Visa says it is acquiring payments protection technology firm Featurespace to boost its anti-fraud capabilities. “Since its inception out of Cambridge University’s engineering department, Featurespace has developed innovative algorithmic-based solutions to analyze transaction data and detect even the most elusive fraud cases,” the payments giant said in a news...
B2B payments firm PayMate says it plans to acquire Indonesian FinTech-as-a-Service (FaaS) company DigiAsia. The $400 million transaction, announced Tuesday (Sept. 24), will mark Mumbai-based PayMate’s launch in Indonesia, with plans for the combined company to go public in India after the deal closes. PayMate says its platform simplifies and...
Payment platform Payroc has completed its previously announced acquisition of the merchant services business of i3 Verticals. With this acquisition, which was announced in June, Payroc will provide payment solutions to a broader range of partners and merchants, the company said in a Monday (Sept. 23) press release....
Revolut’s chairman is reportedly part of a group aiming to purchase part of Banque Havilland. Martin Gilbert is among the investors in talks to buy the Monaco-based arm of the private bank, which recently lost its license because of concerns about its internal controls, Bloomberg News reported Monday (Sept. 23)....
Financial technology provider CSI acquired overdraft management software firm Velocity Solutions. “Our customers rely on us to provide the advanced tools and software that drive revenue, efficiency and cost savings,” CSI CEO and President David Culbertson said in a Wednesday (Sept. 18) news release. “Velocity’s...
Mastercard is spending $2.65 billion to acquire threat intelligence company Recorded Future. The deal, announced Thursday (Sept. 12), “bolsters the insights and intelligence used to secure today’s digital economy – in the payments ecosystem and beyond,” Mastercard said. A company news release describes Recorded Future as “the world’s largest...
Squarespace is becoming a private company, with its new owner offering a more generous deal. The website-building platform had announced plans to merge with private equity firm Permira in a $6.4 million deal. Now, Permira has sweetened the deal in a transaction worth $7.2 billion,...
Cantaloupe, a global provider of self-service commerce technology, expanded its capabilities and market reach by acquiring SB Software, a provider of vending and coffee management software solutions in the United Kingdom and Ireland. With this acquisition, Cantaloupe will integrate SB Software’s Vendmanager and Coffeemanager systems...
The future of connectivity is the future of commerce, as well as payments and financial services. And with the Thursday (Sept. 5) news that Verizon has entered into a definitive agreement to acquire Frontier,the largest pure-play fiber internet provider in the U.S., in an all-cash...
