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Why Visa Acquired PayWorks

PYMNTS

Filling that void was the motivation behind Visa’s announcement Wednesday (July 17) to acquire PayWorks, a Munich-based payment gateway for the point of sale (POS). The plan is to fully integrate the PayWorks cloud-based processing solutions with Visa’s CyberSource digital payment management platform and large acquirer base.

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Top News In Payments: Zuckerberg Tells Congress Libra Fills A Void, PayPal Hits New Growth Milestone

PYMNTS

Zuckerberg Tells Congress That Libra Fills A Global Payments Void. Amazon has acquired Health Navigator, which provides remote diagnoses and treatments on its digital platform. Facebook CEO Mark Zuckerberg went before the U.S. House Committee on Financial Services on Wednesday (Oct.

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Let's Not Repeat Failings of Pre-Durbin Age

Payments Source

In 2010, lawmakers passed bipartisan reforms to bring transparency and competition to a debit card swipe fee market that had previously been void of both. Now, members of Congress want to undo that progress.

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From Online Ordering To Cupcake ATMs: How Sprinkles Prepared For The Pandemic

PYMNTS

Contactless ordering and payment options have become crucial equipment for restaurants’ survival during the pandemic, and many eateries have had to scramble to acquire these capabilities. As our doors closed but we remained open, the ATMs filled the big void for guests [who] would typically walk into the bakery,” he said.

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The Hole Left Behind By The Celgene Acquisition

CB Insights

As a standalone company, Celgene has been one of the most active investors and acquirers in the biotech space, as the below Business Social Graph shows. If other players don’t fill its M&A void, the acquisition could have strong ripple effects across the biotech R&D landscape. Note: Green lines indicate investments.

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SellersFunding Targets Amazon Sellers With AltFin Acquisition

PYMNTS

New York-based SMB lender SellersFunding has acquired AmzLenders as it works to expand its reach with eCommerce sellers and take on Amazon. Online lenders are now filling that void to offer these small business owners lines of credit. Terms of the deal were not disclosed.

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Uber To Bring Self-Driving Fleet To Pittsburgh, Buys Otto

PYMNTS

Uber’s move to acquire Otto was seen as a push by the ride-hailing app operator to recruit more engineers. The vehicle manufacturer said it will mass produce a fully autonomous self-driving car that will be void of a steering wheel by 2021 and announced plans to double its investment in a research center in Palo Alto.

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