Video: NCR-JetPay Acquisition Panel at TRANSACT
7-5-2019
In a marketplace increasingly defined by major mergers and acquisitions, the acquisition of JetPay by NCR was a notable one. The acquisition gave NCR payments acceptance applications with payments processing to its hardware repertoire. How did this come about and what is in store for the payments industry with this consolidation?
At this year’s TRANSACT, these questions were answered in an insightful presentation “M&A Spotlight: NCR/JetPay Acquisition,” with speakers Brian Hurdis, Senior Vice President of GM Payment Services at NCR, Diane Faro, Vice President of GM Payment Services at JetPay, and Chris Lee, CEO of BillingTree as moderator.
The trio started off by discussing how the acquisition of JetPay by NCR came about.
“NCR still didn’t really be in the payments industry and what a great opportunity,” Faro says., “One company provided the hardware, the software, everything that we needed within the industry, but totally bringing the ante and solution within the payment side and JetPay was a perfect fit.”
The panel also talked about how this acquisition reflects a pattern of consolidation occurring in the industry. “The way that merchants are following where the customer wants to do their transactions is driving a lot of the innovation,” Hurdis says, noting that this is why we are seeing, and will continue to see, so many acquisitions happening of late.
Click here to watch the full presentation. Click here to learn more about TRANSACT, and click here to learn more about other ETA events.
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.
