Payments deliver highest M&A spike after three quarters

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The payments industry stood out as an active market for mergers and acquisitions during the first three quarters of 2018 with a 33 percent increase in transactions over the same time period last year.

Berkery Noyes investment bank cited the increase in payments transactions from 30 a year ago to 40 this year as the largest rise in volume of all the market segments it monitored in the third quarter Financial Technology and Information Industry M&A trend report.

The highest-value payments deal in the third quarter of 2018 was GrubHub’s announced acquisition of LevelUp for $390 million. LevelUp provides analytics, loyalty and reward-based programs through a mobile platform that allows restaurants to interact with guests.

For the first three quarters

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