Earlier this week, the e-commerce payments giant announced a $400 million deal to acquire Hyperwallet and its payment distribution technology. The deal for Palo Alto-based Simility takes aim at a different need: applying machine learning to its data collection to prevent various types of fraud.
In recent years, there's been a lot of activity in payments M&A, but a few deals stand out — some for their size, and others for their ability to transform both parties in a fundamental way.
After its work with GPShopper produced favorable results the past two years, Synchrony Financial aims to dig deeper into mobile commerce by acquiring its partner.
