Merchant payment processor Global Payments announced this morning that it is entering the consumer money transfer business via the acquisition of DolEx Money Express, the fourth largest money transfer player in the U.S. to Latin America corridor. Global Payments is paying $200 MM to acquire this business which last year had revenues of about $70 MM.

"This expansion of our payment processing model is consistent with our strategy to acquire companies in profitable, high growth sectors of the payments industry that have strong competitive advantages, revenue growth and earnings accretion," said Paul R. Garcia, chairman, president and CEO of Global Payments. "I welcome a seasoned and talented DolEx management team, who are dedicated to the long-term success of their company. This transaction will unite the expertise and strengths of two great organizations," continued Garcia.

This morning Yodlee announced BillDirect, a new service that combines its bill presentment capabilities with biller direct bill payment.

"When customers can quickly see and pay all their bills on their bank's website, online banking will become much more useful - and popular. But right now, not enough bills are available in one place and the services are generally too costly," said Bill Harris, former CEO of Intuit and Yodlee Board Member. "Yodlee's revolutionary new approach to bill presentment promises to change all that. It's just what the online banking industry needs for continued growth and better retention."