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December 26, 2016 • Issue 16:12:02
2016: An action-packed
year for payments
By Patti Murphy provider created by a group of large U.K. banks. The $920
million Mastercard shelled out gives the card company a
A s the saying goes, you can't know where you're 92.4 percent ownership stake in VocaLink, which helped
going until you know where you've been. With build and operates several real-time payment networks,
that in mind, we've prepared an overview of including the U.K.'s Faster Payments Scheme. Before the
key trends and happenings in the merchant purchase, VocaLink had been selected by The Clearing
acquiring space during 2016. House, a consortium of large U.S. banks, to provide switch
technology to support a new real-time payment network
M&A activity TCH is building.
Visa Inc.'s notice in early December that it was There were several notable acquisitions by leading
buying ecommerce payment authentication firm acquirers this year as well. The first was the acquisition
CardinalCommerce was the latest in a string of mergers of TransFirst Holdings LLC by Total System Services Inc.
and acquisitions that are reshaping the competitive (TSYS), for $2.35 billion, disclosed in January. That came
playing field. Visa officials said CardinalCommerce, as on the heels of news that leading acquirer Global Payments
a subsidiary of Visa, will accelerate the industry's move Inc. was paying $4.3 billion to acquire rival Heartland
to greater reliance on digital commerce. The combination Payment Systems Inc. More recently, Vantiv Inc. revealed
of technologies and expertise will expand the scope and a planned acquisition of Moneris USA, at a cost of $425
quality of real-time predictive risk scoring for merchants million.
and issuers, while providing more secure, seamless Everything mobile
consumer experiences, Visa said.
One consistent theme in the evolution of payments is that
Mastercard, meanwhile, purchased a majority position speed and convenience count for a lot. So it should come as
in VocaLink Holdings Ltd., an international payment little surprise that mobile commerce and mobile payments
have been hot-button issues for several years.
Contributed articles inside by:
John Tucker..............................................................................................36
Brett Husak..............................................................................................42
Steven Feldshuh....................................................................................44
Evi Triantafyllides...................................................................................46
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