Galileo’s $77 million Series A round, led by Accel, was recognized as the second largest payments deal in North America during Q4 2019, according to Electronic Payments International. Only HMS’s $155 million acquisition of Accent ranked higher.
Thirty-one deals, valued at $550.31 million were announced for the region during Q4 2019, against the last four-quarter average of 39 deals. Seventy-four percent of the overall value of industry deals occurred during Q4.
Click here for more on Q4 19 investment in the North American payment sector.
Banks can’t duct tape their way out of legacy system failures. Core modernization is a business imperative
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30% of customers are pulling out debit cards when making purchases at major travel and entertainment brands. The co-branded debit card presents a new opportunity or brands to deepen customer relationships while addressing the preferences of a generation that increasingly chooses debit over credit.
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