Barclays has entered into an agreement to acquire Tesco’s retail banking business, including its credit cards, unsecured personal loans, deposits and operating infrastructure. The acquisition of Tesco Bank will be carried out by Barclays UK, the companies said in a Friday (Feb. 9) press release....
In all industries, what happens after the sale can be as critical as the initial transactions themselves. That includes the automotive industry, where cancellations and refunds of finance and insurance (F&I) products are part of the course of the normal lifecycle of interactions between consumers...
Entrust has entered into exclusive discussions to acquire Onfido. This potential acquisition would add Onfido’s cloud-based, artificial intelligence (AI)-powered identity verification (IDV) technology to Entrust’s existing portfolio of identity solutions, Entrust said in a press release emailed to PYMNTS Tuesday (Jan. 6). “We chose to enter into...
Global payments firm Payroc WorldAccess has acquired Canadian firm SterlingCard Payment Solutions. This acquisition enhances Payroc’s offerings in the Canadian market by adding Sterling’s card-present solution to its existing enterprise card-not-present and ACH/PAD capabilities, the companies said in a Tuesday (Feb. 6) press release. “We...
The founder of bankrupt co-working startup WeWork reportedly hopes to buy back the company. Adam Neumann and other investors have been trying to get information from the company since late last year so that they can put together a bid, Bloomberg News reported Tuesday (Feb. 6), citing a...
Payments technology firm Worldpay has begun life as an independent business. The company announced Thursday (Feb. 1) that former owner FIS had finalized the sale of Worldpay to private equity firm GTCR, which owns 55% of the business. “As an independent company, Worldpay is committed to bringing greater levels of value, innovation...
Branded payments provider Blackhawk Network is acquiring B2B gift card firm Tango Card. Tango established the digital-first reward experience through its application programming interface (API), coupled with its service and global content, according to a Wednesday (Jan. 31) press release. “We have been a longtime...
Ramp, a finance automation platform, acquired Venue, a procurement startup backed by Sequoia Capital. The strategic move expands Ramp’s procurement capabilities and marks an expansion for the company as it aims to tackle inefficiencies across the entire financial tech stack, the company said in a...
Citing a tough regulatory environment, Amazon has called off its $1.7 billion purchase of iRobot. The tech giant announced Monday (Jan. 29) that its agreement to purchase the robot vacuum maker — first signed in 2022 — “has no path to regulatory approval” in the European...
