It is the latest in a series of transactions that Vantiv has made in the past year as it seeks to expand its payments business. In November 2016, Vantiv agreed to buy the American arm of Moneris Solutions Corporation, a Canadian provider of payment services to merchants, for $406.8 million. Sign Up You agree to receive occasional updates and special offers for The New York Times's products and services. Worldpay processes 35.8 million transactions a day on average, according to its website, including sales at hairdressers, restaurants and pubs, and processed a total of 13.1 billion transactions in 2015. It processed about 25 billion transactions for merchants and financial institutions in 2016 and reported profit of $280.9 million.

Source: New York Times July 05, 2017 12:18 UTC