The global payment processing and merchant acquirer organization Payroc WorldAccess announced on Friday (April 2) that it has acquired Retriever Merchant Solutions, one of the largest independent sales organizations of FIS. The deal allows Payroc to expand its yearly payment volume to more than $33...
Chinese eCommerce giant JD.com said on Wednesday (March 31) that it had officially sold its JD Cloud and artificial intelligence (AI) business to its FinTech unit for a combined valuation of $2.4 billion, Reuters reported. The FinTech unit will issue ordinary shares to JD.com as...
Yum! Brands — which includes KFC, Pizza Hut, Taco Bell, The Habit Burger Grill and more — has acquired Tictuk Technologies to advance end-to-end, omnichannel ordering worldwide. This is Yum’s second tech acquisition and aligns with the company’s digital innovation strategy. “As we navigate a...
ByteDance stepped further into the video game world this week, with its gaming arm, Nuverse, acquiring the Shanghai games maker Moontoon Technology. According to Reuters, the acquisition values Moonton at $4 billion. The deal comes as ByteDance — which owns TikTok and its Chinese counterpart,...
The insurance company Chubb Ltd. has offered a $23.2 billion cash and stock deal to acquire its rival Hartford Financial Services Group Ltd., Reuters reported on Thursday (March 18). Hartford has said the company received a takeover bid from Chubb — which provides property and...
In the face of a growing community of investors, the online brokerage Robinhood announced on Monday (March 15) that it will double its recruiting capabilities with the addition of Binc. Founded 19 years ago, Binc is an 80-person recruiting firm that has assisted a number...
The European Commission (EC) has granted an unconditional authorization for the $9.28 billion ( €7.8 billion) acquisition of Denmark’s Nets by Italy’s Nexi, according to an EC press release on Tuesday (March 9). The EC came to the conclusion that the acquisition would not compromise competition....
FinTech startup Social Finance (SoFi) is acquiring Golden Pacific Bancorp (GPB), a community bank in Sacramento, California, for $22.3 million. “We believe that by pursuing a national bank charter, we will be able to help even more people get their money right with enhanced value...
Payments enablement firm NMI has acquired the payments solutions company USAePay to offer their joint customers more choices, NMI announced in a press release on Tuesday (Feb. 23). The acquisition will also elevate NMI’s technical capabilities and further cement its leadership position in global omnichannel...
