforts at launching its own mobile payments...
