The merger trend in the payments space continues with the $21.5bn deal between Global Payments and TSYS; American Banker takes a close look at the deal by providing 6 key takeaways from the merger; the deal was driven in part by the pressure fintech is putting on the payments space as Chairman of the new company Troy Woods said it made sense for the companies to combine their efforts; the deal will help to streamline payments technology for merchant services; this will help the companies to better monetize customer relationships beyond payments; the combined effort can now allow each company to attack some of the goops that existed in their markets; the new company also sees a big benefit in improving authentication as they believe they are ahead of the competition in identity security; during a conference call to announce and discuss the deal there was talk of more acquisitions so the trend in the market looks to continue for some time. Source.
