What's New in Payments

Worldline to acquire Ingenico for €7.8bn

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.”




NFC World

NXP gets $2bn takeover breakup fee from Qualcomm

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.”


What's New in Payments

PayPal ‘ready to spend $3bn a year on acquisitions’

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.”



What's New in Payments

Alibaba takes 33% stake in Alipay operator Ant Financial

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.”


What's New in Payments

Gemalto agrees to be acquired by Thales

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.”


What's New in Payments

Gemalto rejects Atos’ bid to acquire it for €4.3bn

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.”



What's New in Payments

USA Technologies to acquire Cantaloupe Systems for US$85m

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.”




Apple buys facial recognition startup

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




NFC World

STMicroelectronics to use NFC assets acquired from AMS to deliver next-generation solutions

STMicroelectronics

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


NFC World

NXP to be bought by Qualcomm in US$47bn deal

NXP

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