M&A

The Cincinnati company sold 5 million shares in the payment processor, as it continues to scale back its ownership stake.

Earlier this week, the e-commerce payments giant announced a $400 million deal to acquire Hyperwallet and its payment distribution technology. The deal for Palo Alto-based Simility takes aim at a different need: applying machine learning to its data collection to prevent various types of fraud.

PayPal is spending billions on M&A to throttle the heightened competition it faces from the likes of Square and Stripe.

Ingenico is negotiating a business combination with BS Payone that would boost its profile in parts of central Europe and allow it to counter multichannel moves by other major payment companies.

The authentication software and hardware provider is shifting its focus to identity verification and account onboarding, another sign that the newest generation of bank customers is not interested in coming into a branch to set up an account.

Square's taking on hundreds of millions of added debt to battle PayPal, indicating that the simple business model of turning a smartphone into a point of sale terminal is largely a thing of the past.

European payment gateway SIA has agreed to acquire First Data's card processing in a group of countries in Eastern Europe.

Adobe’s powers to drive digital customer experiences with cloud-based systems will reshape Magento's offerings and underscore how critical a robust payments stack has become to commercial infrastructure providers serving a global, omnichannel audience.

Traditional credit scoring is under siege from alternative underwriting, and TransUnion is joining the future by investing in other emerging trends such as mobile device security and health care payments.