While bank M&A has been largely dominated by the fallout from one deal this year — the merger of BB&T and SunTrust Banks — the fintech space remains red hot. Three significant deals in the payments and financial service provider area have already been struck so far this year, while bank and venture capital interest…
Read more
The deal will also streamle how payments technology is packaged with other merchant services in the sales process, Woods said. “The other large companies do have components of that but they are also doing mortgage services and many other things that a bank might need,” Woods said. “We are purely a payments technology company.” Stripe…
Read more
Fiserv’s $22 billion deal to acquire First Data creates pressure to scale core banking and payment processing that may force further industry consolidation. That puts M&A bullseyes on companies like FIS, TSYS and myriad bank IT and merchant services companies. “A deal has been brewing for years and it was no secret that Fiserv has…
Read more