Payments Dive
Acquisition activity in the payments arena has picked up in recent weeks and that may spur more deals in a challenging economic environment that has weighed on the stock market.
Global Payments announced its plan this month to buy Evo Payments for $4 billion and to sell NetSpend for $1 billion. Also, Plastiq agreed to be absorbed in a $480 million sale to a special purpose acquisition corporation. In addition, FleetCor agreed to purchase the software company Accrualify. Also, business-to-business company Paystand said it would acquire Mexico-based Yaydoo.