22 September 2017
Visit http://response.ncr.com

SIA buys out Sinsys JV partner Atos Worldline

07 September 2012  |  6927 views  |  0 credit card

Italy's SIA has struck a deal to buy Atos Worldline's 49% stake in Sinsys, giving it full ownership of the Belgian card payments processing company. Financial terms were not disclosed.

Established as a joint venture in 2003, Sinsys employs around 150 people, located at its headquarters in Brussels and offices in Milan and Utrecht.

Operating in 12 European countries, the firm has a portfolio of 30 million cards, 700,000 merchants, over one billion transactions, making a net profit of EUR2.6 million last year.

SIA and Atos have also struck a long-term contract for the provision, through Sinsys, of card-related processing and technology services.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SIA-SSB looks to slash costs with three year plan

SIA-SSB looks to slash costs with three year plan

19 October 2010  |  6386 views  |  0 comments
SIA-SSB wins Austrian cards contract; plans Warsaw, Moscow offices

SIA-SSB wins Austrian cards contract; plans Warsaw, Moscow offices

16 September 2008  |  5693 views  |  0 comments
Sinsys signs for Fair Isaac card fraud detection technology

Sinsys signs for Fair Isaac card fraud detection technology

04 May 2006  |  4424 views  |  0 comments
European funds transfer consolidation begins with creation of Sinsys

European funds transfer consolidation begins with creation of Sinsys

25 September 2003  |  5854 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.temenos.comvisit www.abe-eba.eu

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12477 views comments | 26 tweets | 42 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10950 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9525 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8151 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8112 views comments | 5 tweets | 4 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job