Over the past few years, major U.S. payment processors have merged, resulting in fewer, larger companies.
Saying that mergers and acquisitions (M&A) activity in the payments space has been active is definitely an understatement. Over the past few years, major U.S. payment processors have merged, resulting in fewer, larger companies. Consolidation results in benefits — often for both parties involved, as well as for merchants that gain access to new technologies and the ability to support additional types of payment transactions.
For ISVs, however, payments M&A activity can mean you arrive at work one day to find that your payment processing partner is different than the day before. You may even suddenly be linked to a company that you had decided not to partner with for one reason or another — or you may now be a part of an ISV partner program at a company that offers what you had considered a rival solution.
Regardless of the situation, payments M&A activity begs the question: Stay or go?