Powa logo

PayX Bulletin – Payments FinTech bubble over stretching … Powa Technologies fallout

On 19 Feb 2016 the biggest UK-based Fintech hopeful called in the administrators. Powa Technologies, claimed to be worth $2.7bn by its veteran e-commerce founder Dan Wagner, had raised $175m since he founded it in 2007, but failed to convince their investors to continue backing the venture.   At-a-glance • Largest external investor, Boston-based Wellington…

PayX Bulletin – Diebold and Wincor Nixdorf combine in $1.8 billion takeover

Companies have entered into a business combination agreement in which Diebold will launch a voluntary public tender offer for all of Wincor Nixdorf’s outstanding shares   Brings together leading global innovators in banking and retail technologies in rapidly transforming industries   Combined company will deliver fully integrated and transformative solutions in value-added services, branch automation…

PayX Bulletin – ACI Worldwide Acquires PAY.ON

With PAY.ON, ACI bolsters end-to-end eCommerce payments capabilities, delivering the most complete omni-channel payments experience   4 November 2015 – ACI Worldwide, a leading global provider of electronic payment and banking solutions, and PAY.ON, a leader in eCommerce payment gateway services, today announced that they have entered into a definitive transaction agreement. Under the terms…

PayX Bulletin – Diebold In Discussions With Wincor Nixdorf On Potential Business Combination

Diebold, Incorporated today confirmed that it has entered into a non-binding term sheet agreement with Paderborn, Germany-based Wincor Nixdorf regarding the key parameters of a potential strategic business combination. Such a business combination would be implemented through a public tender offer for all issued shares of Wincor Nixdorf. The proposed offer price of EUR 52.50…

PayX News Bulletin – Future of payments in Europe; Global Payments, CaixaBank & Erste sign JV

Global Payments Inc. a leading worldwide provider of payment technology services, CaixaBank, Spain’s largest bank by market share, and Erste Group Bank AG, a leading financial services provider in Central and Eastern Europe (CEE), announced today an agreement to form a joint venture to provide merchant acquiring and payment services in three core locations in…

FIS buys Clear2Pay

FIS acquires Clear2Pay

The Payments Industry acquisition trail continues with yet another large multi-billion revenue player cherry picking off a smaller product company with modern technology and existing complementary tier 1 customer base: Key Facts – FIS has signed a definitive agreement to acquire Brussels-based Clear2Pay. – The addition of Clear2Pay will bolster FIS’ global payments capabilities across…