Jay D. Wilson CFA, ASA, CBA, a vice president at Mercer Capital, was recently quoted in an article published in the Bloomberg Businessweek, titled “MasterCard Helps Fuel Takeovers as Payment Tech Heats Up,” by Elizabeth Dexheimer and Matthew Monks. Wilson leads Mercer Capital’s Financial Technology industry team and publishes research quarterly related to the FinTech industry.
In the article, published July 24, 2014, Wilson responds to the growing number of deals among payment processors in the Financial Technology industry as consumers are relying more on electronic forms of payment than on checks and cash. The number of completed and pending deals rose 76% to 125 for the first half of this year in comparison to the same time last year.
“Payments is profitable and it’s a scale business,” Wilson was quoted as saying in the article. “To the extent that deals come together – that means you will just see more.”
Mercer Capital is a national business valuation and financial advisory services firm. We offer a broad range of services, including corporate valuation, financial institution valuation, financial reporting valuation, gift and estate tax valuation, M&A advisory, fairness opinions, ESOP and ERISA valuation services, and litigation and expert testimony consulting.