CardWorks and Merrick Bank to Acquire Ally’s Credit Card Business

Parthenon Capital Makes Additional Investment in CardWorks, Inc.

February 15, 2022

Payments & Fintech

Parthenon Capital has made an additional investment in CardWorks, Inc., the parent of CardWorks Servicing, Merrick Bank and Carson Smithfield; terms were not disclosed. As part of the transaction Parthenon co-CEO Brian Golson will join CardWorks' Board of Directors, and the firm said the capital will support continued growth of the company's consumer lending, payments and servicing businesses.

Ally Financial Acquires Fair Square Financial for $750M

October 21, 2021

Financial Services

Ally Financial announced a definitive agreement to acquire Fair Square Financial for $750 million in cash, completing the deal in late 2021. The acquisition gives Ally a ready-made digital credit-card platform and consumer credit capabilities as it re-enters the credit-card market.

Mollie To Acquire GoCardless

December 14, 2025

Payments & Fintech

Mollie has signed an agreement to acquire bank payments company GoCardless to create a unified European payments and bank payment platform. The combined platform will combine card payments, local payment methods, and bank payments under a single provider and is expected to be finalized in mid-2026, subject to regulatory approvals.

Atlanticus Acquires Mercury Financial LLC for $162 Million

September 12, 2025

Payments & Fintech

Atlanticus Holdings Corporation has acquired Mercury Financial LLC for approximately $162 million in cash (with potential earn-outs tied to future credit performance), making Mercury a wholly owned subsidiary. The deal adds 1.3 million serviced credit card accounts and $3.2 billion in receivables, expanding Atlanticus' presence in the near-prime credit card market and providing additional technology, distribution partnerships, and scale.

Quisitive Acquires BankCard USA

March 29, 2021

Payments & Fintech

Quisitive Technology Solutions Inc. entered into an agreement to acquire BankCard USA Merchant Services, Inc. for US$100 million in cash plus the issuance of 50,000,000 common shares and a potential earn-out of up to US$20 million. BankCard USA, based in Westlake Village, California, processes over US$3.0 billion in payments annually, reported LTM revenue of US$29 million and LTM adjusted EBITDA of US$11 million, and will be integrated into Quisitive's LedgerPay payments platform; the deal is expected to close in Q2 2021 subject to approvals.

NCR Corporation Acquires Cardtronics

June 21, 2021

Financial Services

NCR Corporation has completed its acquisition of Cardtronics in an all-cash transaction valued at approximately $2.5 billion including debt. Cardtronics is now a wholly owned subsidiary of NCR, a move NCR says will accelerate its "NCR as a Service" strategy and expand its payments and ATM capabilities.