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Acquisition

News about Acquisition.

PayPal explains why it’s buying mobile wallet provider Paydiant

March 20th, 2015

“What Paydiant has is a clarity of focus on mobile and how large merchants need to utilise mobile to connect with their customers — they’re a small company doing that very successfully with some really… More

Square buys mPOS developer Kili

March 12th, 2015

Square has bought Kili Technology, the Canada-based mPOS startup that acquired NFC-on-microSD pioneer DeviceFidelity in November 2014. Together, says Square, “we’ll continue to lead the way in delivering simple and affordable hardware that gives our sellers a smarter and safer way to do business”.

Samsung Pay’s success in the US is not assured, says expert

March 2nd, 2015

Google’s recent acquisition of Softcard’s NFC payments business may hit Samsung Pay’s prospects for widespread US adoption hard, says a respected payments consultant. Commenting on Samsung Pay’s launch, Tom Noyes is enthusiastic about the system’s mechanism for wider merchant acceptance but, he writes, “even if it were ready today it will never be pre-loaded on ANY phone in the US given the recent Google/Softcard deal with all three major US MNOs.”

Samsung confirms mobile wallet ambitions with LoopPay deal

February 19th, 2015

Samsung Electronics has announced it is to buy LoopPay, the startup that has developed a way for mobile payments to be made at standard magnetic stripe card terminals. LoopPay’s technology is expected to form part… More

Mozido buys PayEase

February 10th, 2015

Mobile payments platform provider Mozido has acquired Chinese cross-border payment gateway provider PayEase with the aim of introducing its mobile payments and retail marketing solutions into the Chinese market. The move follows the company’s acquisition of mobile commerce specialist CorFire in December 2014 and a US$2.5m investment in SimplyTapp last week.

Snapchat adopts QR friending

February 3rd, 2015

Photo messaging platform Snapchat is letting users add friends to their social network by scanning Snaptags, unique QR codes assigned to each user. “Leaked emails from the Sony hack revealed SnapChat quietly acquired a QR code startup called Scan.me late last year,” TechCrunch reports. “Now it makes sense why Snapchat would want to pay $50m for Scan.me, which built a system to connect QR codes to people’s identities.”

NFC pioneer Proxama cuts jobs ahead of trading update

January 29th, 2015

UK-based mobile marketing and NFC pioneer Proxama has announced a round of redundancies at its Norwich headquarters with up to 21 people believed to be at risk of losing their jobs. The cuts were announced… More

Google in talks to buy Softcard to combat Apple Pay?

January 19th, 2015

Google is responding to the successful launch of Apple Pay by going on the mobile payments acquisition trail, according to industry rumours — and US carrier-owned NFC venture Softcard, which laid off 60 staff last week,… More

Mozido buys CorFire

December 19th, 2014

Cloud-based mobile payments platform provider Mozido has acquired the majority ownership of mobile commerce specialist CorFire, previously wholly-owned by South Korean IT services provider SK C&C. “By adding [Corfire’s] strength in NFC-enabled mobile wallets to Mozido’s extensive mobile financial services and retail marketing capabilities, we can now give merchants around the world access to a powerful mobile ecosystem,” says Mozido’s Michael Liberty.

Kili acquires NFC microSD pioneer DeviceFidelity

November 12th, 2014

NFC-on-microSD pioneer DeviceFidelity has been acquired by Kili Technology, a payments processing solution provider which launched an mPOS “solution-on-a-chip” range last month. DeviceFidelity will now operate as a subsidiary of Kili with founders Deepak Jain… More

Boku buys carrier billing rival Mopay

October 8th, 2014

Boku, the carrier billing specialist which is working with UK networks to let customers charge the cost of physical goods to their mobile phone bill, has acquired Germany-based rival Mopay. “The combined assets of the two companies will offer greater scale and operational efficiency and a more standardized carrier billing solution to the benefit of merchants, carriers and consumers alike,” Boku says.

Korea’s SK Planet buys US BLE offers platform Shopkick

September 29th, 2014

Mobile offers platform Shopkick, which is working with a number of high profile US retailers to roll out a network of Bluetooth Low Energy (BLE) beacons, has been acquired by SK Planet (SKP), operator of… More

Twitter buys Cardspring

July 18th, 2014

Twitter has acquired card-linked offers platform Cardspring for an undisclosed sum. “As we work on the future of commerce on Twitter, we are confident the CardSpring team and the technology they have built are a great fit with our philosophy regarding the best ways to bring in-the-moment commerce experiences to our users,” Twitter says.

Priceline CEO outlines its plans for OpenTable

June 16th, 2014

“In the area of mobile, there is just tremendous opportunity to enhance the end-to-end experience in both the accommodation business as well as the restaurant business by leveraging mobile as an asset,” Darren Huston, president… More

Priceline buys OpenTable for $2.6bn

June 13th, 2014

Priceline, the world’s leading accommodation booking platform, is to buy restaurant booking service OpenTable for $103 per share in an all-cash transaction valued at US$2.6billion. OpenTable, which has been testing mobile payments in San Francisco, has seated more than 125million diners worldwide while one million guests stay in accommodation booked by Priceline every night.

Mobile payments provider Powa valued at over US$2.6bn

June 12th, 2014

Mobile payments provider Powa Technologies has acquired Hong Kong-based MPayMe for US$75m and signed up Taiwan Mobile to offer its PowaTag mobile payments platform. As a result of the MPayMe deal, “Powa’s worth is now… More

Inside Secure acquires Metaforic for HCE payments

April 7th, 2014

Inside Secure has bought software obfuscation and encryption specialist Metaforic. The deal will provide “access to key technologies for enabling cloud-based mobile payments security with host card emulation” and is valued at US$11.6m plus a… More

Intel and Inside Secure agree US$19.2m NFC technology deal

April 1st, 2014

Intel is to acquire Inside Secure‘s next generation NFC modem technology in a US$19.2m deal that will also see the existing NFC licensing agreement between the two companies being converted into “a broad and fully… More

MasterCard buys C-Sam

February 24th, 2014

MasterCard has agreed to acquire NFC technology provider C-Sam. “C-Sam’s on-device application and back-end infrastructure will aid development efforts to enable consumers to use MasterPass both in-store and online across multiple communications technologies, including NFC, QR, barcodes and remote checkout,” says MasterCard. C-Sam’s NFC customers include DNP, Eftpos Australia, Isis, Starhub and TrustNordics.

Authentec sells Embedded Security Solutions division to Inside Secure

November 19th, 2012

The sale suggests that Apple’s interest in acquiring Authentec lies with the company’s innovative combined fingerprint and NFC solution, which is not part of the division being acquired by Inside Secure, and will lead to renewed speculation that Apple will include NFC in future iPhones and other devices. More

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