Monthly Archive: : May 2014
Software enabled Payments to build valuable merchant portfolios
“Nothing in the world is as powerful as an idea whose time has come,”
— Victor Hugo
Mercury Payment Systems was sold to Vantiv Inc. for $1.65 billion. Congratulations to Matt Taylor, CEO of Mercury, and his management team. This is a spectacular deal. Let us look at some simple comparative numbers. Vantiv’s market capitalization is $6 billion and it processes $400 billion in credit and debit card volume, which works out to $15M for each $1 billion processed. Looking at another example, Heartland Payments Read More