PaymentsIndustry

Global Payments Launches Ambitious $31 Billion Acquisition of Worldpay

1 month ago

In a significant strategic move aimed at reinforcing its position in the global payment processing landscape, Global Payments Inc. has announced its decision to acquire Worldpay, a leading player in the fintech industry, for a staggering $31 billion. This acquisition marks a monumental step for Global Payments as it seeks to enhance its technological capabilities, expand its market reach, and solidify its dominance in the rapidly evolving payment solutions sector.

Barclays Set to Offload Stake in Payments Division to Brookfield

1 month ago

In a significant shift within the financial sector, Barclays is reportedly nearing an agreement to sell a substantial stake in its payments unit to Brookfield Asset Management. This strategic move underscores Barclays' ongoing efforts to streamline its business operations and focus on core areas of growth.

Mastercard Under Fire: $200 Million Settlement Amid $10 Billion Antitrust Case

3 months ago

Mastercard Inc. is currently facing intense scrutiny following a proposed $200 million settlement concerning a major antitrust lawsuit that has the potential to reach a staggering $10 billion. This proposed settlement has sparked a heated debate among several state attorneys general, who argue that the agreement might not be sufficient to adequately compensate the millions of consumers allegedly harmed by Mastercard’s business practices.

Visa Reports Robust Profit Growth Fueled by Increased Payments Volume

7 months ago

In a favorable turn of events for the global payments giant, Visa Inc. has announced a significant increase in its quarterly profits, outpacing market expectations due to a notable uptick in payment volumes across its network. The company attributes this growth to strong consumer spending patterns and the expanding acceptance of digital payments.

Visa Boosts Anti-Fraud Efforts with Featurespace Acquisition

8 months ago

Visa Inc. announced today that it has agreed to acquire Featurespace, a leader in machine learning and adaptive behavioral analytics, in an aggressive step to strengthen itself against financial fraud. The move furthers Visa's commitment to leveraging AI for the betterment of security within its extensive payment network.