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An article relating to this blog post on Finextra:
French eftpos outfit Ingenico has made an unsolicited all-cash bid to acquire rival US e-payments firm Hypercom for around $332 million, but the deal is contingent on the Arizona-based vendor dropping...
11 Feb 2008
When I worked for a terminal vendor a few years ago, I made a prediction that the market would quickly consolidate down to a few (probably 3) big players - and that they'd most likely be VeriFone, Hypercom & Ingenico - but what I didn't see coming was that
the market would get as cutthroat as this.
What's unfolding in the Hypercom/Ingenico/Thales 'love triangle' is the kind of thing that would normally only happen in a soap opera. In fact the
latest letter from Stout to Lazare indicates that the activities of the big 3 may end with us having a global duopoly before too long (which the EU says is bad in the card scheme world). But I guess the real question has to be 'is Ingenico trying to buy
Hypercom or just toy with them?' (answers on a postcard please...) - I can't wait for the next episode to be honest!
Thankfully though, VeriFone have got their own self-induced problems to deal with and so are keeping well out of it. Wonder if they'll swoop for Thales when the dust settles?
VP Consulting, Payments
10 Oct 2007
This post is from a series of posts in the group:
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