Global Payments, a global provider of payment solutions, has completed the acquisition of Ezi Holdings (Ezidebit), an integrated payments company focused on recurring payments verticals in Australia and New Zealand. Similar to the company’s OpenEdge division, Ezidebit markets its products through a network of integrated software vendors and direct channels to numerous vertical markets.
Under the terms of the agreement, Global Payments paid a purchase price of AU$305m (approximately US$268m), funded by a combination of cash on hand and borrowings on the company’s revolving credit facility.
Data from S&P Global Market Intelligence suggest that the German lender is struggling to meet capital and earnings figures.
Global digital payment volumes are set to reach 426.3bin transactions in 2015, according to the World Payments Report 2016 fromCapgemini and BNP Paribas.
The T+2 Industry Steering Committee (T+2 ISC) has welcomed recent action by the Securities and Exchange Commission (SEC) to propose a rule ... read more
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