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January 30, 2021TransactionWatch

TransactionWatch – Week of January 25th – January 29th

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Movement continued to make way this week with the proclamation of a few notable transactions within the industry. First off, PNC Bank announced this week their intention to acquire Tempus Technologies, a gateway solutions provider, for an undisclosed sum. With this acquisition, PNC plans to integrate Tempus’ solutions with its Treasury Management platform for a more streamlined payments experience. Secondly, Fleetcor announced it has acquired Roger, an accounts payable platform, for an undisclosed sum. This acquisition allows Fleetcor to further expand on its existing accounts payable and B2B solutions.

In other M&A news, OV Loop, a connected commerce platform, announced on Tuesday (Jan. 26th) their acquisition of Push Pay (dba PayFi). PayFi specializes in real-time payment capabilities for U.S. banks and commercial enterprises. Following this transaction, PayFi will be integrated into OV Loop’s platform for secure and seamless authorizations of instant transfers. Separately, the fintech holding company Atlantic-Pacific Processing Systems (APPS) announced the completion of their acquisition of Paynomix for an undisclosed sum. Paynomix will continue to develop its SaaS payment solutions, including its payment facilitation infrastructure platform, under its new ownership. Lastly, NCR has signed a definitive agreement to acquire Cardtronics for approximately $2.5 billion, including debt. The success of this deal follows Cardtronic’s termination of its previously announced agreement with Apollo Global Management.

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