December 11, 2014
This year witnessed some massive deals in the payments industry, specifically acquisitions. We reviewed some prominent deals which involved a total of $5.45 Bn being spent by the acquirers. Following are the highlights of each one of those deals:
Vantiv acquired Mercury Payment Systems
Vantiv made the acquisition in May spending around $1.65 Bn. Vantiv wanted to strengthen and expand its traditional Merchant and Financial Institutions businesses and looked at Mercury Payment Systems as a strategic partner channel for integrated payments. The deal helped accelerate Vantiv’s growth in the integrated payments space, which is expected to increase significantly over the next several years to potentially represent over 30% of total payments volume by 2017.
Ingenico acquired GlobalCollect
Ingenico made the acquisition in July spen ...