Payments Moves & Mergers
8-23-2017
BIllingTree has expanded its leadership team, and has appointed Bryan Schreiber as CFO. Schreiber will oversee the company’s expansion plans to spearhead growth and drive revenue in new and existing markets. In addition, Kathy Baker, ETA CPP, has been appointed director of risk and underwriting, and Steve Recchia has been hired as director of sales.
Global Payments Inc. has announced an agreement to acquire the communities and sports divisions of ACTIVE Network from Vista Equity Partners.
Ingenico, an omnichannel payments company, has acquired Bambora, a collection of companies that enable the acceptance of a variety of payment types online.
Mastercard has announced it has entered into an agreement to acquire Brighterion Inc., a software company specializing in artificial intelligence.
North American Bancard Holdings has closed on its acquisition of Total Merchant Services.
Paysafe Group has announced it expects to acquire all of the assets of Delta Card Services, the holding company for Merchants’ Choice Payment Solutions.
Stripe has acquired Payable. The acquisition was reportedly designed to make it easier for platforms and marketplaces on Stripe Connect to meet their tax reporting obligations.
PayPal has completed its acquisition of TIO Networks Corp., a cloud-based multichannel bill payment processing and receivables management provider.
B2B/B2P cross-border payments platform Transpay has expanded its leadership team, appointing Peter Shore to general manager and Kevin Gallagher to senior vice president, global sales.
British payments processing firm Worldpay Group has agreed to be acquired by Vantiv, a U.S. merchant acquirer and payments processing firm. The newly formed combined group will bring together executive leadership from both companies. Vantiv CEO Charles Drucker will serve as executive chairman and co-CEO with Worldpay CEO Philip Jansen serving as co-CEO of the combined group as well. Stephanie Ferris, current CEO of Vantiv, will serve as CFO to the combined group.
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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