In support of its push to tackle the U.S. Market, Optimal Payments Plc has moved to acquire California-based payment processing entity Meritus Payment Solutions (business name of TK Global Partners LP) for $210 million. The deal will be paid out in $150 million cash, and...
Monetizing a social media platform is not easy to do, but Twitter is committed to doing it. The company has confirmed the purchase of TapCommerce, and though the Twitter did not confirm the amount in its blog post about the acquisition, sources close to the...
Merchants today are free to use cash discounts and credit card surcharging to steer customers to lower-cost payment alternatives, but they actually don’t. A new Boston Fed study found that less than 2 percent of transactions typically receive discounts for using cash or debit cards...
Proving that there is more than one tech giant on the Chinese stage, Tencent Holdings Ltd., has announced that it will purchase roughly 20 percent of 58.com Inc., for approximately $736 million. 58.com is China’s answer to Craigslist. Tencent’s main business is in online games and...
The world’s largest e-retailer, Alibaba Group Holding Ltd., will list its shares on the New York Stock Exchange, further cementing the 222-year-old market’s dominance as they listing spot for technology companies. Alibaba also announced that it intends to use the ticker BABA. Alibaba will be the third-largest...
Last week Vantiv, Inc. announced that it had completed its acquisition of the payment technology firm Mercury Payment Systems, LLC. Vantiv paid $1.6 million in cash for the payments company. The move is expected to help Vantiv in its goal to strengthen and expand high-growth...
The social networking app Path announced last week that it was launching a new standalone messaging app – Path Talk – and was planning on acquiring the business messaging service TalkTo. “Path Talk has ambient status updates that let friends know when you’re traveling, when...
Ecosystems rule and one need not look further than Apple to see the powerful innovation that they can unleash. MPD CEO Karen Webster goes deep with three key stakeholders in the new Ignite Payments ecosystem designed to unleash entirely new sources of value to merchants....
Cloud-based computing pioneer Oracle is rumored to be in exclusive talks to purchase Micros Systems for approximately $5 billion, according to sources familiar with the situation reports Bloomberg. The talks are ongoing, and could still break down without an agreement being reached, but the acquisition...
