logo
Plus   Neg
Share
Email

Mastercard To Buy Finicity - Quick Facts

Mastercard (MA) has agreed to acquire Finicity, a North American provider of real-time access to financial data and insights. Headquartered in Salt Lake City, Finicity provides financial data APIs, credit decisioning tools and financial wellness solutions. Mastercard said the addition of Finicity's complementary technology and teams strengthens the Mastercard open banking platform. The purchase price is $825 million. Finicity's shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met.

Mastercard does not expect the acquisition to be incrementally dilutive to its business for greater than 24 months. The company expects the transaction to close by year end.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney World, the Orlando, Florida-based entertainment complex, is easing the health safety guidelines that were rolled out to prevent the spread of the ongoing COVID-19 pandemic. The complex is ending temperature checks in a phased manner following the advice of the Centers for Disease Control and Prevention (CDC) and local health officials. Frito-Lay North America, the convenient foods division of food and beverages giant PepsiCo, Inc., is recalling select Ruffles All Dressed Potato Chips citing the possible presence of undeclared milk ingredients, a known allergen, the U.S. Food and Drug Administration said. According to the agency, the recalled products may have distributed regionally to Walmart's Sam's Club Warehouses. Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced Friday that they have initiated the Biologics License Application (BLA) process with the U.S. Food and Drug Administration (FDA) for approval of their mRNA vaccine to prevent COVID-19 in individuals 16 years of age and older. The companies initiated...
Follow RTT