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Transaction Trends Online |
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In the May Issue of Transaction Trends: 
- Navigating a New Economic Landscape
- Building a Compliance Safety Net
- Pro & Con: Alternative Payments
- And much more...
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Featured Stories
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Pipeline Data Buys COCARD, Merges with Innovative Resource Alliance |
Pipeline Data says it has signed a binding letter of intent to acquire Innovative
Resource Alliance, the parent corporation of TenderCard, a gift,
loyalty and stored value solutions provider with more than 12,000 merchants based in
Falmouth, Massachusetts and Merchant Services Network, a retail merchant
services provider based in West Palm Beach, Florida, in exchange for up to 25.7
million shares of Pipeline Data Common Stock, subject to certain earn in
provisions. In addition to its current portfolio of 5,000 merchants, IRA has
initiated negotiations and executed letters of intent to purchase for cash
portfolios totaling approximately 15,000 merchants.
As merged, Pipeline
Data/IRA will acquire COCARD(R) Marketing Group, LLC ("COCARD"), a Nashville,
Tennessee-based merchant services provider catering primarily to small and
medium-sized retail accounts. COCARD currently services over 25,000 merchants.
The Definitive Merger Agreement to acquire COCARD for approximately $101 million
in cash was entered into on October 22, 2007.
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Read more...
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Southern DataComm Acquires eN-Concert |
Southern DataComm (SDC),
Inc. has announced the completion of its
acquisition of eN-Concert, a suite of solutions from Ingenico, Inc., a leading
global provider of secure transaction and payment solutions. The acquisition
represents a strategic move by SDC into the tier-one, multi-lane retail market
and signals a long-term commitment towards the expansion of their end-to-end
suite of products and services to a broader customer base. The eN-Concert team
will continue to manage, deliver and support its current suite of products and
customers, as well as, leverage SDC’s payment delivery and managed payment
services. This move continues to redefine SDC as a strategic single source
provider for the processing of all electronic payments.
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Read more...
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The Aegenis Group Renews Contract as Trainer for PCI-SSC |
The Aegenis Group has re-signed with the Payment Card Industry Security Standards Council (PCI SSC) to be the worldwide trainer of Qualified Security Assessors (QSAs). The contract
marks a renewal of the existing relationship between The Aegenis Group and the PCI-SSC. Last year, The Aegenis Group trained over 1,000 QSAs and the coming year should see almost 50% more trainees attending the sessions.
"The Aegenis Group's long experience with the security
requirements of the Payment Card Industry and with the Payment Card Industry
Data Security Standard (PCI DSS) make them a logical choice to conduct the
training," said Robert Russo, General Manager of the PCI SSC. "We
were pleased to renew the contract, as their deep knowledge of both the
industry and the PCI DSS ensures that the training the QSAs receive will be
consistent and comprehensive.
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Read more...
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CyberSource-Authorize.Net Deal Final |
CyberSource Corporation, , a leading provider of electronic payment and risk management solutions, today announced that it has completed the acquisition of Authorize.Net Holdings, Inc. of Marlborough, Massachusetts. CyberSource first announced an agreement to acquire Authorize.Net Holdings on June 18, 2007. Requisite stockholder approvals have been obtained and all regulatory requirements have been met.
The acquisition was a stock and cash transaction valued at
approximately $662 million, based on the closing price of CyberSource
common stock on October 31, 2007. Under the terms of the merger
agreement, Authorize.Net stockholders will receive 1.1611 shares of
CyberSource common stock for every share of Authorize.Net common stock.
Additionally, Authorize.Net stockholders will receive a pro-rata share
of $125 million, or approximately $4.42 per share, in the form of a
cash payment.
As a result of the acquisition, CyberSource now has approximately
217,000 customers, ranging in size from home-based businesses to some
of the largest enterprises in the world. (PR Newswire)
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