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Demark’s Nets Merging With Italy’s Payments Giant Nexi

PYMNTS

European payments rivals Nets of Denmark and Nexi of Italy have negotiated an “all-share” merger deal that would establish a large payments platform for the pan-European market, the companies said in a statement on Monday (Nov. It will also deliver more products and services and offer customers “enhanced exposure to eCommerce.”.

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Corporate M&A Breaks New Record

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Corporate mergers and acquisitions (M&A) activity has broken a new record this year, according to the latest data from Jeff Golman, vice chairman of Mesirow Financial. 21), Golman noted that not only is corporate M&A at its highest level ever, it also accounts for the largest-ever portion of total M&A activity.

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Today In Payments: Amazon Eyes JCPenney Buy; Stimulus Payments To Be Sent Via Visa Prepaid Debit Card

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The EIP cards can be used for purchases, withdrawals from ATMs and transfers to bank accounts and represent a large part of the final wave of individual stimulus payments that went out amid the initial coronavirus response with March’s CARES Act. Roundtable: Should Tech M&A Be Locked Down During The Pandemic?

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2018 Recap: B2B Payments Innovation Welcomes Bank-FinTech Collabs — And Beyond

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Partnerships, joint ventures, as well as merger and acquisition (M&A) activity between banks, startups, payments firms, technology conglomerates and everyone in between became a popular strategy for tackling friction. Here are some of the biggest stories of B2B payments collaboration from 2018.

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

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Further, this week’s B2B Venture Capital roundup finds VC funding isn’t the only investment strategy for B2B FinTechs, with (mergers and acquisitions) M&A activity seeking a spike, as well as some high-profile plans by industry players to go public. Cardlay, based in the U.K., Also in the U.K., Funding Xchange secured $10.3

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Corporate Card Innovators Bank On Continued Business Spend

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Expense management and accounts payable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend. Targeting eCommerce startups, commercial card company Brex has revamped its rewards program. FLEETCOR Preps For M&A Spree. Emburse Debuts T&E Cards.

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Today In Payments: PNC Advances $11.6B BBVA Purchase Deal; US Economic Forecasts Grim Amid Escalating COVID-19

PYMNTS

Plus, Mastercard announced a new Account-to-Account service to its Track Business Payment Service. Mastercard Boosts Business Payments With Account-To-Account. FTC, Lawmakers Turn Sour On M&A; Could Innovation Suffer? Perhaps outright bans on mergers. In today’s top news, PNC will acquire BBVA’s U.S.