The megamergers of 2019 have been reshaping the payments industry. For merchant services, especially, the chessboard looks much different. Daniela Mielke, CEO of RS2 North America, weighs in on why, for incumbent players tied to legacy systems and processes, scale is not enough — not when tech...
To acquire the Bank of Ireland’s U.K. credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. consumers,...
As of Monday morning (June 28), Visa has announced it has signed a definitive acquisition agreement with Verifi. The payment tech firm offers a suite of data-enriched solutions to help merchants avoid chargebacks on card payments. Visa’s intention for the acquisition, according to a release,...
Laundry service startup Laundrapp announced that it has merged with its biggest competitor, Zipjet, to become the largest on-demand laundry service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Removing a hurdle for a large acquisition, Brussels has reportedly approved the $34 billion takeover of open-source software firm Red Hat by IBM. Antitrust officials in the European Union had considered concerns that the move could degrade service to competing products, or could reduce the...
Carsharing leader Getaround announced that it is expanding its global footprint with its $12 million acquisition of Nabobil. 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...
Digital banking and payments processing company i2c has announced that Brex, a corporate card for entrepreneurs and growing businesses, is “leveraging the i2c payment platform to power the next phase of growth and rapid innovation,” according to a release. Get the Full Story Complete the...
Mastercard and P27 Nordic Payments Platform have teamed up to provide the Nordic market with a real-time and batch payments system, according to a release by the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Trax, a global technology company based in Singapore, has acquired U.S.-based Shopkick, a rewards app that tracks customer behavior, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
