It may seem like a lifetime, but it was only a few years ago — nearly three, in fact — when the payments mega-deals began to surface.
Global Payments inked a deal to acquire TSYS for more than $21 billion. First Data was bought by Fiserv for $22 billion. FIS bought WorldPay in a whopper of a deal valued at $35 billion.
The common theme back then was bringing software and payments together to grapple with the threat of disintermediation and generate economies of scale.