Mastercard’s Acquisition of Vyze


Vinson & Elkins advised Vyze on the deal

Mastercard (NYSE: MA) has acquired Vyze, a technology platform that delivers more choice – and purchasing power – to people who want their point-of-sale payment options to match the flexibility and convenience of today’s shopping experiences.

Increasingly, consumers are seeking alternative financing options, leaving merchants and financial institutions with a need to deliver these services at the point of sale. In the U.S. alone, these solutions represent a more than $1.8 trillion opportunity, according to Accenture.

Vyze shakes up traditional models by connecting merchants with multiple lenders, allowing them to offer their customers a wide range of credit options online and in-store. These financing options provide shoppers with additional payment flexibility at the exact moment of purchase, complementing Mastercard’s existing card and ACH-based solutions.

Through this acquisition, Mastercard becomes a more strategic partner to both lenders and merchants, delivering a checkout experience that adds to Mastercard’s best-in-class security and convenience. Vyze’s proven technology better facilitates lending options to merchants’ customers, delivering a better shopping experience through financing approval rates up to 90 percent that are well above the industry average.

The end-to-end Vyze platform allows lenders and merchants to “integrate once and innovate forever” through the simple use of APIs. Previously, managing and maintaining a range of consumer payment and financing options would require significant time and investment.

Vinson & Elkins advised Vyze with a team led by partner Paul Tobias, counsel Wes Watts and associate Vaughn Miller. Also advising were partner Shane Tucker and associate Carolyn Exnicios; senior associate Allyson Seger; partner Sean Becker, counsel Martin Luff and senior associate Christie Alcalá; and associate Ben Cukerbaum.

Involved fees earner: Christie Alcalá – Vinson & Elkins LLP; Sean Becker – Vinson & Elkins LLP; Benjamin Cukerbaum – Vinson & Elkins LLP; Carolyn Exnicios – Vinson & Elkins LLP; Martin Luff – Vinson & Elkins LLP; Vaughn Miller – Vinson & Elkins LLP; Allyson Seger – Vinson & Elkins LLP; Paul Tobias – Vinson & Elkins LLP; Shane Tucker – Vinson & Elkins LLP; Wesley Watts – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Vyze Inc.;