Business and Marketing News
First Data’s pending $22 Billion all-stock sale to Fiservis being positioned as “SMB payment enablers + big bank payment accounts.” It’s more complex than that, but First Data’s swing to a new era of SaaS marketing and logistics services played a key role in the sale. It also reinforced the role of payment platforms in the next … Read more
With the incredible riches of the next wave of commerce awaiting, it’s a race of the incumbents versus the innovators. “The race is for the incumbents to fix things before innovators get distribution,” ” suggests Global Payments SVP of Global Product Frank Young. That was one of the basic themes this week at the fourth … Read more
GrubHub is buying LevelUp for $390 Million, deepening GrubHub’s loyalty, payment and ad platforms for clients like KFC and Taco Bell at a time when advanced ordering is remaking the QSR (quick service restaurant) experience. The acquisition also gives GrubHub a new white label capability for serving many of LevelUp’s clients, who are mostly comprised of regional QSRs. … Read more
Facebook’s reach out to banks and credit card companies for customer bank balance, transaction data and fraud alerts, per today’s Wall Street Journal, signals a second, more cautious run at “transaction marketing.” The WSJ article details an effort by Facebook to support Messenger via customer data, making it feel safer to use the messaging service to … Read more
Mindbody, a leader in fitness and spa software and services with 67,000 subscribing businesses in 124 countries, announced it reached an agreement to be sold for $1.9 Billion to Vista Equity. The company will now enter a 30 day “Go Shop” period. At the time of the announcement, the deal represented a 68 percent premium … Read more