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 global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $6 trillion in purchases in the US and deploying payments innovations to merchants and consumers. Learn more: www.electran.org.
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