Global Payments

U.K. regulators approved the acquisition, which is part of Global Payments' plan to scale its point of sale restructuring.

The company is selling its Genius platform to large restaurant and entertainment companies in an attempt to counter the wave of improvements from its rivals.

The firm, which is relaunching its signature payment system, gets a branding opportunity and a testing ground in dozens of stadiums and arenas.

Global Payments executives touted the company's Genius point of sale rollout and Worldpay acquisition during a second-quarter earnings call with analysts, but some are concerned the reinvention is coming too late.

The groundwork for a system of international payments that bypasses the sclerotic SWIFT network has been created. Now the banking industry needs to get behind the switch to blockchain-based payments.

Infrastructure provider BVNK will enable the new stablecoin offering and crypto firm Fireblocks' integration services will help facilitate the connection to Worldpay.

The payment company's restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.

The pending acquisition is one of several large deals involving payment companies in recent years as legacy firms look for combinations that can counter newer fintech rivals.

As interest in stablecoins increases, and regulatory guardrails appear on the horizon, institutions may be ready to work with secure digital asset platforms.

The Abu Dhabi sovereign wealth fund-backed AI investment company initiated the largest investment ever paid in crypto.