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FIS, Global Payments Eyed Merger, But Talk Broke Down, Report Says

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The deal was reportedly in "advanced talks," WSJ reported, and the companies were planning to announce a deal this week. In particular, Norcross has said he wants to continue to grow through acquisitions. billion in third quarter earnings reported in October, which was largely attributable to the acquisition of Worldpay.

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

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

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Plus, Uber plans to cut 3,000 more jobs. Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather than paper checks this week. Roundtable: Should Tech M&A Be Locked Down During The Pandemic? Amazon Eyes JCPenney Buy.

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Paya FinTech To Go Public With Special Merger, New Investors

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Paya , an eCommerce FinTech, plans to go public through a special kind of merger with an investment company, according to a press release. Paya is set to merge with FinTech Acquisition Corp. III , which is a special-purpose acquisition company. The deal values Paya at about $1.3 billion, according to the release.

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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. Venture Capital Funding. Cardlay, based in the U.K., Also in the U.K.,

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Corporate Card Innovators Bank On Continued Business Spend

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Pleo has also added support for ATM cash withdrawals on its cards, while the company noted in a blog post that it also plans to roll out expense reimbursement capabilities within Pleo Pocket in the near future. Targeting eCommerce startups, commercial card company Brex has revamped its rewards program. FLEETCOR Preps For M&A Spree.

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FIS Buys Worldpay In $35B Cash, Stock Deal

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Fidelity Information Services ( FIS ), a global financial services technology company, announced Monday (March 18) it is merging with Worldpay , the global eCommerce and payments company, in a roughly $35 billion dollar deal. For FIS it marks the company’s largest acquisition ever. In 2015 it paid $5.1 billion for Sungard.