Worldpay, Britain’s largest payment processor, on Tuesday received rival bid approaches from US credit card technology firm Vantiv and JPMorgan Chase Bank, sending its shares up by more than 25%.
The bid approaches show how automated payments specialists have become attractive targets for credit card companies, banks and technology firms seeking to capitalize on the growth in popularity of paying by smartphone or other mobile devices.
Danish payment services company Nets A/S, said over the weekend that it had also been approached by potential buyers.
Worldpay, which sells technology to businesses so they can take payments via cards, online or on mobile devices, said the approaches were preliminary and there was no certainty of any deal. Sources close to the company said the offers were unsolicited.
Full Content: Wall Street Journal