Payments & Fintech Acquisitions in 2018

Deluxe Corporation's WAUSAU Financial Systems acquired the remittance processing business of First Data Corporation for $93 million in cash. The acquisition integrates remittance processing, image-capture software and related treasury management capabilities into Deluxe Financial Services' Treasury Management Solutions to enhance efficiency and funds availability for financial institutions and corporate clients.

Providence Strategic Growth (the growth equity arm of Providence Equity) and Greater Sum Ventures acquired Value Payment Systems, a Nashville-based integrated payments provider, on March 6, 2018. The acquisition positions Value Payment Systems to accelerate growth and strengthen its leadership in government and other vertical payment markets using its proprietary gateway technology.

REPAY (Realtime Electronic Payments), an Atlanta-based payments technology and processing company, has acquired PayMaxx Pro, an electronic payments provider serving the automotive industry. The acquisition expands REPAY's footprint in automotive payments, broadens its software integration capabilities, and brings PayMaxx Pro leadership (including Megan Bussie and Jon Leedom) and customers onto REPAY's platform.