After two delays, processor Vantiv Inc. and London-based merchant acquirer Worldpay Group plc finally announced a formal deal Wednesday that has Vantiv acquiring Worldpay in a deal that creates a global processing powerhouse. “For Vantiv, the merger brings diversification from a geography and merchant-concentration perspective,” Jared Drieling, Director of Business Intelligence at TSG, tells Digital Transactions News by email. “Clearly, the deal provides Vantiv with international capabilities, and the top acquiring position in the United Kingdom. The merger also provides Vantiv some diversification within its existing merchant portfolio.”
Recent Posts
- Global Payments Completes Merger with TSYS
- In a World of What Now, We Ask – What’s Next
- Amazon figured out a way for online shoppers to pay in cash
- O’Rourke Wants Credit Card Companies to Refuse Guns
- It could get worse for one beaten-up payments stock, chart suggests
- Now Available: Lightspeed Company Analysis
- Why Stellar Is Giving Away $124 Million In Cryptocurrency
- TSG in Digital Transactions: The Networks’ Shopping Spree
- Stripe Moves Into Lending
- Apple sees ‘long-term potential’ for cryptocurrency but isn’t focused on it today