Vantiv + Paymetric = B2B Payments Expansion & Cross-Selling Opportunities

Vantiv has inked a deal to acquire Atlanta-based Paymetric for an undisclosed amount but set to close by June 30th, pending U.S. antitrust clearance. Paymetric automates B2B payment workflows within enterprise systems, including SAP, Oracle, Hybris, Salesforce and more. Paymetric also tokenizes payments data within these systems in order to enable secure storage of customer…

TSYS Posts Decent Q1 Profit While Trimming Jobs and Diversifying

GA-based acquirer TSYS reported a solid first quarter (1Q/17) as total revenues hit $1185 million, a jump of 60.4% year-on-year (YOY). Net income increased 16.9% YOY from $90.6 million in 1Q/16 to $105.9 million in 1Q/17, according to CardData. The Company says the strategy of diversification has been paying-off for the first quarter. TSYS also…

All-In-One Wedding Registry Platform w/Credit Cards Introduced

Seattle-based Blueprint Registry announced its credit card processing fee is approximately 5% less than their competitors, at 2.5%. In addition, Blueprint Registry also announced the launch of two new features that allow users to aggregate existing registries into one account: one-time import and automatic import. The one-time import feature allows customers who have previously created one…

Payment Solutions for the Cannabis Industry Ready to Explode

Regulated cannabis sales in North America totaled $6.9 billion in 2016, a 30% increase from the previous year, and sales are projected to grow to $21.6 billion by the year 2021, which represents a 26% compound annual growth rate. Voters in four states – California, Massachusetts, Nevada and Maine, voted legalize recreational Cannabis this November.…