Thursday, April 22, 2021
Deluxe Corp., a leading technology provider, entered into an agreement on April 21, 2021, to acquire First American Payment Systems. Deluxe leaders called the $960 million all cash transaction a milestone in the company's 106-year history that will add more than $600 million in recurring annual revenue while expanding distribution and scale.
By Dale S. Laszig
Hardware remains integral to electronic transactions but is no longer the face of payments. Consumers aren't always marching single file to checkout stations to perform practiced routines. Hardware-dominant systems are acquiescing to softer payment methods. Commerce is becoming more nuanced, more of a dance than a march, with the consumer, not the device at center stage.
Company profile from GS210401
Theta Lake was founded in 2017 by two technologists with decades of leadership at Global 100 companies: Devin Redmond, chief executive officer, and Rich Sutton, chief technology officer. The Santa Barbara, Calif.-based firm is a 2019 Gartner Cool Vendor and UC Today’s 2020 Best Compliance Product and Best Security Product award recipient.
Tune in to discover how Dylish helps ISOs and agents go toe-to-toe with national restaurant delivery services, undercutting the big guys' fees and dishing out big margins on delivery and processing fees - upwards of 700bp, says Dylish's John Sarabia. Plus, Patti reports on card fraud trends, and James tackles the question of when is the right time for an agent to go out on their own.