We finally have some news on the BluePay auction. The payment processor is no longer up for sale and is pursuing a dividend recap.

Buyout firm Welsh, Carson, Anderson & Stowe has ended talks on the sale of payment processing company TransFirst to pursue a dividend recapitalization, as potential buyers held out for combining it with a unit of private equity-owned peer WorldPay, sources said. Welsh Carson had hired investment boutique Financial Technology Partners to explore a sale of TransFirst, hoping to fetch between $1.3 billion and $1.5 billion in a sale, people familiar with the matter told Reuters in September.

The auction of TransFirst gears up and bids are due Oct. 1. Welsh Carson is the seller. Also, BluePay is on the auction block. Goldman Sachs is an investor.