Like VocaLINK

announced 7/21/2016 via BusinessWire

MasterCard Incorporated, will acquire VocaLINK

synopsis: MasterCard Incorporated announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for approximately US$920 million. VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: VocaLINK
VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.VocaLink's platform and payment industry expertise make it easier for people to make payments securely.
price ($mm)
$924*
rev ($mm)
$240
EBITDA ($mm)
$37
EV / rev
5.1x
EV / EBITDA
33.3x
closed 9/18/2019 via BusinessWire

TSYS merged with Global Payments, Inc.,

synopsis: Global Payments Inc., a leading worldwide provider of payments technology and software solutions, announced that it has completed its merger with TSYS, a global payments provider, offering solutions across the payments spectrum — from issuer processing to prepaid program management.
buyer: Global Payments, Inc. (GPN:$3,454.43)
Global Payments develops software, and partners with providers to deliver highly competitive ecommerce and omnichannel solutions in a global economy. Their products enable customers to offer seamless payment experiences in-person, online, on device, and over the phone across a wide range of markets."
target: TSYS (TSS:$4,075.57)
Total System Services, or TSYS, is a global payments provider, offering solutions across the payments spectrum — from issuer processing to prepaid program management. They offer issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
price ($mm)[EV]
$22,142 [$26,061]
rev ($mm)
$4,076
EBITDA ($mm)
$1,192
EV / rev
6.4x
EV / EBITDA
22.0x
announced 8/1/2016 via Market Wire

BluePoint Solutions will be merged with Alogent Corporation,

synopsis: Battery Ventures, a global investment firm, has reached an agreement to acquire Bluepoint Solutions, a privately-owned, financial technology company. Bluepoint Solutions will merge with Alogent, another financial technology company acquired by Battery Ventures.
buyer parent: Battery Ventures
buyer: Alogent Corporation
Alogent is the market leader in providing solutions for deposit automation to some of the largest banks in the world. Alogent continues to forge ahead through the creation of specialized technologies and services that utilize imaging and automation to achieve proven results. "
target: BluePoint Solutions
Bluepoint Solutions provides end-to-end payment processing and content management solutions to community financial institutions. Over 1,400 credit unions and community banks nationwide have deployed its enterprise technology.
price ($mm)
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announced 6/19/2015 via New York Times

Advent International, Bain Capital, Clessidra SGR, will acquire Istituto Centrale delle Banche Popolari Italiane

synopsis: A consortium of private equity firms that includes Bain Capital, Advent International and the Italian firm Clessidra has agreed to acquire the Italian payment and clearing services company Istituto Centrale delle Banche Popolari Italiane.
buyer: Bain Capital
buyer: Advent International
buyer: Clessidra SGR
Bain Capital, LLC is a global private investment firm that manages several pools of capital. Advent International is one of the world’s leading global buyout firms. Clessidra is the leading manager of Private Equity funds exclusively dedicated to the Italian market. "
target: Istituto Centrale delle Banche Popolari Italiane
Istituto Centrale delle Banche Popolari Italiane (ICBPI) is an Italian bank specialising in payment services owned by domestic cooperative banks. ICBPI earns fees on payment, clearing and credit card services provided to Italian cooperative banks.
price ($mm)[EV]
$2,437 [$2,495]*
rev ($mm)
$490
EBITDA ($mm)
EV / rev
6.0x
EV / EBITDA
announced 12/3/2012 via BNC Analysis

Monitise plc, will acquire The Mobile Money Network

synopsis: Monitise Plc agreed to buy control of Mobile Money Network Ltd. The Mobile Money Network Ltd. develops mobile services that bring together a network of retailers, advertisers, banks and media owners to provide consumers with a simple way to discover and buy goods and services using their mobile phone.
buyer: Monitise plc (AIM:MONI:$79.40)
Monitise plc is a technology and services company delivering mobile banking, payments and commerce networks worldwide with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of services to their customers. "
target: The Mobile Money Network
The Mobile Money Network Ltd. develops mobile services that bring together a network of retailers, advertisers, banks and media owners to provide consumers with a simple way to discover and buy goods and services using their mobile phone.
price ($mm)
$28*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/23/2019 via PR Newswire

REPAY - Realtime Electronic Payments will be merged with Thunder Bridge Acquisition Ltd.,

synopsis: Repay Holdings, LLC, a leading provider of vertically-integrated payment solutions, together with its parent, Hawk Parent Holdings, LLC, and Thunder Bridge Acquisition, Ltd., a special purpose acquisition company, announced that they have entered into a definitive merger agreement.
buyer: Thunder Bridge Acquisition Ltd. (TBRG:$0.00)
Thunder Bridge Acquisition Ltd. is a newly incorporated blank check company as a Cayman Islands exempted company. This company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more. "
target parent: Hawk Holding Company, LLC
target: REPAY - Realtime Electronic Payments (RPAY:$121.04)
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers.
price ($mm)
$653
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/16/2015 via BusinessWire

CO-OP Financial Services, will acquire Everlink Payment Services, Inc.

synopsis: CO-OP Financial Services has signed an agreement to purchase from a subsidiary of Fidelity National Information Services, Inc.its shares in Everlink Payment Services, Inc., which will give CO-OP majority ownership of the Canadian payments solutions and services provider to credit unions, banks and ISOs in Canada.
buyer: CO-OP Financial Services
CO-OP Financial Services is the nation’s largest credit union service organization in terms of number of credit unions, assets and members. The company helps credit unions thrive by providing products and services that make it more convenient for members to do business with them. "
target parent: Fidelity National Financial
target: Everlink Payment Services, Inc.
Everlink provides a broad range of payments solutions, including card issuance, fraud management, ATM managed services, point-of-sale and debit payment processing primarily for credit unions.
price ($mm)
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closed 2/10/2020 via BusinessWire

REPAY - Realtime Electronic Payments, acquired Ventanex

synopsis: Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced the acquisition of Ventanex, an integrated payments solutions provider to the consumer finance and B2B healthcare verticals. Ventanex’s technology platform offers inbound and outbound omnichannel payment solutions and complex rules-based processing.
buyer: REPAY - Realtime Electronic Payments (RPAY:$121.04)
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers. "
target: Ventanex
Ventanex, founded in 2012 and headquartered in Dallas, TX, is an integrated payments solutions provider to the consumer finance and B2B healthcare verticals. Ventanex’s technology platform offers inbound and outbound omnichannel payment solutions and complex rules-based processing.
price ($mm)
$36
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/20/2017 via GlobeNewswire

Fintrax, acquired Planet Payment

synopsis: Fintrax Group, a leader in digital payment processing for international shoppers, announced it has acquired Planet Payment, Inc., a leading provider of international and multi-currency processing services.
buyer parent: Eurazeo
buyer: Fintrax
Founded in 1985, Fintrax Group is a leader in digital payment processing, providing international shoppers, merchants, partner banks and acquirers with easy, fast and reliable services. "
target: Planet Payment (PLPM:$52.98)
Planet Payment delivers secure payment processing services to leading banks and other payment services providers. The company offer banks and processors an industry-leading, secure and scalable processing platform.
price ($mm)
$257
rev ($mm)
$53
EBITDA ($mm)
$13
EV / rev
4.9x
EV / EBITDA
19.4x
announced 2/6/2017 via Company Press Release

Genpact Ltd, will purchase Item Processing Assets from Fiserv, Inc.

synopsis: Genpact, a global leader in digitally-powered BPO and services, announced that it has signed a definitive agreement with global financial services technology solutions provider Fiserv, Inc., to acquire the assets of its Australia-based Item Processing Business (IPB), which serves three of the four major retail banks in Australia.
buyer: Genpact Ltd (G:$3,274.32)
Genpact stands for “generating business impact.” They architect the Lean Digital enterprise through a unique approach that reimagines their clients’ middle and back offices to generate growth, cost efficiency, and business agility. "
seller: Fiserv, Inc. (FISV:$10,187.00)
The acquisition includes the Item Processing Assets of Fiserv Australia. The item Processing Business comprises the business that develops check imaging and electronic clearing software solutions and offers outsourced item processing and clearing services.
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closed 3/11/2013 via BusinessWire

ACI Worldwide, acquired Online Resources Corporation

synopsis: ACI Worldwide announced it has completed the acquisition of Online Resources Corporation, a leading provider of online banking and full service bill pay solutions. The acquisition adds Electronic Bill Presentment and Payment (EBPP) solutions as a strategic part of ACI’s Universal Payments portfolio and strengthens its online banking capabilities.
buyer: ACI Worldwide (ACIW:$1,006.33)
ACI Worldwide powers electronic payments and banking for more than 1,650 financial institutions, retailers and processors around the world. ACI software enables $12 trillion in payments each day, processing transactions for 14 of the leading global retailers, and 24 of the world’s 25 largest banks. "
target: Online Resources Corporation (ORCC:$154.68)
Online Resources powers financial interactions between millions of consumers and the company’s financial institution and biller clients. The company provides web and phone-based financial services, electronic payments and marketing services to drive consumer adoption.
price ($mm)[EV]
$133 [$110]
rev ($mm)
$162
EBITDA ($mm)
$28
EV / rev
1.5x
EV / EBITDA
8.3x
closed 1/9/2013 via GlobeNewswire

Euronet Worldwide, Inc., acquired Pure Commerce

synopsis: Euronet Worldwide, Inc. a leading global electronic payments provider and distributor, announced the acquisition of Pure Commerce, a fast-growing provider of cloud-based financial and payment solutions to banks, acquirers and global retailers around the world.
buyer: Euronet Worldwide, Inc. (EEFT:$2,491.89)
Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. "
target: Pure Commerce
Pure Commerce provides on-demand financial and payment solutions to banks, acquirers and multi-national corporates. Established in 1997, Pure Commerce has a proven track record of successfully developing and deploying many innovative payment solutions across the globe.
price ($mm)
$31
rev ($mm)
$15
EBITDA ($mm)
EV / rev
4.2x
EV / EBITDA
announced 7/2/2012 via Reuters

Cielo S.A., will acquire Merchant e-Solutions, Inc.

synopsis: Brazil's Cielo said it will buy U.S. payment solutions provider Merchant e-Solutions for $670 million to enable the South American country's largest card payment processor to settle more online transactions.
buyer: Cielo S.A.
Cielo S.A. is the leading merchant acquirer and payment processor in Brazil, engaged in merchant affiliations, management of the card acceptance network, as well as the capture, transmission, processing and settlement of credit and debit card transactions. "
target: Merchant e-Solutions, Inc.
Merchant e-Solutions, Inc., an Internet-based e-commerce company, provides payment solutions for financial institutions and merchants. It offers Internet-based global platform for on-line and card-not-present transactions; in-person payments, as well as from a selection of dial and IP POS terminals.
price ($mm)[EV]
$670 [$614]
rev ($mm)
$124
EBITDA ($mm)
$56
EV / rev
5.0x
EV / EBITDA
11.0x
closed 5/29/2020 via Company Press Release

Catalyst Corporate Federal Credit Union, acquired Aptys Solutions

synopsis: Catalyst Corporate has acquired Aptys Solutions, the leading provider of real-time processing and electronic payments solutions for correspondent service providers. The acquisition of Aptys Solutions’ consolidated payments platform positions Catalyst Corporate to be the premier provider of end-to-end, multi-channel payments for credit unions.
buyer: Catalyst Corporate Federal Credit Union
Catalyst Corporate is a wholesale cooperative financial institution that serves more than 1,400 member and client credit unions. Catalyst Corporate provides its members with core financial services and back-office support, including payment solutions, liquidity, investment options, and more. "
target: Aptys Solutions
Aptys Solutions provides electronic payment services to financial institutions worldwide. Aptys’ PayLOGICS suite of products provide origination, processing, and fraud tools for check, Automated Clearing House, and wire payments.
price ($mm)
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announced 12/16/2008 via BusinessWire

Fiserv, Inc., will acquire i_Tech Corporation

synopsis: Fiserv, Inc., a leading provider of information technology services to the financial industry, announced it agreed to acquire i_Tech Corporation, a provider of outsourced account and payment processing services, from First Interstate BancSystem Inc., a multi-state, $6 billion banking organization headquartered in Billings, Montana.
buyer: Fiserv, Inc. (FISV:$10,187.00)
Fiserv, Inc. provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing software and systems solutions. "
target parent: First Interstate BancSystem Inc.
target: i_Tech Corporation
i_Tech Corporation is a regional data processing company, providing data technology and item processing services to 158 financial institutions throughout Montana, Wyoming, South Dakota, North Dakota, Colorado, Idaho, Oregon, Washington, Iowa, Wisconsin, Nebraska, Illinois and Minnesota.
price ($mm)
$41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/20/2008 via BusinessWire

FrontStream Payments, Inc., acquired Direct Technology Innovations

synopsis: FrontStream Payments, Inc. a leading provider of payment solutions to small and medium-sized businesses, announced the acquisition of Direct Technology Innovations. DTI is a recognized industry leader in providing advanced technology solutions and services.
buyer: FrontStream Payments, Inc.
FrontStream Payments is a leading provider of payments products and services to small and medium-sized businesses and independent credit card sales organizations. Offerings include turnkey solutions that enable merchants to increase revenues through the acceptance of credit and debit cards. "
target: Direct Technology Innovations
Direct Technology Innovations (DTI) is an Independent Sales Organization(ISO)/Member Service Provider(MSP) for the First National Bank of Omaha, NE; JP Morgan Chase Bank, New York, NY; Fleet Bank, Providence, RI; Wells Fargo Bank, N.A., Walnut Creek, CA; and Best Payment Solutions.
price ($mm)
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announced 10/29/2009 via PR Newswire

Jack Henry & Associates, Inc., will acquire PEMCO Technologies

synopsis: Jack Henry & Associates, Inc, a leading provider of integrated technology solutions and data processing services for financial institutions, announced the acquisition of Washington-based Pemco Technologies, one of the nation's leading providers of payment processing solutions primarily for the credit union industry.
buyer: Jack Henry & Associates, Inc. (JKHY:$1,603.24)
Jack Henry & Associates is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions are marketed and supported through three primary brands: Jack Henry Banking, Symitar and ProfitStars. "
target parent: PEMCO Mutual Insurance Company
target: PEMCO Technologies
Pemco Technologies provides innovative payment solutions to the financial industry including credit signature processing, debit signature processing, PIN-based processing, and ATM services including one of the largest surcharge-free ATM networks.
price ($mm)[EV]
$56 [$54]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/13/2019 via BusinessWire

EML Payments, will acquire Prepaid Financial Services

synopsis: Prepaid Financial Services Ireland Limited (PFS), a Dual Regulated FinTech that delivers robust payment technology solutions, has entered into a binding agreement to sell 100% of the share capital of the company to EML payments Ltd, a global provider of payment solutions headquartered in Australia.
buyer: EML Payments (ASX:EML:$66.36)
Australia-based EML is a global provider of payment solutions. The company offers innovative financial technology that provides solutions for payouts, gifts, incentives and rewards, and supplier payments. EML also issues mobile, virtual, and physical card solutions for the largest corporate brands. "
target: Prepaid Financial Services
UK-based PFS is an agile and Dual Regulated FinTech that delivers robust payment technology solutions and offers world-class innovation in electronic money. PFS’ award-winning solutions include ewallets, physical and virtual prepaid cards, and IBAN accounts in the UK and Eurozone.
price ($mm)
$289
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/29/2008 via BusinessWire

Intuit, Inc., acquired Electronic Clearing House, Inc.

synopsis: Intuit Inc. completed its acquisition of Electronic Clearing House Inc, or ECHO. ECHO is a leading provider of electronic payment processing solutions, including check conversion, automated clearing house capabilities, or ACH, as well as check verification, guarantee services, collection, and debit card and credit card processing.
buyer: Intuit, Inc. (INTU:$6,857.00)
Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, simplify small business management and payroll processing, personal finance, and tax preparation and filing. "
target: Electronic Clearing House, Inc.
Electronic Clearing House Inc. (ECHO) provides a complete solution for the payment processing needs of merchants, banks and collection agencies. ECHO’s services include debit and credit card processing, check guarantee, check verification, check conversion, check re-presentment and check collection.
price ($mm)[EV]
$126 [$135]
rev ($mm)
$77
EBITDA ($mm)
$5
EV / rev
1.8x
EV / EBITDA
29.8x
closed 11/10/2005 via BusinessWire

First Data Corporation, acquired Austrian Payment System Services GmbH

synopsis: First Data Corporation, a global leader in electronic commerce and payment services, announced today that it has completed the acquisition of Austrian Payment Systems Services GmbH (APSS), Austria's leading processor of cashless, card-based payment transactions.
buyer: First Data Corporation (FDC:$8,679.00)
First Data Corp. is a leading provider of electronic commerce and payment solutions for businesses worldwide. First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. "
target: Austrian Payment System Services GmbH
Austrian Payment System Services GmbH (APSS), a leading provider of card-based cashless payments with more than twenty years experience, is a full-service provider, offering a complete range of payment transaction services- from acquiring and issuing processing to service-centre tasks.
price ($mm)
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announced 7/21/2016 via BusinessWire

MasterCard Incorporated, will acquire VocaLINK

synopsis: MasterCard Incorporated announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for approximately US$920 million. VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: VocaLINK
VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.VocaLink's platform and payment industry expertise make it easier for people to make payments securely.
price ($mm)
$924*
rev ($mm)
$240
EBITDA ($mm)
$37
EV / rev
5.1x
EV / EBITDA
33.3x
announced 6/23/2020 via BusinessWire

MasterCard Incorporated, will acquire Finicity

synopsis: Mastercard announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. Through its real-time financial data aggregation and insights platform, Finicity provides solutions for financial management, payments and credit decisioning.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard's global payments processing network connects consumers, financial institutions, merchants, governments, and businesses in more than 210 countries and territories. "
target: Finicity
Finicity enables a financial data-sharing ecosystem that is secure, inclusive and innovative. Through its real-time financial data aggregation and insights platform, Finicity provides solutions for financial management, payments and credit decisioning.
price ($mm)
$825
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/23/2019 via BusinessWire

MasterCard Incorporated, will acquire RiskRecon

synopsis: Mastercard has agreed to acquire RiskRecon, a provider of AI and data analytics solutions to support companies in protecting their cyber systems and infrastructure. In addition to supporting Mastercard solutions, RiskRecon will continue to provide cybersecurity solutions across a broader set of industries, including healthcare and manufacturing.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard's global payments processing network connects consumers, financial institutions, merchants, governments, and businesses in more than 210 countries and territories. "
target: RiskRecon
RiskRecon is a leading provider of artificial intelligence and data analytics solutions to support companies in protecting their cyber systems and infrastructure. With RiskRecon’s pioneering scanning and evaluation technologies, organizations can proactively manage cyber risks.
price ($mm)
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announced 10/22/2019 via BusinessWire

MasterCard Incorporated, will acquire SessionM

synopsis: Mastercard announced it has entered into an agreement to acquire SessionM, a customer engagement and loyalty platform empowering the world’s most innovative brands to forge stronger and more profitable customer relationships. The platform scales for the enterprise, globally.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: SessionM
SessionM is a customer engagement and loyalty platform empowering the world’s most innovative brands to forge stronger and more profitable customer relationships. The platform scales for the enterprise, globally. SessionM is headquartered in Boston with offices around the globe.
price ($mm)
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announced 8/6/2019 via BusinessWire

MasterCard Incorporated, will purchase Corporate Services Businesses from Nets Holding A/S

synopsis: Mastercard announced it has entered into an agreement to acquire the majority of the Corporate Services businesses of Nets, a leading European PayTech company. The acquisition comprises the clearing and instant payment services, and e-billing solutions of Nets’ Corporate Services business.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
seller: Nets Holding A/S
The deal includes the Corporate Services businesses of Nets, a leading European PayTech company. The acquisition comprises the clearing and instant payment services, and e-billing solutions of Nets’ Corporate Services business.
price ($mm)
$3,190
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/3/2019 via BusinessWire

MasterCard Incorporated, will acquire Transactis, Inc.

synopsis: Mastercard, an American multinational financial services corporation, announced it has entered into an agreement to acquire Transactis, a platform that helps businesses deliver bills and receive payments through one simple-to-navigate experience.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: Transactis, Inc.
Transactis transforms traditional billing and payment processing with innovative, reliable, and secure digital solutions. Its advanced technology simplifies receivables management, and is delivered to market through banks and service providers that support millions of businesses.
price ($mm)
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closed 4/16/2019 via Market Watch

MasterCard Incorporated, acquired Vyze

synopsis: Mastercard has acquired Vyze, a leading cloud-based financial technology company for businesses. By combining technology, a comprehensive lending supply, and support under one roof, Vyze is able to deliver businesses simpler, more satisfying financing experiences for their customers, wherever and whenever they shop.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target:
price ($mm)
rev ($mm)
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announced 3/12/2019 via BusinessWire

MasterCard Incorporated, will acquire Ethoca

synopsis: Mastercard announced it has entered into an agreement to acquire Ethoca, a global provider of technology solutions that help merchants and card issuers collaborate in real-time to quickly identify and resolve fraud in digital commerce.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: Ethoca
Ethoca is the leading, global provider of collaboration-based technology that enables card issuers, ecommerce merchants and online businesses to increase card acceptance, stop more fraud, recover lost revenue and eliminate chargebacks from both fraud and customer service disputes.
price ($mm)
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closed 7/9/2019 via BusinessWire

MasterCard Incorporated, acquired Transfast

synopsis: Mastercard, a technology company in the global payments industry, has acquired Transfast, a global cross-border account-to-account money transfer network. Transfast will enable Mastercard to continue servicing the growing needs of consumers and businesses as well as governments and merchants in cross-border transactions.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: Transfast
Transfast is a global cross-border account-to-account money transfer network. Transfast's proprietary payment network enables person-to-person, business-to-person and business-to-business payments services to their partners via APIs, SFTP, web and mobile product applications.
price ($mm)
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announced 7/17/2017 via BusinessWire

MasterCard Incorporated, will acquire Brighterion, Inc.

synopsis: Mastercard announced it has entered into an agreement to acquire Brighterion, Inc., a company that offers the world’s deepest and broadest portfolio of artificial intelligence and machine learning technologies, providing real-time intelligence from all data sources regardless of type, complexity and volume.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: Brighterion, Inc.
Brighterion offers the world’s deepest and broadest portfolio of artificial intelligence and machine learning technologies, providing real-time intelligence from all data sources regardless of type, complexity and volume.
price ($mm)
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announced 3/29/2017 via BusinessWire

MasterCard Incorporated, will acquire NuData Security

synopsis: Mastercard announced it has entered into an agreement to acquire NuData Security, a global technology company that helps businesses prevent online and mobile fraud using session and biometric indicators. NuData’s flagship NuDetect product identifies authentic users from fraudsters based on their online, mobile app and smartphone interactions.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: NuData Security
NuData Security is an award-winning passive biometrics and behavioral analytics company. Their flagship product, NuDetect, helps organizations form digital trust by identifying users based on their online interactions - behavior that can't be mimicked or replicated by a third party.
price ($mm)
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announced 7/21/2016 via BusinessWire

MasterCard Incorporated, will acquire VocaLINK

synopsis: MasterCard Incorporated announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for approximately US$920 million. VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: VocaLINK
VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.VocaLink's platform and payment industry expertise make it easier for people to make payments securely.
price ($mm)
$924*
rev ($mm)
$240
EBITDA ($mm)
$37
EV / rev
5.1x
EV / EBITDA
33.3x
announced 4/27/2015 via BusinessWire

MasterCard Incorporated, will acquire Applied Predictive Technologies

synopsis: MasterCard announced that it has entered into an agreement to acquire Applied Predictive Technologies (APT). Applied Predictive Technologies is a leading cloud-based analytics provider. APT’s Test & Learn® platform helps companies tailor investments and maximize bottom-line impact by harnessing analytics.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: Applied Predictive Technologies
Applied Predictive Technologies is a leading cloud-based analytics provider. APT’s Test & Learn® platform helps companies tailor investments and maximize bottom-line impact by harnessing analytics to design, measure and calibrate marketing, merchandising, operations and capital initiatives.
price ($mm)
$600
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/6/2014 via BusinessWire

DataCash Group plc, will purchase Payment Gateway Services business from TNS, Inc.

synopsis: MasterCard announced it has entered into an agreement to acquire the Payment Gateway Services business of Transaction Network Services (TNS). The business has a broad portfolio of solutions that includes secure and resilient transaction delivery services. The business will join DataCash in expanding MasterCard’s global payment gateway solutions.
buyer parent: MasterCard Incorporated
buyer: DataCash Group plc (GB:DATA:$0.00)
DataCash has a single interface that allows organisations to process secure, multi-channel payments anywhere in the world. DataCash provides integrated measures to minimise an organisations exposure to fraud without unduly affecting the experience they are able to offer their customers. "
seller parent: Siris Capital Group
seller: TNS, Inc. (TNS:$474.82)
TNS' Payment Gateway Services business portfolio of solutions includes secure and resilient transaction delivery services, used by many of the top banks, transaction processors, and ATM deployers around the world. Transaction Network Services (TNS) is an international data communications company.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/4/2014 via BusinessWire

MasterCard Advisors, acquired 5one Marketing Limited

synopsis: MasterCard announced it has acquired 5one Marketing Limited, a global consultancy providing services, analysis and software to help retailers manage and grow their businesses. The company will be integrated into MasterCard Advisors, the professional services arm of MasterCard.
buyer parent: MasterCard Incorporated
buyer: MasterCard Advisors
MasterCard Advisors provides payments consulting, information, analytics, and customized services to financial institutions and their merchant partners worldwide. MasterCard Advisors helps clients maximize the value of their payments businesses. "
target parent: LaSer Group
target: 5one Marketing Limited
5one Marketing Limited is a global consultancy providing services, analysis and software to help retailers manage and grow their businesses. 5one enables swift implementation by customizing proven techniques to accelerate internal cross-functional alignment and external vendor partner collaboration.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/19/2014 via BusinessWire

MasterCard Incorporated, will acquire ElectraCard Services

synopsis: MasterCard announced that it has entered into an agreement with Opus Software Solutions Pvt. Ltd., to acquire its subsidiary, ElectraCard Services Private Limited, a leading global provider of software solutions and processing services for electronic payment and card systems.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. "
target parent: Opus Software Solutions
target: ElectraCard Services
ElectraCard Services (ECS), headquartered in Pune, India is a leading provider of software products and processing services for electronic payments. Its customer base includes financial institutions, retailers and telcos in over 25 countries globally.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/17/2014 via BusinessWire

MasterCard Incorporated, will acquire Pinpoint Pty. Ltd.

synopsis: MasterCard announced that it has entered into an agreement to acquire Pinpoint Pty. Ltd., a leading provider of loyalty and rewards services to financial institutions across the Asia Pacific region.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. "
target: Pinpoint Pty. Ltd.
Pinpoint, which was founded in 1984 and headquartered in Sydney, is Australia’s leading rewards program manager, with a growing footprint across the region into key markets such as China, Hong Kong, India, Taiwan and Japan. Its customer base includes financial institutions and merchants.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/24/2014 via BusinessWire

MasterCard Incorporated, will acquire C-SAM, Inc.

synopsis: MasterCard announced it has entered into an agreement to acquire C-SAM, Inc., a leading provider of mobile wallet and on-device software and services. In acquiring C-SAM, MasterCard will speed the development and deployment of mobile wallets and payment solutions globally, including the rollout of its MasterPass™ digital service.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. "
target: C-SAM, Inc.
C-SAM, Inc. provides mobile payment technology solutions. C-SAM, Inc. is a pioneer in secure mobile transactions technology. The company provides turnkey services to carriers, banks, merchants, settlement networks, healthcare providers, and large infrastructure providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/6/2012 via BusinessWire

MasterCard Incorporated, acquired Truaxis, Inc.

synopsis: MasterCard announced the acquisition of Truaxis, Inc., a Silicon Valley, California-based provider of relevant credit and debit card-linked offers to consumers through merchants and financial institutions. The integration of the Truaxis platform with the MasterCard network will allow for real-time offer delivery coupled with advanced analytics.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. "
target: Truaxis, Inc.
Truaxis, Inc. provides loyalty rewards and personalized statement solutions. The company’s StatementRewards enables financial institutions and merchants to deliver data-driven personalization services to their customers directly within the bank statement.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/22/2010 via

MasterCard Incorporated, acquired DataCash Group plc

synopsis: MasterCard Incorporated announced that it has acquired DataCash Group plc, a European payment service provider, at a price of 360 pence per share in cash, representing approximately £333 million (US$520 million) in aggregate.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants. MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis. "
target: DataCash Group plc
DataCash has a single interface that allows organisations to process secure, multi-channel payments anywhere in the world. DataCash provides integrated measures to minimise an organisations exposure to fraud without unduly affecting the experience they are able to offer their customers.
price ($mm)[EV]
$520 [$489]
rev ($mm)
$59
EBITDA ($mm)
$27
EV / rev
8.2x
EV / EBITDA
18.0x
closed 10/14/2009 via BusinessWire

Corporate Executive Board, acquired The Tower Group

synopsis: The Corporate Executive Board has announced the acquisition of TowerGroup, a leading financial services industry research and advisory firm. The combined organization will deepen the Corporate Executive Board’s financial services footprint in several of its target domain areas – most notably in technology and sales and marketing.
buyer: Corporate Executive Board (CEB:$938.58)
The Corporate Executive Board is the premier, network-based knowledge resource, providing the world's leading executives with the authoritative and timely guidance needed to excel in their roles, take decisive action and improve company performance. "
target parent: MasterCard Incorporated
target: The Tower Group
TowerGroup is the leading research and advisory services firm focused exclusively on the financial services industry. TowerGroup brings many of the world’s leading financial institutions a deeper understanding of the business and technology issues impacting their organizations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/21/2016 via BusinessWire

MasterCard Incorporated, will acquire VocaLINK

synopsis: MasterCard Incorporated announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for approximately US$920 million. VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.
buyer: MasterCard Incorporated (MA:$17,003.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
target: VocaLINK
VocaLink is a global payments partner to banks, corporate and governments. It designs, builds and operates world-class payment systems.VocaLink's platform and payment industry expertise make it easier for people to make payments securely.
price ($mm)
$924*
rev ($mm)
$240
EBITDA ($mm)
$37
EV / rev
5.1x
EV / EBITDA
33.3x
closed 2/11/2010 via Company Press Release

Barclays PLC, purchased Italian Credit Card Business from Citi

synopsis: Barclays has agreed to acquire the Italian credit card business of Citibank International Bank plc. Over time, Barclays intends to rebrand the acquired credit cards with its global Barclaycard brand.
buyer: Barclays PLC (LSE:BARC:$25,009.44)
Barclays is a major global financial services provider engaged in retail and corporate banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the Americas, Africa and Asia. "
seller: Citi (C:$63,902.00)
Citi is the most complete financial partner to corporations, financial institutions, institutional investors and governments in the world. Citi also provides a broad range of financial products and services to individuals through brand names including Citi Smith Barney, Citibank, and Banamex.
price ($mm)
$295
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/29/2012 via BNC Analysis

Svea Ekonomi AB, acquired Payson AB

synopsis: Svea Finance AB acquires payment company Payson AB strengthening its position in e-commerce further. Payson has become a well known payment solution on the Internet and one of Sweden's leading providers of payment solutions.
buyer: Svea Ekonomi AB
Svea Ekonomi AB offers customized solutions within the fields of debt recovery, financing and sales ledger administration. "
target: Payson AB
Payson is Sweden's leading person-to-person payments company. For business, they provide sophisticated payment solutions with no fixed charges.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2009 via BusinessWire

Elavon, purchased Merchant Card Processing Business from MB Financial Bank, N.A.

synopsis: Financial holding company MB Financial Inc said it sold its merchant card processing business to Elavon, a wholly owned unit of U.S. Bancorp.
buyer parent: U.S. Bancorp
buyer: Elavon
Elavon provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada and Puerto Rico. Solutions include credit and debit card processing, electronic check services, gift cards, multi-currency support, and cross-border acquiring. "
seller: MB Financial Bank, N.A. (MBFI:$518.69)
With over $8 billion in assets, MB Financial, Inc. has grown substantially over the past several years. MB Financial, Inc. is the Chicago-based holding company for MB Financial Bank in Chicago.
price ($mm)
$10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/11/2009 via BusinessWire

Pipeline Data Inc., acquired PayPassage, Inc.

synopsis: Pipeline Data Inc., a leading provider of merchant payment processing services, announced that it has completed the acquisition of PayPassage, Inc. PayPassage is a full service credit card processing solution offered to U.S. merchants in the retail, wholesale, mail/phone order, commercial and e-commerce space.
buyer: Pipeline Data Inc. (PPDA.OB:$0.00)
Pipeline Data Inc. provides integrated transaction processing services for all major credit cards. The Company offers card processing services in three key areas: wireless mobile payments, e-commerce solutions and retail merchant payments. "
target: PayPassage, Inc.
PayPassage is a full service credit card processing solution offered to U.S. merchants in the retail, wholesale, mail/phone order, commercial and e-commerce space.
price ($mm)
$2.48
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/24/2007 via BusinessWire

Kohlberg Kravis Roberts & Co., acquired First Data Corporation

synopsis: First Data Corporation, a global leader in electronic commerce and payments solutions, announced the completion of its acquisition by affiliates of Kohlberg Kravis Roberts & Co. Under the terms of the merger agreement, the company's stockholders will receive $34 per share in cash.
buyer: Kohlberg Kravis Roberts & Co. (KKR:$698.58)
Kohlberg Kravis Roberts & Co. is an investment firm that makes a wide variety of private equity investments on behalf of itself and its investors. KKR has completed more than 100 transactions involving over $100 billion of total financing. KKR has offices in New York, Menlo Park and London. "
target: First Data Corporation (FDC:$8,679.00)
First Data Corp. is a leading provider of electronic commerce and payment solutions for businesses worldwide. First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment.
price ($mm)[EV]
$25,666 [$27,040]
rev ($mm)
$7,277
EBITDA ($mm)
$2,073
EV / rev
3.8x
EV / EBITDA
13.4x
closed 6/13/2006 via BusinessWire

First Data Corporation, acquired GZS Gesellschaft fur Zahlungssysteme mbH

synopsis: First Data International, a leader in electronic commerce and payment services around the world, has completed the acquisition of GZS Gesellschaft fur Zahlungssysteme mbH, Germany's leading processor of cashless, card-based payment transactions.
buyer: First Data Corporation (FDC:$8,679.00)
First Data Corp. is a leading provider of electronic commerce and payment solutions for businesses worldwide. First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. "
target: GZS Gesellschaft fur Zahlungssysteme mbH
As leading service provider in the German speaking region, GZS Group arranges for the professional processing of cashless and card-based payments and offers innovative services in the area of intelligent transaction processing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/22/2005 via BusinessWire

Pipeline Data Inc., acquired Charge.com, Inc.

synopsis: Pipeline Data Inc. ("Pipeline") announced today that it has completed a $15 million debt financing arrangement led by Sheridan Capital Advisors, LLC. The proceeds from the financing have enabled Pipeline to complete its acquisition of Charge.com, Inc.
buyer: Pipeline Data Inc. (PPDA.OB:$0.00)
Pipeline Data Inc. provides integrated transaction processing services for all major credit cards. The Company offers card processing services in three key areas: wireless mobile payments, e-commerce solutions and retail merchant payments. "
target: Charge.com, Inc.
Charge.com has developed a comprehensive Internet-based sales organization which produced approximately 500 new merchant accounts per month in 2004. The company has experienced earnings growth in excess of 30% in each of the last three years.
price ($mm)
$17
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2005 via Company Press Release

eFunds Corporation, acquired WildCard Systems, Inc.

synopsis: eFunds Corporation, a leading provider of risk management, electronic payments and global outsourcing solutions announced today that it has completed the acquisition of WildCard Systems, Inc.
buyer: eFunds Corporation
eFunds Corporation provides risk management, electronic payment, and outsourcing solutions worldwide. It operates in three segments: US Payments, US Risk Management, and International. "
target: WildCard Systems, Inc.
WildCard Systems is the global solutions leader in turnkey host based prepaid cards and custom stored-value products. The company offers an array of commercial and consumer stored-value products that are made available to end-users through banks and commercial clients. WildCard Systems is certified
price ($mm)
$288
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/2/2020 via Yahoo, Inc.

zipMoney Limited, acquired QuadPay

synopsis: Zip has acquired US-based company QuadPay. a leading, high-growth U.S. installment provider that is disrupting the traditional credit card industry. QuadPay’s mission is to give savvy shoppers more freedom and flexibility with the option to pay in four interest-free installments over six weeks.
buyer: zipMoney Limited (ASX:ZML:$81.10)
zipMoney is the next generation in financial services providing innovative credit and payment solutions to the online retail sector. They employ the latest tools in fraud prevention, risk management and social scoring to deliver real-time underwriting. "
target: QuadPay
Launched in 2017, QuadPay is a leading, high-growth U.S. installment provider that is disrupting the traditional credit card industry. QuadPay’s mission is to give savvy shoppers more freedom and flexibility with the option to pay in four interest-free installments over six weeks.
price ($mm)
$269
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/23/2020 via PR Web

Payroc, acquired Gateway Payments, LLC

synopsis: Payroc, LLC, a high-growth merchant acquirer, processor and payment facilitation powerhouse, announced it has acquired the assets and operations of independent sales organization Gateway Payments, LLC. Gateway offers services in credit card processing, POS, mobile payments, check services, gift & loyalty cards, and more.
buyer: Payroc
Payroc drives commerce for its merchants with anytime, anywhere payment solutions. Payroc serves its referral partners and merchant clients with integrity as trusted advisors and recognized experts in payments, providing transparent pricing clarity while delivering exceptional technology. "
target: Gateway Payments, LLC
Gateway Payments has an extensive variety of advanced products and credit card services to support businesses and assist in their success. They offer services in credit card processing, POS, mobile payments, check services, gift & loyalty cards, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/19/2020 via Company Press Release

Max IT Finance Ltd.,, will acquire CreditGuard Ltd.

synopsis: Israel-based Max IT Finance Ltd, a credit card processor, issuer, and acquirer, will acquire CreditGuard, an Israeli provider of payment clearing solutions and credit card adjustments to thousands of businesses, from its owner SafeCharge.
buyer parent: Warburg Pincus
buyer: Max IT Finance Ltd.,
Max is a credit card processor, issuer and acquirer, and the largest non-banking financial institution in Israel. Max, which has Principal Membership with VISA and MasterCard, services around 1.8 million cardholders, supports over 30 thousand merchants and has approximately $4 billion in assets. "
target parent: Nuvei
target: CreditGuard Ltd.
CreditGuard provides payment clearing solutions and credit card adjustments to thousands of businesses in Israel. The company's range of secure credit card clearing technology solutions includes credit card clearing abroad, credit card adjustments, tokenization, and more.
price ($mm)
$20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
cancelled 5/7/2020 via BNC Analysis

WEX Inc., cancelled an acquisition of Optal Ltd

synopsis: Wex has informed the owners of eNett and Optal that they have concluded that the pandemic and conditions arising in connection with it have had, and continue to have, a material adverse effect on their businesses and that WEX is not required to close the transaction.
buyer: WEX Inc. (WEX:$1,664.84)
Powered by the belief that complex payment systems can be made simple, WEX Inc. is a leading provider of payment processing and business solutions across a wide spectrum of sectors, including fleet, travel and healthcare. "
target: Optal Ltd
Optal is re-inventing how payment processes work across complex industries. Optal helps companies boost profitability across a growing number of sectors. Optal issues Mastercard branded payment products, driving its focus on developing and bringing to market, game-changing payment solutions.
price ($mm)
$1,720
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/15/2019 via BusinessWire

REPAY - Realtime Electronic Payments, acquired APS Payments

synopsis: Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced the acquisition of APS Payments, an integrated payments provider focused on the B2B vertical. APS goes to market in the B2B vertical through key integrations with leading ERP platforms.
buyer: REPAY - Realtime Electronic Payments (RPAY:$121.04)
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers. "
target: APS Payments
APS, founded in 2008 and headquartered in Mesa, AZ, is an integrated payments provider focused on the B2B vertical. APS goes to market in the B2B vertical through key integrations with leading ERP platforms.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
$7
EV / rev
EV / EBITDA
9.2x
closed 6/26/2019 via Company Press Release

Pineapple Payments, acquired CardChamp

synopsis: Pineapple Payments, a payments technology company that provides payment processing, proprietary technology, and omni-channel payment acceptance solutions, has acquired CardChamp, a credit card processing and merchant services provider.
buyer: Pineapple Payments
Pineapple Payments is a payments technology company that provides payment processing, proprietary technology, and omni-channel payment acceptance solutions for merchants of all shapes and sizes. Its core payment gateway and suite of value-added payments tools are distributed by resellers nationwide."
target: CardChamp
CardChamp is a credit card processing and merchant services provider. Offering customized payment processing solutions, CardChamp’s processing solutions are tailored to meet the specific needs of merchants whether a small retail store, or widely established national chain.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/29/2019 via BNC Analysis

Alliance Data Systems, Inc., acquired Blispay

synopsis: Blispay, a financial technology company pioneering the next generation of point-of-sale financing, has been acquired by Alliance Data, a leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based industries.
buyer: Alliance Data Systems, Inc. (ADS:$7,709.50)
Alliance Data® Systems (ADS) and its combined businesses is a leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based industries. ADS creates and deploys customized solutions, enhancing the critical customer marketing experience. "
target: Blispay
Blispay is a financial technology company pioneering the next generation of point-of-sale financing. Blispay is an everyday financing solution that customers deserve and merchants need.
price ($mm)
$7.70
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/19/2018 via PR Newswire

PAYSCOUT, INC., acquired Paywire Inc.

synopsis: Payscout, one of the fastest growing privately held global payment processing providers in the U.S., announced it has acquired Paywire, Inc., a leader in cloud and mobile software solutions that integrate with third party systems, web sites, hardware, SAP systems, and processors.
buyer: PAYSCOUT, INC.
Payscout is a global payment processing provider connecting merchants and consumers via credit, debit, ATM, and alternative payment networks. Payscout offers payment processing solutions for brick-and-mortar and ecommerce transactions, and gives merchants instant access to 100+ countries. "
target: Paywire Inc.
Paywire, Inc. is a leader in cloud and mobile software solutions that integrate with third party systems, web sites, hardware, SAP systems, and processors. Paywire's tools consolidate payment and software systems to reduce the scope of compliance and enhance security.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/20/2018 via Company Press Release

Nippon Pay Corp., will acquire Goldex Co., Ltd.

synopsis: Nippon Pay Corp. a company that provides various cashless solution services for e-commerce shops, will be acquiring Goldex Co., Ltd., a company that develops and operates block-chain systems for electronic payment systems and electronic settlement markets through credit card transactions, electronic card payments, and application settlement.
buyer: Nippon Pay Corp.
Based in Japan, Nippon Pay Corp. provides various cashless solution services for e-commerce shops centered on China mobile payment solutions, WeChatPay, Alipay, and UnionPay. Their mission is to make Japan cashless as well as overseas. "
target: Goldex Co., Ltd.
Based in Japan, Goldex Co., Ltd. develops and operates block-chain systems relating to electronic payment systems and electronic settlement markets through credit card transactions, electronic card payments, and application settlement.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/5/2017 via BNC Analysis

Heidelpay, acquired StarTec Payment & Service GmbH

synopsis: Heidelpay, together with the growth investor AnaCap Financial Partners, has acquired StarTec Payment & Service GmbH. Based in Germany, Startec Payment provides product solutions and services for the handling of cashless payment transactions. The portfolio includes POS terminals for payments with girocard, direct debit and credit card.
buyer parent: AnaCap Financial Partners LLP
buyer: Heidelpay
Heidelpay is one of the top-ranking providers of e-commerce payment services. It is headquartered in Germany and serves customers worldwide. As a full-service provider, Heidelpay offers all payment steps - acquiring, processing and collecting - with direct integration into over 50 standard shops. "
target: StarTec Payment & Service GmbH
Based in Germany, Startec Payment & Service GmbH provides product solutions and services for the handling of cashless payment transactions. The portfolio includes POS terminals for payments with girocard, direct debit and credit card as well as electronic voucher and customer loyalty systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/17/2017 via BusinessWire

Clarus Merchant Services, acquired North American Merchant Services

synopsis: CLARUS Merchant Services has announced the acquisition of North American Merchant Services (NAMS) out of Asheville, NC. NAMS partners with financial institutions to offer credit card processing services for their existing and potential customers. CLARUS Merchant Service now services over 6000 merchants, including a number of Fortune 5000 companies.
buyer: Clarus Merchant Services
CLARUS Merchant Services, founded in 1999, is a payment services provider out of Gaithersburg, MD. CLARUS is dedicated to providing single-platform execution with a full suite of integrated future-proof products, value-added servicing, and in-depth management reporting. "
target: North American Merchant Services
Founded in 1996 in Asheville, N.C., North American Merchant Services has served over 2,000 customers across the Southeast with sales offices in Pigeon Forge, TN; Charleston, SC and Charlotte, NC. They partner with financial institutions to offer credit card processing services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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ACI Worldwide
ACI Worldwide
ACI Worldwide, the Universal Payments company, powers electronic payments and banking for more than 5,000 financial institutions, retailers, billers and processors around the world. ACI software processes $13 trillion each day in payments and securities transactions.
year
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rev ($mm)
$1,006.33
EBITDA ($mm)
$162.63
EBIT ($mm)
$119.22
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$62.39
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Computer Services, Inc.
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Computer Services, Inc. delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation.
year
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rev ($mm)
$163.78
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$46.44
EBIT ($mm)
$39.88
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$24.02
Employees
917
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Ticker: RPAY
 
 
 
 
 
 
 
 
REPAY - Realtime Electronic Payments
REPAY - Realtime Electronic Payments
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers.
year
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$121.04
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Ticker: SEHK:2318
 
 
 
 
 
 
 
 
Ping An Insurance Group
Ping An Insurance Group
Ping An Insurance Group is one of China’s largest financial conglomerates. Ping An Insurance offers all kinds of insurance products, including travel, family, accident, corporate, health, life, and property insurance. They also offer services for loans, credit cards, and more.
year
2019
rev ($mm)
$159,378.71
EBITDA ($mm)
$31,223.54
EBIT ($mm)
$30,150.45
Net Income ($mm)
$18,493.28
Employees
376900
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Ticker: AXP
 
 
 
 
 
 
 
 
American Express Company
American Express Company
The American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, insurance and international banking.
year
2019
rev ($mm)
$38,379.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$6,975.00
Employees
59000
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Ticker: V
 
 
 
 
 
 
 
 
Visa, Inc.
Visa, Inc.
Visa, Inc. is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
year
2019
rev ($mm)
$22,977.00
EBITDA ($mm)
$15,737.00
EBIT ($mm)
$15,438.00
Net Income ($mm)
$12,080.00
Employees
19500
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Ticker: NYSE:COF
 
 
 
 
 
 
 
 
Capital One Financial Corp.
Capital One Financial Corp.
Capital One Financial Corp. is a diversified financial services company that offers a broad array of financial products and services to consumers, small businesses and commercial clients. A Fortune 500 company, Capital One has one of the most widely recognized brands in America.
year
2019
rev ($mm)
$22,241.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$5,800.00
Employees
50700
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Ticker: MA
 
 
 
 
 
 
 
 
MasterCard Incorporated
MasterCard Incorporated
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.
year
2020
rev ($mm)
$17,003.00
EBITDA ($mm)
$10,220.00
EBIT ($mm)
$9,671.00
Net Income ($mm)
$7,949.00
Employees
18600
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Ticker: SYF
 
 
 
 
 
 
 
 
Synchrony Financial
Synchrony Financial
Synchrony Financial is one of the nation’s premier consumer financial services companies. Through their partners’ over 350,000 locations across the United States and Canada, and their websites, they offer their customers a variety of credit products to finance the purchase of goods and services.
year
2018
rev ($mm)
$7,216.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$2,076.00
Employees
16000
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Ticker: GPN
 
 
 
 
 
 
 
 
Global Payments, Inc.
Global Payments, Inc.
Global Payments Inc. is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. They provide a range of products and services that allow their customers to accept all payment types across a variety of distribution channels.
year
2019
rev ($mm)
$3,454.43
EBITDA ($mm)
$1,386.18
EBIT ($mm)
$836.48
Net Income ($mm)
$473.00
Employees
11000
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Ticker: LSE:TCS
 
 
 
 
 
 
 
 
Tinkoff Bank
Tinkoff Bank is an innovative provider of online financial services operating in Russia through a high-tech branchless platform. The bank’s product range includes credit, debit and prepaid cards, deposits, co-branded cards, and agent-based mortgage products and retail securities trading.
year
2017
rev ($mm)
$625.66
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$246.71
Employees
10217
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Ticker: EVOP
 
 
 
 
 
 
 
 
EVO Payments International
EVO Payments International
EVO Payments, Inc. is a leading payment technology and services provider. EVO offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across North America and Europe.
year
2019
rev ($mm)
$529.62
EBITDA ($mm)
$117.38
EBIT ($mm)
$25.41
Net Income ($mm)
Employees
2200
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Ticker: QIWI
 
 
 
 
 
 
 
 
Qiwi plc
Qiwi plc
QIWI is a leading provider of next generation payment services in Russia and the CIS. It has an integrated proprietary network that enables payment services across physical, online and mobile channels.
year
2017
rev ($mm)
$325.45
EBITDA ($mm)
$91.38
EBIT ($mm)
$81.02
Net Income ($mm)
$47.31
Employees
1375
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Ticker: OTCPK:CLPI
 
 
 
 
 
 
 
 
Calpian, Inc.
Calpian, Inc.
Calpian, Inc. (CLPI), a publicly traded company, is at the heart of electronic commerce, with corporate offices in Dallas, Texas, operating centers in Georgia, New York and Illinois, and mobile payments emerging-market operations through its subsidiary in India.
year
2015
rev ($mm)
$28.00
EBITDA ($mm)
($8.64)
EBIT ($mm)
($9.35)
Net Income ($mm)
Employees
57
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Ticker: DB:UMD
 
 
 
 
 
 
 
 
UMT United Mobility Technology AG
UMT United Mobility Technology AG
UMT United Mobility Technology AG is specialized in the development and implementation of individual mobile payment solutions, especially for large-scale customers, e.g. PAYBACK (American Express Group). The FinTech company has developed one of the largest mobile payment platforms in Europe.
year
2016
rev ($mm)
$3.34
EBITDA ($mm)
$1.06
EBIT ($mm)
$1.05
Net Income ($mm)
$1.48
Employees
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Ticker: AIM:CPP
 
 
 
 
 
 
 
 
CPP Group Plc
CPP Group is an AIM-listed credit card protection and insurance assistance business process services provider.
year
2017
rev ($mm)
$128.20
EBITDA ($mm)
$6.70
EBIT ($mm)
$6.12
Net Income ($mm)
$6.44
Employees
650
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Ticker: XTRA:WDI
 
 
 
 
 
 
 
 
Wirecard AG
Wirecard AG
Wirecard AG is one of the world’s leading independent providers of outsourcing and white label solutions for electronic payment transactions. The Wirecard Group has been supporting companies in accepting electronic payments from all sales channels.
year
2019
rev ($mm)
$2,936.14
EBITDA ($mm)
$843.18
EBIT ($mm)
$705.91
Net Income ($mm)
$547.39
Employees
5685
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Ticker: UEPS
 
 
 
 
 
 
 
 
Net1 U.E.P.S. Technology Inc
Net1 U.E.P.S. Technology Inc
Net1 provides its universal electronic payment system, or UEPS, as an alternative payment system for the unbanked and under-banked populations of developing economies.
year
2015
rev ($mm)
$620.16
EBITDA ($mm)
$161.63
EBIT ($mm)
$120.57
Net Income ($mm)
$87.95
Employees
4764
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