acquisitions

Overdraft Revenue Dwindles: Tech Solutions Emerge Amid Regulatory Headwinds
Overdraft Revenue Dwindles: Tech Solutions Emerge Amid Regulatory Headwinds
September 24, 2024  |  Banking

Last year, overdraft fees charged by banks — representing a revenue stream tied to account use — slipped by 24% to $5.8 billion. The industry...

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Payroc Expands Payment Solutions With Acquisition of I3 Verticals’ Merchant Services Business
Payroc Expands Payment Solutions With Acquisition of I3 Verticals’ Merchant Services Business
September 23, 2024  |  Acquisitions

Payment platform Payroc has completed its previously announced acquisition of the merchant services business of i3 Verticals. With this acquisition, which was announced in June, Payroc will...

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Report: Apollo Global Management Offers $5 Billion Investment in Intel
Report: Apollo Global Management Offers $5 Billion Investment in Intel
September 23, 2024  |  Investments

Apollo Global Management reportedly offered to invest up to $5 billion in chipmaker Intel. Intel executives are considering the proposal, Bloomberg reported Monday (Sept. 23),...

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CSI Buys Overdraft Management Firm Velocity Solutions to Help Banks Grow
CSI Buys Overdraft Management Firm Velocity Solutions to Help Banks Grow
September 18, 2024  |  Acquisitions

Financial technology provider CSI acquired overdraft management software firm Velocity Solutions. “Our customers rely on us to provide the advanced tools and software that drive...

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Behind the Screens: How Threat Intelligence Keeps Digital Payments Secure
Behind the Screens: How Threat Intelligence Keeps Digital Payments Secure
September 13, 2024  |  Cybersecurity

It is, by this point in human history, an undoubtedly digital world. And in the contemporary age, where commerce increasingly happens online and payment systems...

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Mastercard Enhances Real-Time Threat Visibility With Recorded Future Purchase
Mastercard Enhances Real-Time Threat Visibility With Recorded Future Purchase
September 13, 2024  |  Security & Fraud

Looking to expand security and threat intelligence beyond a completed transaction, Mastercard on Thursday (Sept. 12) announced it is acquiring Recorded Future for $2.7 billion....

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Mastercard Acquires Recorded Future to Bolster Cyber Protections
Mastercard Acquires Recorded Future to Bolster Cyber Protections
September 12, 2024  |  Acquisitions

Mastercard is spending $2.65 billion to acquire threat intelligence company Recorded Future. The deal, announced Thursday (Sept. 12), “bolsters the insights and intelligence used to secure today’s digital economy...

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Report: EQT Looks to Sell Majority Stake in Banking Circle
Report: EQT Looks to Sell Majority Stake in Banking Circle
September 11, 2024  |  Banking

Private equity firm EQT is reportedly looking to sell its majority stake in payments processor Banking Circle. EQT is aiming for a deal that would value Banking...

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Squarespace Becomes Private Company With $7.2 Billion Permira Deal
Squarespace Becomes Private Company With $7.2 Billion Permira Deal
September 09, 2024  |  Acquisitions

Squarespace is becoming a private company, with its new owner offering a more generous deal. The website-building platform had announced plans to merge with private...

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