Vantiv Inc. confirmed this week that it has reached agreement to acquire U.K. payments processor Worldpay Group plc for about GBP 8 billion in cash and stock, one of the biggest deals in the fast consolidating payments solutions sector. In a joint statement Wednesday, the two firms claimed that the deal will create a trans-Atlantic …
The US and UK payment provider sectors has been stimulated by the news this week that a preliminary agreement has been reached between sector giants Vantiv and Worldpay that could see an $11.75 billion acquisition of the latter group. Vantiv has reportedly offered receptive UK rival Worldpay $11.75 billion, although analysts are divided on the …
The London-listed e-processor WorldPay is creating problems for e-commerce companies – including online gambling firms – due to technical problems that have knocked it offline for the past two weeks. The Financial Times reports that millions of payments daily are affected by the technical outage, leaving many customers unable to receive payments from the companies …