Elavon, the payments subsidiary of US Bancorp, to acquire Sage Pay, a payment processor operating in the UK and Ireland, for TITELTITELTITELTITELpound;232M in cash (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
Elavon, the payments subsidiary of US Bancorp, to acquire Sage Pay, a payment processor operating in the UK and Ireland, for £232M in cash  —  E-commerce continues to gain momentum — a trend we┬┤ll see played out in the next two months of holiday shopping — and with that comes more consolidation.