Apple acquires open banking provider Credit Kudos
Apple has acquired Credit Kudos, an update to the UK-based open banking provider’s website reveals, describing the company as “a subsidiary of Apple” and confirming media reports... More
Apple has acquired Credit Kudos, an update to the UK-based open banking provider’s website reveals, describing the company as “a subsidiary of Apple” and confirming media reports... More
PARTNER NEWS: Dejamobile has been acquired by Market Pay, the France-based international payments platform founded by supermarket giant Carrefour... More
Worldline to acquire Ingenico — Worldline — “This transaction would combine two premier companies to create the world’s number four player in payment services with circa 20,000 employees in approximately 50 countries… Upon closing, the new combined group would offer best-in-class payment services to nearly 1m merchants and 1,200 financial institutions.”
Data on the latest adoption rates for contactless transactions, tokenization, transit payments and secure remote commerce has been made available by Visa CEO Al Kelly — along with details of the revenue model to be used by Plaid, which Visa is to acquire for $5.3bn... More
PARTNER NEWS: Visa has announced that it has now completed its acquisition from Rambus of the company’s payments and ticketing businesses — formerly known as Bell ID and Ecebs... More
NXP Semiconductors reports second quarter 2018 results — NXP — PARTNER NEWS — “NXP has received today notice from Qualcomm Incorporated that Qualcomm has terminated, effective immediately, the purchase agreement between NXP and an affiliate of Qualcomm following the inability to obtain the required approval for the transaction from the State Administration for Market Regulation (SAMR) of the People’s Republic of China prior to the end date stipulated by the parties under the purchase agreement. Qualcomm has notified NXP that it will pay the $2 billion in termination compensation by 9:00 am, New York City time, on July 26, 2018.”
PayPal to spend $3 billion a year on M&A — Reuters — “PayPal Holdings Inc is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2bn… ‘We have a healthy balance sheet and we are ready to put it to work to buy more companies,’ president and CEO Dan Schulman told Germany’s Handelsblatt… Paypal is ready to invest up to $3bn a year on acquisitions that enable it to acquire specific capabilities, Schulman added.”
PayPal agrees to acquire iZettle — PayPal — “Upon closing, we will gain in-store capabilities in 11 markets, near-term in-store expansion opportunities into other existing PayPal markets, and the acceleration of omnichannel commerce solutions in Australia, UK and US.”
Alibaba agrees to 33% stake in Ant Financial — Alibaba — “An equity stake in Ant Financial will bring key strategic benefits to Alibaba, including advancing its New Retail strategy with mobile payments, increasing user acquisition and retention through collaboration with the Alipay digital wallet (“Alipay Wallet”), and enhancing the execution of the international expansion… Upon closing, the companies will terminate the current profit-sharing arrangement under which Ant Financial pays royalty and technology service fees in an amount equal to 37.5% of its pre-tax profits to Alibaba.”
Thales and Gemalto create a world leader in digital security — Gemalto — “Thales and Gemalto announce today that they have reached an agreement on a recommended all-cash offer for all issued and outstanding ordinary shares of Gemalto… The Gemalto board has decided to unanimously support the transaction and recommend that Gemalto’s shareholders accept the offer and vote in favour of the resolutions relating to the offer at the upcoming extraordinary general meeting.”
Gemalto rejects unsolicited and conditional proposal by Atos — Gemalto — “Gemalto is well advanced in its transition from traditional banking and telecom smartcard markets to fast-growing government, enterprise and cybersecurity and machine-to-machine markets… The board of directors considers that the proposal significantly undervalues the company.”
Atos proposes to acquire Gemalto to create a global leader in cybersecurity, digital technologies and services — Atos — “Atos, a global leader in digital transformation, announces that it has made a formal proposal to acquire Gemalto by way of a public offer for all of Gemalto issued and outstanding shares.”
USA Technologies to acquire Cantaloupe Systems — USA Technologies — PARTNER NEWS — “USA Technologies Inc, a premier payment technology service provider of integrated cashless and mobile transactions in the self-serve retail markets, today announced that it has signed a definitive agreement to acquire Cantaloupe Systems Inc, a premier provider of cloud and mobile solutions for vending, micro markets, and office coffee service, in a transaction valued at approximately $85 million.”
PARTNER NEWS: Digital security giant Gemalto has completed the acquisition of 3M’s Identity Management Business, adding biometric technologies to its Government Programs offering... More
PARTNER NEWS: Following this week’s rebranding of Bell ID and Ecebs, both acquired by Rambus in January 2016, the general manager of the company’s Rambus Security division to which the two companies now belong has set out his vision for the division going forward... More
Apple has acquired RealFace, an Israel-based facial recognition technology startup, in a deal estimated to be “several million dollars,” Israeli financial website Calcalist reports... More
Alipay parent company Ant Financial has entered into a “definitive agreement” to acquire money transfer services provider MoneyGram for about US$880m... More
Volkswagen Financial Services AG, the financial services division of German vehicle manufacturer Volkswagen Group, has bought mobile payment platform PayByPhone to “highly increase” its involvement in mobile payments around the world and to establish a “separate business field around the theme of parking”... More
PARTNER NEWS: STMicroelectronics (ST) will use its July acquisition of NFC and RFID products, resources, technologies and intellectual property from AMS to create a new generation of high-performance NFC solutions for both mass-market and vertical-market applications, the company’s Sylvain Fidelis and Mark Dickson have told NFC World... More
PARTNER NEWS: The US$47bn acquisition of NFC pioneer NXP by mobile chip giant Qualcomm will create the “leader of secure connected devices into the next decade” and address the emerging trends of internet of things (IoT), mobile transactions, payment cards, transit, and secure identification... More