First Data to Acquire BluePay for $760 Million
10-20-2017
ETA member First Data Corp. has reached a deal to acquire ETA member and payments processor BluePay for $760 million, The Wall Street Journal reported Friday morning.
According to The Wall Street Journal, First Data said it expects to close on the purchase later this year.
Boston-based private-equity firm TA Associates currently owns a majority stake in BluePay. The processor is one of First Data’s biggest distribution partners, The Wall Street Journal reports, processing $19 billion in transaction volume a year for more than 77,000 merchants.
Click here to see the The Wall Street Journal’s report.
Transaction Trends recently talked to two payments technology CEOs on the impact of merger and acquisition activity on the current industry landscape. Click here to read the full interviews.
About ETA
The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $56.75 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.
ETAs membership spans the breadth of the payments industry to include independent sales organizations (ISOs), payments networks, financial institutions, transaction processors, mobile payments products and services, payments technologies, and software providers (ISV) and hardware suppliers. For more information, visit electran.org.
Related Posts
News
INFOGRAPHIC: Tracking the Evolution of Loyalty Solutions
Loyalty programs cultivate lifelong customers. And they’ve come a long way since the days of punch cards. Modern loyalty solutions integrated mobile payments, rewards and ecommerce technology to get customers to keep coming back. For . . .
5-20-2021
learn more
News
ETA CEO Jodie Kelley: Reflections on the Past Year and Looking Ahead to the Future
By Jodie L. Kelley, CEO, ETA. As I complete my first year as CEO of ETA, I am struck by what an extraordinary year it was in so many ways. As we entered 2020, I . . .
9-28-2020
learn more
News
TSG INFOGRAPHIC: Assessing the Value of Payments Technology
Accepting digital payments costs merchants money, but the “juice is worth the squeeze,” argues payments research firm The Strawhecker Group in their latest infographic. The infographic highlights data that demonstrates the immense value merchants and . . .
7-23-2020
learn more