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Perhaps one of the biggest floats expected to happen soon is payment processing business Worldpay.
eBay also owned the payment processing business PayPal until it was de-merged in July last year.
Companies already in the payment processing business are seeing and meeting consumer and merchant desire for a solution.
Since 2001 the U.S. card payment processing business has come under the control of four companies, the largest of which is not a bank and has no interest in protecting Saunders franchise.
While the most visible battle to sign up customers may rage among Visa, MasterCard, the Discover unit of Morgan Stanley and American Express, there's an equally tough fight going on behind the scenes: the scramble by a handful of relatively unknown companies to get a slice of the payment processing business.
Last week, Whitman's former employer, EBay, announced that it was spinning its PayPal payment processing business into a separate company.
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The firm has raised its profile in recent years with a number of big investments, including Lululemon, the yoga-apparel retailer, and the payment processing businesses of FifthThird Bancorp and Royal Bank of Scotland, which have been renamed Vantiv and WorldPay, respectively.
This can be attributed to many factors, but the underlying predictability of its payments processing business is a big pillar of that.
"From the very beginning, Susan did not mince words," said Mr. Tannin, now an executive in a payment-processing business.
Fifth Third Bancorp announced the sale of its majority stake in its payments-processing business, raising about $1.2 billion in tangible common equity and Tier 1 capital, to global buyout firm Advent International for $561.0 million.
It pursued a niche in the payments-processing business that had seen little innovation in over a decade: card issuing and processing, which involves deciding whether a debit card transaction should be approved.
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