27 July 2017
Elizabeth Lumley
Elizabeth Lumley

Elizabeth Lumley

Elizabeth Lumley - Rainmaking Innovation

165Posts 680,663Views 173Comments
EBAday

EBAday

EBAday is the annual event for European payments professionals organised by Finextra and the Euro Banking Association. This community has been created to deliver a forum for EBA delegates to exchange views on instant payments, open banking and new developments in payments processing and technology.
A post relating to this item from Finextra:

ACI makes offer for S1

26 July 2011  |  10828 views  |  0
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Payments outfit ACI Worldwide has made a $540 million cash and stock takeover move for S1 Corporation, urging the latter's shareholders to spurn a proposed merger with Fundtech.

Love triangle drama in Payments Close

27 July 2011  |  6309 views  |  1

Just when you thought payments couldn't stir up a bit of intrigue, the payments space gives us a juicy bit of M&A love triangle drama worthy of the cheesiest, Susan Lucci-top billing, daytime soap opera (those in the US know what I'm talking about).

The talk of this year's EBADay was "Who's going buy Fundtech?" A week or so later, we got our answer - S1. An answer that, frankly, surprised me - I had my money on ACI. 

Now, it looks like my money wasn't *that* far off. ACI has come in offering to buy up S1. However, the deal will only go through if, and here's where the bitchy, *cue the music* catch is - only if they let go of their desire to acquire Fundtech. "Lose the bit on the side, S1 love, and sugar daddy ACI will pay all your credit cards bills".

I'm predicting a show down involving a slap-fest and possibly an outdoor water feature. OK, so in reality, this will probably involve a room full of dark suited lawyers - but in my head I want George Ravich to get, at least, one scene with Susan Lucci. 

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Comments: (2)

George Ravich
George Ravich - Earnix, Inc. - Westport | 27 July, 2011, 16:14

Liz - I want a scene like that too....can you arrange?

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Elizabeth Lumley
Elizabeth Lumley - Rainmaking Innovation - London | 27 July, 2011, 16:57

I'll have her people call your people, George!

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job title Director of Global Ecosystem Development
location London
member since 2009
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Director of Global Ecosystem Development at Rainmaking Innovation, Startupbootcamp FinTech & InsurTech.

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