Financing

CreditShop Holdings LLC (CreditShop) has changed its name to Mercury Financial Holdings LLC (Mercury Financial). Mercury Financial is the largest non-bank credit card company in the US. The rebrand coincides with Mercury Financial securing $100m in incremental capital. The...

PNC Bank N.A. announced it has reached a definitive agreement to acquire Tempus Technologies, Inc., a leading payment gateway provider that delivers secure and innovative payment-processing solutions for businesses of all sizes. The acquisition of Tempus Technologies, which is...

UK-based online payments company Paysafe has acquired US-based payment technology company Openbucks, for an undisclosed amount. Openbucks is a payment gateway that enables online merchants to accept retail gift cards as an alternative form of payment to credit cards, which...

InComm Payments, a leading global payments technology company,  announced that it has acquired Todo Cartões, one of Brazil’s main closed-loop gift card processors. The acquisition will grow InComm Payments’ presence in the country by enabling the processing and distribution...

Revolut has extended its business product offering by offering a merchant acquiring platform from which businesses can accept online card payments. Revolut’s chief executive Nik Storonsky announced that merchant acquiring unit will allow businesses in 13 European countries to accept...

Starting a business is a bit like juggling. You have to concentrate on each of the aspects of the business to ensure none of them fall. You’ll need to worry about staffing, office space, inventory, IT systems and many...

Hanover Bancorp, the parent company of Hanover Community Bank, has signed an agreement with Savoy Bank for a merger in a stock and cash transaction valued around $63m. Under the terms of the agreement, Savoy Bank will be merged into...