Headline News from PaymentsNews.com – July 5, 2017

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ON THE WEB

  • Vantiv Offers Worldpay a Deal Valued at $10 Billion – New York Times DealBook – “Worldpay Group, the British payment processing company, said on Wednesday that it had agreed in principle to be acquired by Vantiv, an American rival, for 7.7 billion pounds. The transaction, valued at about $10 billion, is one of the most significant in the field since the financial crisis. Payment processing has become increasingly important for financial institutions as more people shop online and move money using cellphones or other digital devices.”
  • Tesco brings mobile and contactless rewards to millions of UK supermarket shoppers – NFC World – “UK-based supermarket giant Tesco has launched a contactless version of its Clubcard reward scheme that lets customers “simply tap at the checkout to add their points”. The retailer has also updated its Tesco Clubcard app to let customers use their smartphones to access their vouchers at the point of sale “at the touch of a button”.”

ON THE WIRES

  • CM Acquires Payment Institution Docdata Payments from Ingram Micro – “Netherlands-based mobile service provider acquires payment institution Docdata Payments from its American owner Ingram Micro. This was agreed this Monday by both parties. Docdata Payments (www.docdatapayments.com) processes payments for European companies, mainly in the Netherlands, Luxembourg and Belgium. The 35 employees will be transferred to CM (cm.com).”

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