Payroc agrees to buy BlueSnap
0
Payroc says the deal creates a unified acquiring powerhouse that offers both end-to-end global card acquiring and eBanking processing capabilities to merchants, ISVs, and embedded technology partners.
It also extends Payroc's acquiring footprint across 47 countries and strengthens the North American-focused outfit's position in the EU and UK.
'Integrating BlueSnap's orchestration layer with Payroc's direct-connect network transforms our ability to serve merchants and ISVs at scale,' says Jim Oberman, CEO, Payroc. 'This transaction dramatically expands our global footprint and the breadth of capabilities we can bring to our customers and partners."
The acquisition is expected to close in the third quarter, subject to regulatory approval.
Last year, BlueSnap and its former CEO paid $10 million to settle with the Federal trade Commission for knowingly processing payments for "deceptive and fraudulent" companies.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
25 minutes ago
- The Independent
Watchdog appoints interim managers for troubled charity linked to Carrie Johnson
A watchdog has appointed interim managers to take over the running of an animal charity linked to Boris Johnson's wife. The Aspinall Foundation is facing an investigation by the Charity Commission after it raised 'serious concerns' about the charity's 'governance and financial management'. Founded in 1984, it runs breeding sanctuaries for endangered animals as well as operating the Howletts and Port Lympne animal parks in Kent, which were set up by gambling club host and animal enthusiast John Aspinall. Carrie Johnson was appointed head of communications for the foundation in 2021. The same year, it emerged that the charity paid more than £150,000 to the wife of the chairman of the trustees for 'interior design services'. The Charity Commission's interim managers – appointed in May this year – will also review whether any trustees or their family members have received any benefit from the charity. A spokesperson for the regulator said: 'Our inquiry into The Aspinall Foundation is ongoing. 'Towards the end of last year, fresh issues of concern were identified requiring us to embark on a further phase of investigation and our investigators are working hard to pursue these at pace. 'The Commission has now appointed interim managers to The Aspinall Foundation who will work alongside the existing trustees on specific areas in line with the charity's governing document.'
The Guardian
26 minutes ago
- The Guardian
Celtics co-owner set to buy WNBA's Connecticut Sun for record $325m
A group led by Celtics minority owner Steve Pagliuca has reached a deal to buy the Connecticut Sun for a record $325m and move the team to Boston, according to a person familiar with the sale. The franchise wouldn't play in Boston until the 2027 season. Pagliuca also would contribute $100m for a new practice facility in Boston for the team, the person said. The person spoke to the Associated Press on condition of anonymity on Saturday because the deal hasn't been publicly announced. The sale is pending approval of the league and its Board of Governors. 'Relocation decisions are made by the WNBA Board of Governors and not by individual teams,' the league said in a statement. The Sun have played one regular season game at TD Garden eac of the last two years, including one against Caitlin Clark and the Indiana Fever in July. The league has announced five expansion teams that will begin play over the next five seasons with Portland (2026), Toronto (2026), Cleveland (2028), Detroit (2029) and Philadelphia (2030) joining the WNBA. Each paid a then-record $250m expansion fee. Nine other cities bid for expansion teams, including Houston, which the league singled out as getting a team in the future when it announced Cleveland, Detroit and Philadelphia in June. Boston did not. 'No groups from Boston applied for a team at that time and those other cities remain under consideration based on the extensive work they did as part of the expansion process and currently have priority over Boston. Celtics' prospective ownership team has also reached out to the league office and asked that Boston receive strong consideration for a WNBA franchise at the appropriate time.' The Boston Globe first reported the sale. The Sun are owned by the Mohegan Tribe, which runs the casino where the team has played since 2003. The Tribe bought the franchise for $10m and relocated it from Orlando that year. The Connecticut franchise was the first in the league to be run by a non-NBA owner and also became the first to turn a profit. The team announced in May that it was searching for a potential buyer for the franchise and had hired investment bank Allen & Company to conduct the probe. The WNBA has experienced rapid growth the last few seasons and ownership groups have been investing more into their teams, including player experiences. That has come in the way of practice facilities. The Sun are one of the few teams in the league that haven't announced any plans for a new training facility. Connecticut practices either at the arena in the casino or a local community center. Despite the lack of facilities, the Sun have been one of the most successful teams in the league, making the postseason in 16 seasons, including a run of six straight semifinal appearances. But the team was hit hard this offseason with the entire starting five from last season leaving either via free agency or trade. Connecticut are currently in last place in the WNBA at 5-21. The team sent out a letter to season ticket holders last week saying they'd still be playing at the casino next year. The last team to be sold in the WNBA was in 2021 when real estate investor Larry Gottesdiener led a group that bought the Atlanta Dream for under $10m. A year earlier, Mark Davis paid roughly $2m for the Las Vegas Aces.
The Sun
an hour ago
- The Sun
Dragon's Den star stripped of MBE after judge slams high-flyer as ‘selfish & untrustworthy' over £200k in unpaid bills
A FORMER Dragon's Den star has been stripped of her MBE after refusing to pay £200,000 in legal fees. Julie Meyer was slammed by a judge for being "selfish" after she failed to pay her lawyers or attend court hearings. 4 4 4 In 2022, the 58-year-old venture capitalist became embroiled in a legal row with law firm Farrers & Co. She claimed she had received a poor service and refused to pay £197,000 after they represented her during a case in Malta. An arrest warrant was issued for the entrepreneur after she failed to turn up to court and provide documents for the case. Meyer claimed she was unable to travel from Switzerland as she was suffering with conjunctivitis and didn't have a Covid vaccine. But it was decided her reasoning was insufficient to avoid attending hearings in person. Meyer was later slapped with a six-month sentence after she was ruled to be in contempt of court. And last night, the Cabinet Office revealed that the businesswoman had been stripped of her MBE. Her name appeared on a recently updated list of shamed individuals who have forfeited their honours since 2023. Disgraced former Post Office CEO Paula Vennells also features on the list, after she was formally stripped of her CBE by the King. She had already committed to relinquish the gong following fury at her role in the Horizon postmaster scandal. The document said that Meyer's gong had been taken away after she brought "the honours system into disrepute". She was awarded the MBE in 2012 for services to entrepreneurship. Sara Davies breaks silence on shock Dragon's Den exit as star says she struggled to 'juggle' her busy career Meyer was chosen to star on the online version of Dragon's Den in 2009. After her appearance on the BBC Two show, she was appointed as David Cameron 's Government a year later. She has previously supported huge tech brands such as and Skype. Handing her the six-month suspended sentence three years ago, Mr Justice Kerr slammed Meyer as "selfish and untrustworthy". He added: "I am satisfied there is every prospect that the defendant will continue to flout orders of the court unless coerced into obeying them." Later the same year, Meyer lost an appeal to overturn her suspended prison sentence. Three disgraced former submarine captains were also stripped of their OBEs by the King. Top brass urged ministers to withdraw the prestigious gongs from the trio over sex and bullying scandals. One had made an X-rated film on HMS Victorious and a second, nominated for an OBE during his misconduct probe, licked a female officer's ear, blew on her neck and punched her on HMS Vigilant. The third was found guilty of bullying on nuclear-powered attack sub HMS Trenchant. All three were commanders — James Bond 's rank — and led crews of more than 130. The Navy asked the Cabinet Office Forfeiture Committee to strip the men of their awards and King Charles gave final approval. Last year, Grime artist Wiley was stripped of his MBE after he posted anti-Semitic comments on social media. The Met confirmed they were investigating the tweets after he was dropped by his manager and banned from the website. 4
