Paysafe Completes Acquisition of MCPS in Push into US Market
- Paysafe would hope that this acquisition will help it to penetrate the US market where its presence is negligible.
As an update to the previous announcement that it made in July, Paysafe Group (LSE:PAYS), a payment solutions provider, has announced the completion of its acquisition of Delta Card Services, the holding company for Merchants’ Choice Payment Solutions (MCPS), a payment processor based in Houston, Texas.
The acquisition was executed for $470 million and it marks a push from UK-based Paysafe into the American market, which is currently dominated by Paypal. Bolstering its presence in a new market in an industry which is both lucrative and competitive should be very beneficial to the firm.
It is likely to be a mutually beneficial relationship as MCPS is known to be strong in terms of technology and data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term in the payment services industry.
As a follow up to the acquisition of MCPS by Paysafe, the CEO of MCPS, Todd Linden, will join Paysafe as CEO of Payment Processing for North America, while Giovanni Diano, MCPS CFO, will become the CFO of Payment Processing.
This acquisition comes amidst the growing interest in the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term industry. Many larger companies are looking for smaller ones to acquire as a means of penetrating and consolidating markets. The interest in this industry is exemplified by the bid from the Blackstone Group consortium to acquire Paysafe, and also by the strong revenue numbers posted by Paysafe this year.
As an update to the previous announcement that it made in July, Paysafe Group (LSE:PAYS), a payment solutions provider, has announced the completion of its acquisition of Delta Card Services, the holding company for Merchants’ Choice Payment Solutions (MCPS), a payment processor based in Houston, Texas.
The acquisition was executed for $470 million and it marks a push from UK-based Paysafe into the American market, which is currently dominated by Paypal. Bolstering its presence in a new market in an industry which is both lucrative and competitive should be very beneficial to the firm.
It is likely to be a mutually beneficial relationship as MCPS is known to be strong in terms of technology and data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term in the payment services industry.
As a follow up to the acquisition of MCPS by Paysafe, the CEO of MCPS, Todd Linden, will join Paysafe as CEO of Payment Processing for North America, while Giovanni Diano, MCPS CFO, will become the CFO of Payment Processing.
This acquisition comes amidst the growing interest in the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term industry. Many larger companies are looking for smaller ones to acquire as a means of penetrating and consolidating markets. The interest in this industry is exemplified by the bid from the Blackstone Group consortium to acquire Paysafe, and also by the strong revenue numbers posted by Paysafe this year.