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On the heels of filing for an IPO, Marqeta has added credit cards to its open API issuing and processing platform. 
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Scoop.it!
Fiserv has acquired MerchantPro Express as part of the fintech giant's strategy to build up its merchant services business. Financial terms of the deal were not disclosed.
Vineet Anand's insight:
Fiserv's venture into merchant services business with acquisition of MerchantPro Express!
Scoop.it!
Indian-headquartered Financial Software and Systems (FSS) has acquired a 46% stake in Standard Bank's South African payment processing subsidiar
Vineet Anand's insight:
Ecentric has a new 46% stakeholder from FSS.
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First Data Corporation (NYSE: FDC) reported better-than-expected Q4 results helped by solid performance from its Global Business Solutions division. The company's stock has increased marginally in the pre-market hours after the earnings announcement.
Vineet Anand's insight:
First data reports Q4 results with 8% growth in Global Business Services YOY boosted by LATAM market growth for Clover POS. Recent purchase by Fiserv for $22 million will drive further growth in the US market which accounts for 77% of the business. Overall FD improved on its debt reducing it by ~8%!
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Private equity giant Advent International is buying a 51% stake in Argentinian payments firm Prisma Medios de Pago from a consortium of local banks and Visa International in a deal valuing the company at $1.42 billion.
Vineet Anand's insight:
Prisma Medios de Pago has a 51% stake owner in Advent!
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Vineet Anand's insight:
Vital products launch by TSYS pitting against Clover, Square, Poynt, Stripe targeted at SMB's agnostic of processor. iMobile3 acquisition aiding the product.
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It was a nasty December and fourth quarter, but transaction-processor stocks still beat the major ma
Vineet Anand's insight:
2018 Top stock gainers among the 26 payments companies was Puerto Rico-based processor Evertec Inc., whose share price jumped 110.3%; merchant processor Square Inc., up 61.8%, and ATM network operator Cardtronics plc, up 40.4%.
At the bottom of the pyramid is MG with stock falling 85% post Ant Financial's futile attempt at acquisition.
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Finextra: European payments firms Worldline and Equens are merging their processing businesses. Meanwhile, Worldline is also buying Equens' commercial acquiring unit, PaySquare, for EUR72 million in cash.
Vineet Anand's insight:
Combined processing business will create the largest pan-European financial processor employing ~3,000 employees whist managing 100 million payment cards!
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Finextra: An investment fund backed by some of Silicon Valley's biggest names, including Mark Zuckerberg and Jack Dorsey, has put money into Adyen in a deal that sees the Dutch payments processing firm valued at $2.3 billion.
Vineet Anand's insight:
Dutch unicorn Adyen scores funding from Iconiq valuing the company at $2.3billion!
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Finextra: Payments processor First Data has filed for an IPO that could be worth billions, just eight years after the company went private in one of the biggest leveraged buy-outs ever seen.
Vineet Anand's insight:
PayPal's now has a market cap of close to $50B; Can First Data IPO have a greater market cap than PayPal considering 45% of US credit card transactions are handled by FD and has six million merchants with a likely transaction size higher than PayPal's average of ~$63 across PayPal's 7 million merchant base.
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Marqeta from IPO yesterday to open API for credit card issuing and processing.